Get All Access for $5/mo

Northern Arc Capital Raises INR 100 Cr Debt From SMBC The proceeds will be used by Northern Arc Capital to provide financing solutions to MSMEs and small-scale agri-businesses across the country

By Prabhjeet Bhatla

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Unsplash

Northern Arc Capital, a platform in the financial services sector, today on Wednesday announced it raised INR 100 crore debt from one of Japan's largest banks, Sumitomo Mitsui Banking Corporation (SMBC).

Northern Arc Capital will use the proceeds to cater to the credit demands of small enterprises and agri-businesses. The transaction aligns with the company's ESG goal of creating sustainable impact by providing efficient and reliable debt finance to under-served businesses.

"We are excited to deepen our partnership and engagement with one of the world's premier banking institutions. This transaction will further deepen Northern Arc's foray into retail lending through partnerships," said Kshama Fernandes, managing director, and chief executive officer, Northern Arc Capital.

Aligned with SMBC's commitment to making sustainability a reality for its stakeholders and the next generation, this investment is a complementary move supporting the bank's efforts in furthering its Sustainable Development Goals (SDG) goals in India.

"We are pleased that our strategic partnership with Northern Arc Capital has evolved and deepened amid the rapidly changing environment and over the years, supported SMBC in contributing positively to the attainment of SDGs in India," added Toshitake Funaki, chief executive officer, SMBC India's.

Since 2009, Northern Arc Capital has enabled financing for Originator Partners who have impacted over 54 million lives across India. Since the onset of the COVID pandemic, the debt platform has raised funds from reputed international investors including JICA, USDFC, ADB, and FMO.

Prabhjeet Bhatla

Former Staff

Growth Strategies

AMD Confident About Increasing Market Share In India

The semiconductor company is positive about the business environment in India on the back of growing investments in data centers and AI, Cloud repatriation, as well as technology refresh taking place across companies on both server side and client devices

Business News

'Passing By Wide Margins': Elon Musk Celebrates His 'Guaranteed Win' of the Highest Pay Package in U.S. Corporate History

Musk's Tesla pay package is almost 140 times higher than the annual pay of other high-performing CEOs.

News and Trends

Indigrid Technology and Hour4u Raise Early-Stage Funding

Here are the Indian startups that announced early-stage funding rounds.

Branding

ChatGPT is Becoming More Human-Like. Here's How The Tool is Getting Smarter at Replicating Your Voice, Brand and Personality.

AI can be instrumental in building your brand and boosting awareness, but the right approach is critical. A custom GPT delivers tailored collateral based on your ethos, personality and unique positioning factors.

Marketing

5 Ways ChatGPT Will Impact Digital Marketing

ChatGPT is creating ripples across the digital landscape right now. Here are five ways it can benefit your ads, campaigns and marketing strategies.

Science & Technology

How Can Marketers Use ChatGPT? Here Are the Top 11 Uses.

With the recent developments in AI and the popularity of ChatGPT, you may want to integrate AI into your marketing practices. Find out how.