Northern Arc Secures Funding to Expand Reach
April 28, 2024, 3:31 pm
Location: India, Tamil Nadu, Chennai
Employees: 201-500
Founded date: 2008
Total raised: $320M
Non-banking financial firm Northern Arc has secured a whopping $80 million from IFC. This Chennai-based platform is gearing up to expand its reach to end customers and enhance credit access across its targeted sectors. With this fresh injection of funds, Northern Arc is poised to make significant strides in the financial landscape.
Indian startups have been on a fundraising spree, with a total of $172.6 million raised in just one week. Fintech startups led the charge, raking in $88.5 million through three deals. Seed funding also saw a boost, reaching $33.9 million, a 29% increase from the previous week. The entrepreneurial spirit in India is alive and thriving, with startups like Northern Arc and Dhruva Aerospace paving the way for innovation and growth.
Indian startups have been on a fundraising spree, with a total of $172.6 million raised in just one week. Fintech startups led the charge, raking in $88.5 million through three deals. Seed funding also saw a boost, reaching $33.9 million, a 29% increase from the previous week. The entrepreneurial spirit in India is alive and thriving, with startups like Northern Arc and Dhruva Aerospace paving the way for innovation and growth.