🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Metalbook raises Rs 25 Cr debt from Northern Arc

Entrackr

Entrackr · 1y ago

Metalbook raises Rs 25 Cr debt from Northern Arc

Full-stack metal supply-chain platform Metalbook has raised Rs 25 crore or (approximately $3 million) from Northern Arc. This is the first debt financing for the Delhi-based company. In February 2024, it raised $15 million led by Rigel Capital in Series A round. Metalbook’s board passed a special resolution to issue 250 non-convertible debentures at a face value of Rs 10,00,000 each to raise the above-mentioned sum, its regulatory filing sourced from Registrar of companies (RoC) shows. Founded in 2021, Metalbook is a full stack platform which helps businesses including SMEs with procurement, inventory liquidation, logistics, and credit among others. It claims to work with over 500 manufacturers, dealers and suppliers such as ArcelorMittal Nippon Steel, Tata Steel and JSW across 16 countries. In August last year, Axilor had led a $5 million seed round in Metalbook. The Delhi-based company is yet to disclose FY23 numbers but its revenue from operations stood at Rs 85.39 crore in FY22. Its losses also increased to Rs 25.90 crore in the same period. At the time of its Series A round in February, Metalbook said that it’s anticipating to achieve an annualized revenue run rate of $200 million by the end of FY24.

Related News

Electric mobility startup Yulu raises Rs 25Cr debt from Northern Arc

IndianStartupNews

IndianStartupNews · 1y ago

Electric mobility startup Yulu raises Rs 25Cr debt from Northern Arc

Electric mobility startup, Yulu, has secured Rs 25 crore in debt funding from Northern Arc Capital. The funding was raised through the issuance of non-convertible debentures, with each debenture priced at Rs 1,00,000. Yulu aims to enhance urban mobility solutions and offers last-mile connectivity through its network of electric bikes and battery swapping facilities. The startup had previously raised $82 million in a Series B equity funding round and has strategic partnerships with Bajaj Auto and Magna International.

Northern Arc Capital raises Rs 229 Cr from anchor investors pre-IPO

YourStory

YourStory · 1y ago

Northern Arc Capital raises Rs 229 Cr from anchor investors pre-IPO

Non-bank financial institution Northern Arc Capital has raised Rs 229 crore ($31 million) from anchor investors ahead of its upcoming initial public offering (IPO). The funds were collected by issuing over 87 lakh equity shares at Rs 263 each to anchor investors including SBI General Insurance, Kotak Mahindra Life Insurance, and Goldman Sachs. Northern Arc Capital's IPO, which consists of a fresh issue of equity shares worth Rs 500 crore and an offer for sale of up to Rs 277 crore, is set to open for public subscription on September 16.

IPO-bound NBFC Northern Arc raises $80 mn from IFC

VCCircle

VCCircle · 1y ago

IPO-bound NBFC Northern Arc raises $80 mn from IFC

Chennai-based non-banking lender Northern Arc has raised $80 million, with $40 million in equity and $40 million in debt, from the International Finance Corporation (IFC), the investment arm of the World Bank Group. The funds will be used for expansion and improving customer reach. Northern Arc, which focuses on financial inclusion, plans to raise an additional $75 million from another foreign institution. The company offers microfinance, MSME finance, affordable housing finance, vehicle finance, consumer finance, and agriculture supply chain finance. Its assets under management stood at INR 10,081 crore ($1.34 billion) as of September 2023.

Northern Arc Gets $65 Mn Debt Commitment For Maiden Climate Fund

Inc42 · 1y ago

Northern Arc Gets $65 Mn Debt Commitment For Maiden Climate Fund

Northern Arc, a financial institution based in GIFT City, has secured $65 million in debt commitments. The funds come from the US DFC, contributing $50 million, and Austria's OeEB, contributing $15 million. The climate fund will primarily focus on providing debt financing for solar energy, green buildings, and sustainable agriculture companies. This announcement follows Northern Arc's recent launch of a ₹1,500 crore (approximately $202 million) AIF with a ₹500 crore green shoe option.

Exclusive: Logistics & Distribution Startup Ripplr To Raise $4.7 Mn Debt From Northern Arc

Inc42 · 1y ago

Exclusive: Logistics & Distribution Startup Ripplr To Raise $4.7 Mn Debt From Northern Arc

Bengaluru-based startup Ripplr is raising INR 40 Cr ($4.7 Mn) in debt from IPO-bound Northern Arc. This comes after the company raised INR 6 Cr in debt from venture debt firm Trifecta Capital last month. The funding round is expected to consist of 400 non-convertible debentures (NCDs). Ripplr previously raised $40 Mn in a Series B funding round in May 2020.

Northern Arc set to get another key LP for climate fund

VCCircle

VCCircle · 10m ago

Northern Arc set to get another key LP for climate fund

Northern Arc Capital Ltd, a non-banking finance company, is poised to secure another institutional investor for its inaugural climate-focused debt fund. With a public listing last year, Northern Arc currently manages multiple funds and has backing from international entities such as the International Finance Corporation and several venture capital firms. The addition of a new key Limited Partner reflects its growing appeal in the climate investment landscape.

Education-focused lending startup Propelld raises $25 million debt

Inshorts · 1y ago

Education-focused lending startup Propelld raises $25 million debt

Education-focused lending fintech startup Propelld has raised $25 million in debt for its wholly-owned non-banking financial company (NBFC) Edgro Finance. The debt was led by nine lenders, including Credit Saison India Private Limited, AU Small Finance Bank, InCred Financial Services Limited and Northern Arc Capital Limited. Prior to this, the startup raised $35 million in a Series B round.

IDBI Capital, Northern Arc invest Rs 60 crore in Satin Finserv

Economic Times

Economic Times · 2m ago

IDBI Capital, Northern Arc invest Rs 60 crore in Satin Finserv

IDBI Capital and Northern Arc Capital have jointly invested Rs 60 crore in Satin Finserv, a subsidiary of Satin Creditcare Network. Both parties contributed Rs 30 crore each through listed, secured, and rated non-convertible debentures with a 10.95% annual coupon. The funds will support Satin Finserv's MSME lending and green finance initiatives. The debentures are rated "A- (stable)" by ICRA, reflecting a strong credit profile, with Satin Finserv maintaining a CRAR of 36.83% and a 2.46 debt-to-equity ratio.

Northern Arc Capital's Rs 500 Cr IPO to open on September 16

YourStory

YourStory · 1y ago

Northern Arc Capital's Rs 500 Cr IPO to open on September 16

Non-bank financial institution Northern Arc plans to go public with its Initial Public Offering (IPO) on September 16. The IPO consists of a fresh issue of shares worth Rs 500 crore and an Offer for Sale (OFS) of up to 1.05 crore equity shares by existing shareholders. The Chennai-based company aims to raise funds to meet future capital requirements for lending. Registered with the RBI, Northern Arc is a non-deposit taking NBFC operating in the financial inclusion sector. The IPO was initially planned for July 2021 but was postponed. ICICI Securities, Axis Capital, and Citigroup Global Markets India will manage the book-running.

Exclusive: Edu-fintech company Auxilo raises Rs 225 Cr debt

Entrackr

Entrackr · 11d ago

Exclusive: Edu-fintech company Auxilo raises Rs 225 Cr debt

Exclusive: Edu-fintech company Auxilo raises Rs 225 Cr debt Auxilo, an education-focused non-banking financial company (NBFC), has secured Rs 225 crore (around $25.5 million) in debt funding from Neo Group, Nuvama Wealth, Dezerv, and The South Indian Bank. Earlier this year in February, Motilal Oswal invested Rs 50 crore in Auxilo through a debt round, as exclusively reported by Entrackr. The Auxilo’s board has issued 22,500 non-convertible debentures (NCDs) at a face value of Rs 1,00,000 each to raise the above-mentioned sum, according to its filing with the Registrar of Companies (RoC). Neo Group led the debt round with a Rs 100 crore ($11.36 million) investment, while Nuvama Wealth and Dezerv contributed Rs 50 crore each, and The South Indian Bank added Rs 25 crore. The debentures carry an interest rate of 9.7% per annum with a three-year tenure, while those issued to The South Indian Bank come at a 10% annual interest rate. Founded in 2016, Auxilo provides education loans to students for higher studies in India and abroad and to educational institutes for infrastructure modernization. Its educational loans include all the expenses related to the course, including classroom expenditures, pre-visa approvals, and airfares. For the fiscal year ended March 2025, Auxilo’s operating revenue rose nearly 50% to Rs 528 crore from Rs 357 crore in FY24. During the same period, the company’s profit surged 62% to Rs 112 crore.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

Sept 2025

Your Health, Simplified with Smart Care

An ecosystem for curated creative partnerships

Your Health our Priority.

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Nvidia releases open-source softw ...

Phi Commerce reports Rs 100 Cr re ...

Meta buys AI wearables startup Li ...

Download the medial app to read full posts, comements and news.