BusinessPhoto: Mint CompaniesKirloskar-backed Arka NBFC secures ₹525 crore from TPG’s Rise Funds
Arka Fincap Ltd, a Kirloskar Group-promoted NBFC, has signed agreements with TPG’s Rise Funds for an initial ₹525 crore investment, potentially rising by ₹275 crore upon meeting milestones and approvals. The funds will support Arka’s growth, expanding its reach and enhancing technology and risk management. Avendus Capital was the exclusive advisor. TPG highlighted Arka’s role in serving underserved MSMEs and vehicle operators in India.
Mint Companies··Mumbai


