Northern Arc
VC Fund
Chennai, India
Northern Arc is a VC fund in Chennai focused on Financial Services and FinTech. Northern Arc Capital is a non-banking finance company that provides access to debt for under-served investors and businesses. Northern Arc Capita connects originators so that they may deepen their presence and provide access to financial services to millions of under-served households. Northern Arc Capital formerly Known as IFMR Capital.
- Total investments:
- 75
- Last investment:
- Lead investor:
- 49%
- Fund size:
- $7.8M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Northern Arc invests in
Stages Northern Arc invests in
Countries Northern Arc invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Series B
- $14M–$15M
- Debt Financing
- $1.8M–$27M
Investment Focus
Industry
- Financial Services 35 (47%)
- FinTech 20 (27%)
- Finance 14 (19%)
- Lending 7 (9%)
- Agriculture 6 (8%)
Stage
- Debt Financing 56 (75%)
- Series B 3 (4%)
- Series A 1 (1%)
- Series D 1 (1%)
- Funding Round 1 (1%)
Country
- India 59 (79%)
- Singapore 1 (1%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
| COO | Total investments: 14 | Find email | ||
Kshama Fernandes
Chairperson
|
Chairperson | Total investments: 8 | Find email | |
Pardhasaradhi R
Chief Risk Officer
|
Chief Risk Officer | Total investments: 0 | Find email | |
Ashish Mehrotra
MD and CEO
|
MD and CEO | Total investments: 2 | Find email | |
Salil G Nair
Chief Technology & Information Officer
|
Chief Technology & Information Officer | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| SAVE Microfinance is part of the SAVE Group and is primarily focused on providing microfinance to the women entrepreneurs of joint liability groups in rural India. | $4.2M / Debt Financing / Jul 06, 2026 | ||
| True Balance is a digital wallet owned and operated by Balancehero India Private Limited (BHI), that enables users to access utility bill payment, loan recharge, insurance, and other financial products. With 70 million users, True Balance aims to serve India with utility payments financial platform for the unbanked users to serve their money forliving requirements. Affinit is a non-banking financial company (NBFC) licensed by the Reserve Bank of India (RBI), provides digital financial services through TrueBalance.It was launched in 2014 by Mr. Charlie Lee as CEO, an alumnus of the University of Chicago. | $10M / Debt Financing / Mar 09, 2026 | ||
| Satin Finserv is a financial company that provides loan consolidation, working capital, and asset acquisition services. | $6.8M / Debt Financing / Oct 07, 2025 | ||
| We, at Oxyzo, pride ourselves in having a deep understanding of SMEs ' business needs. Aiming to transform small and medium enterprises into large, we offer credit solutions that customized to help SMEs expand their operations, revenue, and consequently their profit margins. This, combined with our low-interest rates, collateral-free creditoptions, and 72 hours loan processing timelines transforms Oxyzo into a leading lending option for SMEs in India.Oxyzo is currently serving 3000+ SMEs across India, disbursing 4000+ crores per annum, and has 1500+ crores as AUM. What makes Oxyzo a Go to option for SMEs?1) Pay As Per Usage: Pay Interest only for the period of the usage of credit lines. No foreclosure charges.2) Minimum Documentation: Loans processed with the requirement of minimum documentation3) Low-Interest Rates: Interest rates as low as 1.5% p.m.4) Custom Credit Solutions: Customised credit options for all SME needs 5) Additional Material Savings: Get Raw material from OfBusiness and save up to 3% on every raw material purchase | $62.4M / Debt Financing / May 19, 2025 | ||
| StashFin is a digital lending venture that offers online applications for personal loans, providing simple and fast approval and disbursal for loans. It was started by a team of former financial services professionals who have more than 40 years of experience in consumer finance and capital markets.It was founded in 2016 and headquartered in NewDelhi. | $9.3M / Debt Financing / May 13, 2025 | ||
| Metafin operates a non banking financial enterprise that provides cleantech focused financing services to retail consumers. They solve the upfront capital constraint by offering flexible financing options and providing access to technology partners, installers, and service providers, enabling clients. | $10M / Series A / Apr 29, 2025 | ||
| Aerem is a fintech company that helps businesses and commercial enterprises harness the power of the sun and reduce electricity costs by up to 70%. The company is dedicated to helping businesses and enterprises adopt clean energy solutions, significantly reducing their electricity costs. Aerem aims to simplify solar adoption for micro, small, andmedium enterprises (MSMEs) and homeowners across India. | Debt Financing / Apr 04, 2025 | ||
| GIVA offers a variety of jewellery crafted from 925 silver, pure gold, and lab‑grown diamonds, including rings, necklaces, bracelets, earrings, anklets, and personalised pieces. The company presents collections tailored to different styles and occasions, ranging from everyday minimalist designs to statement pieces, themed ranges like spiritual ornature-inspired, and gift‑focused assortments. Customers can explore curated selections such as bestsellers, flash sales, and gift store options, and enjoy free shipping along with occasional cashback incentives. GIVA supplements its online catalogue with a mobile app and supports corporate purchases, while its catalogue is available through select retail partners. | $5.7M / Debt Financing / Mar 10, 2025 | ||
| Furlenco is a home furniture subscription program based out of Bangalore. Founded by Ajith Karimpana in 2012, Furlenco was born out of his frustration at finding well-designed, sophisticated, and affordable furniture to rent for his home.Furlenco offers a range of curated home furniture experiences, designed to suit the lifestyle needs of variedaudiences spanning students to families and expatriates. The company's solutions are convenient, cost-effective and offer access to quality furniture with the added advantage of being able to exchange it at will depending on the client's requirements. | $6.9M / Debt Financing / Mar 07, 2025 | ||
| Ecofrost - solar powered, portable cold room based on thermal energy storage, Ecotron - smart controller for irrigation pumps, Eco-Connect - platform that connects farmers growing perishables with organized buyers. Ecofrost helps farmers growing fruits, vegetables, and flowers to radically increase the shelf life of their produce, allowing themto target farther markets and increase their profitability. Ecotron is a leading solar pump solution in India, embedding IoT & efficient motor technology to provide the most efficient irrigation solution for farmers alongwith remote monitoring, diagnostics, and predictive analytics. Ecotron has demonstrated a clear competitive edge in its existing markets by retaining a major market share nationally.Eco-Connect is a market linkage platform for farmers growing perishables, connecting them digitally to potential buyers, including exporters, retailers, and processors. Eco-Connect is unique as a marketplace because of its cold chain integration. | $23M / Debt Financing / Jan 15, 2025 | ||
| See all 75 investments → | |||
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FAQ
What does Northern Arc invest in?
Northern Arc invests primarily in Financial Services, FinTech and Finance startups, most often at Debt Financing and Series B stage. Most of the 75 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Northern Arc's check size?
Northern Arc typically joins rounds of $14M–$15M at Series B and $1.8M–$27M at Debt Financing. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Northern Arc participates in.
How do I contact Northern Arc?
Public channels for Northern Arc include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Northern Arc?
The team at Northern Arc includes Bama Balakrishnan (COO), Kshama Fernandes (Chairperson) and Pardhasaradhi R (Chief Risk Officer). The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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