FundingFinancial Services
Arka Fincap gets ₹525 crore from TPG's Rise Funds
By Abha Lohia · Editor ·
Strategic investmentMumbaiFounded 2018
- Arka Fincap is a Kirloskar-backed non-bank lender that gives secured loans to retail customers, with about ₹8,000 crore in assets across ten states
- It signed final agreements with The Rise Funds, TPG's impact investing arm, for an opening investment of ₹525 crore
- A further ₹275 crore can follow in a second tranche if business milestones and regulatory approvals are met, funding branch growth and technology
What happened
- Arka Fincap signed definitive agreements with The Rise Funds.
- The first investment is ₹525 crore.
- Another ₹275 crore may come later in a second tranche.
- The money will fund wider reach and better technology.
- Arka runs 146 branches in ten states.
Why it matters
- Fresh capital helps Arka grow its secured retail lending book.
- It adds a global investor alongside its Kirloskar promoter.
- Better risk systems matter for a lender at this size.
The business
- Arka Fincap is a non-banking finance company (NBFC, a lender that is not a bank).
- It focuses on secured retail loans.
- It is promoted by the Kirloskar Group.
- Assets under management are about ₹8,000 crore.
- It operates 146 branches across ten states.
Who put in money
- The Rise Funds Lead investor — Impact investing arm of TPG
In numbers
₹8,000 CrAssets under management · 2026
146Branches · 2026
What happens next
- Second tranche of ₹275 crore depends on milestones and approvals.
Words to know
- Tranche
- One instalment of a larger investment
The numbers around it
Financial Services in November 2026: 4 rounds with a disclosed amount, $166 million in all; the biggest was OnEMI (₹832 Cr). Every sector this year →
Terms in this story
- Strategic investor: A financial investor, such as a venture capital fund, backs a startup mainly to earn a return when it sells its shares. A strategic investor is usually an operating company that also wants a business benefit, such as access to a product, customers or technology. Their aims, and often their terms, differ.
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