New Delhi: Financial services platform Northern Arc on Wednesday said that it secured $80 million in funding from the International Finance Corporation (IFC), a member of the World Bank Group. The investment comprises an equal split of equity and debt, each contributing around $40 million, demonstrating IFC’s confidence in Northern Arc’s scalable and sustainable business model and India’s expanding credit market, the company said. “The investment marks the beginning of a long-term relationship with IFC and other multi-laterals who believe in the India story and Northern Arc playing an instrumental role in India’s growth story through financial inclusion,” Ashish Mehrotra, MD and CEO of Nort
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