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MobiKwik has officially secured RBI registration for its new NBFC unit. The fintech aims to disburse ₹5,000 crore via an asset-light co-lending model over four years. This marks a major pivot from mere credit distribution to origination.
TPG’s The Rise Funds will inject an initial ₹525 crore into Kirloskar-backed Arka Fincap. The deal, which may eventually reach ₹800 crore, specifically aims to expand secured retail lending. Kirloskar Oil Engines retains majority control.
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