India’s leading Fintech player named udaanCapital has a partnership with Northern Arc Capital Limited and facilitated loan disbursal loans for over 50 000 Kirana shops and small retailers. udaanCapital enables such retailers to purchase from their stores with a wide array of suppliers with the udaan platform.

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“Our mission has been to empower and drive Kirana e-commerce by providing formal credit to the small retailers of our country. We have always believed that the right solution to closing the working capital gap in small retailers lies in taking a trade-centric view to risk management – and just as importantly, helping our lender partners take a similar view,” said Chaitanya Adapa, Head udaanCapital.

“In Northern Arc, we found a like-minded partner who shared our vision and came on board at a very early stage. I am thrilled to see our partnership hit this milestone of putting productive capital in the hands of 50,000 small businesses.”

“At Northern Arc, we aim to be pioneers in finding innovative solutions to enable finance for MSMEs and the next billion households. We do this directly and through exciting partners like udaan,” said Ashish Mehrotra, MD and CEO, Northern Arc Capital.

“We are delighted to have joined forces with udaanCapital since their early days and meeting the credit needs of over 50,000 kirana stores across the country.”