Private Equity Social VC Investments
Fintech startup Niro Raises $3.5-M from Elevar Equity, angels
Source Investor Disclosure (opens in a new tab)Entrepreneur India (opens in a new tab)
Niro, a Bangalore-based embedded consumer lending Fintech, has raised USD 3.5 million in a seed round led by impact investor Elevar Equity with participation from angel investors including Kunal Shah, Nitin Gupta, Bala Parthasarathy, the Patni Family Office, R. Ramaraj and Aseem Dhru. The fintech startup aims to democratize access to "embedded credit products" in urban and semi urban India.