Embedded finance startup Niro bags $11 Mn to help B2C startups bulid loan products
Image Credit: elevarequity
Embedded finance startup Niro has raised $11 Mn (INR 90 Cr), in a mix of equity and debt, as part of its Series A funding round. While the startup raised $8.5 Mn via equity funding, the remaining $2.5 Mn was secured through venture debt from Innoven Capital. The equity fundraise saw participation from a consortium of institutional investors such as Elevar Equity, GMO Venture Partners, Rebright Partners, and Mitsui Sumitomo Insurance VC, among others.