Page 3 - Elevar Equity News Today

The Bangalore-based fintech company secured the equity funding from a consortium of investors including Elevar Equity, GMO Venture Partners, Rebright Partners, Mitsui Sumitomo Insurance VC and others.

The funds raised will be utilised to enhance Niro’s product offerings, make strategic investments, among other things.

Embedded finance startup Niro has raised $11 Mn in a mix of equity and debt, as part of its Series A funding round.

In July 2022, InCred and KKR announced the conclusion of the strategic merger of InCred Financial Services Limited (InCred Finance) and KKR India Financial Services Limited (KIFS).

This takes the total number of Ola Experience Centers in the capital city to 14. In March this year, the company opened 50 experience centers across different locations in India

Bengaluru-based lending startup Niro has raised Rs 90 crore ($11 million) in a Series A round. The round was a mix of equity ($8.5 million) and debt ($2.5 million). The equity funding was raised from a consortium of investors, including Elevar Equity and GMO Venture Partners, while the debt was funded by InnoVen Capital.

Through the new AIF, homegrown wealth and asset management firm InCred Capital looks to offer risk-adjusted returns to investors through, and become an alternative to debt funds

Through the new AIF, homegrown wealth and asset management firm InCred Capital looks to offer risk-adjusted returns to investors through, and become an alternative to debt funds

Last year, BlueStone raked in $30m from Hero Enterprises at a $410m valuation.

Bike Bazaar has raised an additional $10 Mn in funding from DEG, the investment arm of German state-owned development bank KfW.