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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