Fintech startup Niro raised around $20 million from investors but has officially shut down after 4.5 years. The closure comes despite partnerships with several notable investors including Elevar Equity and GMO Venture Partners.
Amount Raised
$20 Million
Round Type
Venture
BengaluruE CommerceFintechAnalyticsInvestors
Description
Niro, a B2B2C platform, has shut its business after raising $20 million. The founder attributed the closure to regulatory pressure and credit deterioration despite the firm's growth to $100 million in assets. Niro had built significant partnerships but failed to sustain operations. The company managed to reach a peak user count of over 170 million within a short span.
Quick answer
Niro raised $20 Million in a funding round, dated October 11, 2025. Investors: Innoven Capital, Mitsui Sumitomo Insurance VC, Rebright Partners, GMO Venture Partners and Elevar Equity. Niro is based in Bengaluru, Karnataka, India.
- How much did Niro raise?
- Niro raised $20 Million in a funding round on October 11, 2025.
- Who invested in Niro?
- Innoven Capital, Mitsui Sumitomo Insurance VC, Rebright Partners, GMO Venture Partners and Elevar Equity are named as investors in this round.
- Where is Niro based and how big is it?
- Niro is based in Bengaluru, Karnataka, India.
Source: Fundz verified event record.
Who else raised in E Commerce and Fintech around the same time
Companies in the same sectors as Niro that raised within 45 days of this round, from Fundz verified event records.
- Omnisient raised $13M (Series A) on November 25, 2025.
- Pibit.AI raised $7M (Series A) on November 20, 2025.
- SahmAlgo raised $1M (Seed) on November 19, 2025.
- LendingPoint raised an undisclosed amount (Funding Round) on November 15, 2025.
- Beeline Holdings raised $7.4M (Post-IPO Equity) on November 12, 2025.
- HabitFactory raised $28M (Series D) on October 24, 2025.
Who to call at Niro, and when
A new round usually means Niro is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Niro raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Niro, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Niro. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment Niro raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Niro raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.