Fundz

Fintech Niro in talks for pre-Series B funding, eyes valuation bump

PRIVATEFeb 27, 2024

Round Type

Series B

BengaluruE CommerceFintechAnalytics

Investors

Gmo VenturesElevar Equity

Description

Fintech Niro is in advanced talks to secure pre-Series B funding at a sharply higher valuation than before.

Quick answer

Niro raised an undisclosed amount in a Series B round, dated February 27, 2024. Investors: Gmo Ventures and Elevar Equity. Niro is based in Bengaluru, Karnataka, India.

How much did Niro raise?
Niro raised an undisclosed amount in a Series B round on February 27, 2024.
Who invested in Niro?
Gmo Ventures 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.

  • Monkee raised an undisclosed amount on April 10, 2024.
  • Innoviti raised $5.2M (Series E) on April 1, 2024.
  • Innoviti raised $5.2M (Series E) on April 1, 2024.
  • Ahlan App raised $3M (Seed) on March 27, 2024.
  • Uzum raised $114M (Series A) on March 26, 2024.
  • Marmalade raised $16M (Series A) on March 22, 2024.

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

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Company Information

Company

Niro

Location

Bengaluru, Karnataka, India

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Niro raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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