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Latest Patni Family News

Elevar Equity leads $3.5 Mn seed round in fintech startup Niro

Oct 13, 2021

Niro, a consumer lending fintech startup, has raised $3.5 million in its seed round led by Elevar Equity. Kunal Shah, Nitin Gupta, Bala Parthasarathy, the Patni Family Office, R. Ramaraj and Aseem Dhru have also joined the round. The proceeds will be used to expand the team and to develop their product offerings, said Niro in a press release. Co-founded by Aditya Kumar and Sankalp Mathur, Niro claims to embed personal credit products into leading consumer internet platforms. The Bengaluru-based startup has been in stealth mode since March, and targets to launch within a month, the founders said. The startup aims to become a provider of competitive and innovative credit products for its consumers. Elevar Equity, which is the lead investor in this round, is a global fund with offices in the US and India. Previously, it had backed startups such as InCred, Gurugram-based Indifi and Sarvagram.

Patni Family Investments

3 Investments

Patni Family has made 3 investments. Their latest investment was in hBits as part of their Seed on October 10, 2021.

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Patni Family Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/5/2021

Seed

hBits

Yes

2

4/29/2020

Seed VC - II

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$99M

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10

8/13/2019

Series C - II

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$99M

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10

Date

10/5/2021

4/29/2020

8/13/2019

Round

Seed

Seed VC - II

Series C - II

Company

hBits

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Amount

$99M

$99M

New?

Yes

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Co-Investors

Sources

2

10

10

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