1248 Angels Wants to Expand Early-Stage Angel Access…With Education, Deal Flow, and Diverse Cap Tables – Hypepotamus
Angels are often a lifeline for fledgling startups looking to get their first investors on their cap table. But for De’Havia…
Tag: flow
Groww, Pine Labs IPOs spark fresh deal flow for fintech startups – The Economic Times
India’s fintech sector is seeing renewed dealmaking momentum after a protracted funding winter and regulatory interventions on unsecured lending. Several…
Zeckathon 5.0: EdTech Startup Cubbes Wins in ₦140 Million Zenith Bank Challenge
Advertisements An educational technology (edtech) startup, Cubbes, has taken home the ₦30 million star prizes at Zeckathon 5.0,…
Indian Startup News on Instagram: “Fintech lending startup Niro has officially shut down operations after raising $20 million in funding, disbursing $200 million in loans, and partnering with 30 companies over 4.5 years. Co-founder and CEO Aditya Kumar shared the update on LinkedIn, expressing surprise at the closure. “As a first-mover that saw scale quickly, I did not see this coming. We had done impossible: hired incredible teams, raised high-quality capital, while convincing large consumer internet platforms and industry-leading lenders to work with us to unlock value at scale,” he wrote. Niro reached $100 million in assets under management (AUM) within 24 months of launch and saw over 170 million users flow through its platform at its peak. However, Kumar cited regulatory pushback on personal lending, capital constraints, and challenges in pivoting business models as key reasons for the shutdown. #business #shutdown #entrepreneur #lending #startups #news #bengaluru #indianstartupnews”
Fintech lending startup Niro has officially shut down operations after raising $20 million in funding, disbursing $200 million in loans,…