Will the Meta-Manus deal push more Chinese AI startups to Singapore — or shut the door?
Meta’s acquisition of Manus, a Chinese-origin artificial intelligence agent startup, has swiftly turned from celebration to complication. The Chinese government…
Tag: shut
10 African startups that shut down in 2025 – Condia
Africa’s tech ecosystem continued to expand in 2025, but it also faced painful corrections as several startups—many of them well-funded…
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,…