Niro Calls It Quits: What Happened to the Promising Lending Startup?
In a surprising development, Bengaluru-based lending startup Niro has officially shut down operations, despite raising an impressive $20 million in funding. Founded in 2021 by Aditya Kumar and Sankalp Mathur, Niro made waves in the fintech space by enabling consumer internet companies to offer embedded credit solutions to their…
Raise Financial Services Soars Past $1 Billion Valuation
Raise Financial Services, the parent company of the popular stockbroking platform Dhan, has officially entered India’s unicorn club after securing $120 million in Series B funding.
The latest round was led by Hornbill Capital, with strong participation from MUFG Bank, Beenext, and several family offices and public-market investors…
The PhonePe IPO Just Got More Real — Here’s What They Just Did
In a bold and strategic move ahead of its much-anticipated IPO, PhonePe has added veteran banker Zarin Daruwala to its board of directors, signaling serious intent to bolster leadership and governance before hitting the stock market.
Daruwala, one of India’s most respected banking leaders, is the former CEO of Standard Chartered…
