Fintech Startup Niro Disperses Rs 500 Cr Loans in Its Initial 20 Months

  • E-commerce enabler Niro reaches Rs 500 crore in loan disbursements within first 20 months of operation.
  • The firm’s loan offerings range from Rs 50,000 to Rs 7 lakh over a tenure of 6 to 72 months, with a NPA under 1.2%.
  • Despite a Rs 7.9 crore loss in FY22, Niro projects it ended FY23 with revenue of Rs 50 crore, and currently has no plans for further fundraising.
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