# Shuhari Tech Ventures Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shuhari-tech-ventures-private

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.nirafinance.com
- Total disclosed funding: $1M
- Latest round: Seed (Jan 2, 2021)
- Investors on record: 1

## About

Shuhari Tech Ventures Private Limited operates a digital platform that facilitates personal loan transactions between borrowers and financial institutions in India, focusing on user-friendly access to credit.Founded in 2017 and headquartered in Bangalore, India, Shuhari Tech Ventures Private Limited specializes in digital lending solutions. The company has completed a total of 4 deals, with its most recent financing occurring on January 2, 2021, when it raised INR 73.78 million in a Seed round led by Techstars. Co-founded by Bruna Nishi, Nupur Gupta, and Rohit Sen, the company leverages the expertise of its CEO, Rohit Sen, in the financial technology sector.Shuhari Tech Ventures operates the NIRA platform, connecting borrowers with personal loan providers, including non-banking financial companies (NBFCs) and banks registered with the Reserve Bank of India (RBI). The platform allows users to apply for personal loans through its mobile application, which has over 10 million downloads and a presence in more than 5,000 locations across India. Key offerings include competitive interest rates starting at 2% per month and flexible repayment options extending up to 12 months.In 2023, Shuhari Tech Ventures reported a revenue of INR 3,731,515.80 and an EBITDA of -INR 1,050,641.60. The company's revenue primarily stems from the interest earned on personal loans facilitated through its NIRA app, which emphasizes a streamlined user experience and partnerships with various financial institutions.Following its INR 73.78 million Seed funding round in January 2021, Shuhari Tech Ventures is focused on enhancing its digital platform and expanding its reach in the Indian market. The funding will support the development of new financial products designed to meet diverse customer needs. Additionally, the company aims to explore opportunities for geographic expansion beyond its current markets within India to further enhance its service offerings.

## Funding rounds

- Seed, Jan 2, 2021, $1M — Techstars

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Seed