Niyo receives Rs 45 CR from its parent entity; valuation reaches Rs 1020 Cr
Megha Jain
Content Head
Image Credit: shortpedia
Neo-banking startup Niyo has received Rs 44.9 crore from its US-based parent entity, Niyo Solutions Inc. The Bengaluru-based company has allotted 154,820 equity shares at an issue price of Rs 2900 per share to its parent entity to receive the amount, shows regulatory filings. In its last external round, Niyo had secured a $35 million worth Series B funding round in July 2019 from Tencent, Horizons Ventures, and JS Capital.
