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Venture Capital

Niyo Raises USD 35 Mn Led By Horizons Ventures, Tencent | Business Standard News

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Bengaluru-based digital banking start-up NiYO Solutions Tuesday said it has raised USD 35 million (about Rs 240 crore) in funding from Horizons Ventures, Tencent and the existing investor, JS Capital. With the latest infusion (series B), the company has raised a total of US 49 million in funding. The latest round of funding will be used to accelerate the development and rollout of new product offerings and to amplify distribution and marketing, it said in a statement.

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