Company Intelligence Profile
Shuhari Tech Ventures Private Limited
NIRA is a Bengaluru-based digital lending marketplace (not itself an NBFC) that connects borrowers - primarily India's blue- and grey-collar "Working India" segment - with small-ticket personal loans (up to ~Rs 1 lakh, tenure up to 12 months, rates from ~2%/month) sanctioned and disbursed by RBI-registered NBFC/bank p…
Last updated 17 August 2026
NIRA, operated by Shuhari Tech Ventures Private Limited, is a digital lending marketplace in Bengaluru that connects India's blue- and grey-collar workers with small personal loans through RBI-registered NBFC or bank partners. The company facilitated over $200 million in loans across 5,000+ locations and was acquired in July 2025 by US fintech Empower Finance Inc. It reported Rs 23.94 Cr in revenue for FY2025, a decline of approximately 53% year-on-year.
Compiled from MCA filings and other public records. Figures may lag the latest filing; verify against the detailed sections below.
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Company Identity
| Registered name | Shuhari Tech Ventures Private Limited |
|---|---|
| CIN | U93090KA2017PTC101406 |
| PAN | AAYCS3387F |
| Status | Active |
| Listing | Not listed (private limited company) |
| Incorporated | 16 March 2017 |
| ROC | RoC Bangalore |
| Sector (NIC) |
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| Registered address |
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| Authorized capital | Rs 11.73 Lakh |
| Paid-up capital | Rs 2.64 Lakh |
Business Overview
- NIRA is a Bengaluru-based digital lending marketplace (not itself an NBFC) that connects borrowers - primarily India's blue- and grey-collar "Working India" segment - with small-ticket personal loans (up to ~Rs 1 lakh, tenure up to 12 months, rates from ~2%/month) sanctioned and disbursed by RBI-registered NBFC/bank partners via the NIRA app
- Founded by Nupur Gupta and Rohit Sen (incorporated 2017, product launch commonly dated 2018); has cumulatively facilitated over $200 million in personal loans across 5,000+ locations
- In July 2025, NIRA was acquired by US fintech Empower Finance Inc. (which serves 5M+ customers across the US, Mexico and the Philippines) to expand Empower's footprint in India, combining Empower's tech/credit stack with NIRA's local distribution — deal terms undisclosed
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Nupur Gupta | 07677870 | Director | 16 Mar 2017 |
GST Registrations
| GSTIN | State | PAN | Status |
|---|---|---|---|
| 29AAYCS3387F1ZI | Karnataka | AAYCS3387F (source: Tofler; consistent with GSTIN 29AAYCS3387F1ZI PAN segment) | Active |
Primary GSTIN: 29AAYCS3387F1ZI (Karnataka), registered 12 October 2017, Regular taxpayer, Private Limited Company category. PAN embedded in GSTIN (AAYCS3387F) matches the PAN reported by Tofler for the CIN. Only one GST registration (Karnataka/home state) was found in public sources; no evidence of additional state registrations was located, though absence of evidence is not confirmation of absence. Status shown as active at time of check. (Sources: MastersIndia-derived listing, IndiaFilings-derived listing - single-source corroboration only, so treated as partial confidence.)
Financials
- Revenue Rs 23.94 Cr, down ~53% YoY. EBITDA and PAT: not obtained (paywalled/locked on aggregator reports). Net worth: not obtained in absolute terms; figures appear to be standalone/entity-level filings
Funding
- Approx. $9.13 million raised across 8 rounds from 65+ investors
- Named investors: Techstars, JB Ventures, Collective Ventures GmbH, John Street Capital, Nicholas Pension Fund, and (in a Pre-Series A2 round of ~Rs 18.68 Cr / ~$2.5M led by JB Ventures) additional participants Fahim Rashid and Toby Chapman
- Latest disclosed tranche: $1.13M on 6 Feb 2024
- An older/superseded figure from an Inc42-style aggregation cites $6.69M across 5 rounds - likely stale relative to the more recent $9.13M/8-round figure; flagged as a source conflict
- Company reached Series-A stage before its July 2025 acquisition by Empower Finance Inc. Two names surfaced in one query response (Prime Venture Partners, Accion) could not be independently corroborated as actual investors (the response appeared to be echoing search terms rather than confirmed results) and are therefore NOT included as confirmed investors
Charges / Loans
- One open charge on record: The Hongkong and Shanghai Banking Corporation Limited (HSBC), created/modified 11 March 2025
- Exact charge amount is disputed between sources; treat the amount as unconfirmed
- No other charges were found in the sources checked
Competitors
- Indian digital/instant personal-loan apps operating in an adjacent or overlapping segment: KreditBee (larger scale, broader consumer base), Fibe/EarlySalary (larger, salaried-professional focus), CASHe (comparable/salaried focus), mPokket (similar small-ticket, blue/grey-collar and student segment), MoneyTap, LazyPay, PaySense, Moneyview
- NIRA's specific niche is small-ticket (up to Rs 1 lakh) loans for blue- and grey-collar "Working India" borrowers, a segment it shares most closely with mPokket and (at a smaller scale) some KreditBee cohorts
- KreditBee and Fibe are generally larger-scale platforms by loan book and funding raised
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