The funds will be used to support the growth of the company's lending arm, True Credits Pvt Ltd, and to introduce new loan products in the Indian market.
Following the acquisition, the company will introduce "Zodiac by Nitro," an AI copilot designed to help brands manage and scale their presence across quick commerce platforms such as Blinkit, Zepto and Swiggy Instamart.
The fresh funds will be used by Hi-Q Electronics to expand manufacturing capacity, upgrade technology and strengthen operational capabilities for mission-critical electronics.
The Kalaari Capital report finds women founders in India receive just INR 4 for every INR 100 raised by men, highlighting structural gaps in startup networks and venture funding access.
The funding round was led by Bertelsmann India Investments, with participation from Fireside Ventures, US-based Spark Growth Ventures, Bikaji Family Office, FE Securities and several other family offices.
The funding will support the company's plans to expand its virtual-first healthcare model and scale at-home critical care services across the GCC region.