About Niivo
Niivo was a Financial Services company based in Mumbai (India) founded in 2018. It operates an online platform specializing in mutual fund investments for individual users. It operates on a B2C model. The company is recorded as dissolved. Its focus areas include Investment, Asset Management and Mutual Funds. Its legal entity in India is Claro Technologies Private Limited (U74999MH2017PTC292658). Its competitors include Scripbox, FundsIndia and Kuvera; 3 of its 3 listed competitors have raised funding.
Company details
Niivo operates an online platform specializing in mutual fund investments for individual users through offering financial products and advice, managing investments, managing assets, and managing mutual funds. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field.
- Headquarters Mumbai, India
- SectorsFinancial Services
- Website niivo.in
- Social Facebook
- Legal Name Claro Technologies Private Limited
- Date of Incorporation 20 Mar, 2017
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹56,012
FY 2021 · -71% YoY
- Net Loss-₹34.5 Lakh
FY 2021 · -6156% margin
- EBITDA-₹34.5 Lakh
FY 2021 · -6156% margin
Associated legal entities of Niivo
Niivo operates through Claro Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Claro Technologies Private Limited CIN U74999MH2017PTC292658 | Active | 20 Mar 2017 | Mumbai, Maharashtra | ₹0.0 Cr | 2 | View details |
Board of directors of Claro Technologies Private Limited (Niivo)
Claro Technologies Private Limited is the primary company behind Niivo. The board of Claro Technologies Private Limited currently have 2 directors; the longest-serving is Vinita Rai, appointed in 2021. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vinita Rai DIN 09231106 | Additional Director | 08 Jul 2021 | 5 yrs 3 mo | Claro Technologies Private Limited |
| Anand Sabharwal DIN 06382527 | Director | 22 Oct 2024 | 2 yrs | Claro Technologies Private Limited |
Financials of Niivo
Figures of Claro Technologies Private Limited, the primary company behind Niivo, for FY 2021. Revenue was ₹56,012 (-71% year on year). Net loss was -₹34.5 Lakh (-6156% margin). EBITDA was -₹34.5 Lakh (-6156% margin). Revenue has grown at a compounded annual rate of +3% over three years.
- ₹56,012Revenue · FY 2021 · -71% YoY
- -₹34.5 LakhNet loss · -6156% margin
- -₹34.5 LakhEBITDA · -6156% margin
- ₹41 LakhPaid-up capital
- +3%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Claro Technologies Private Limited are on its company page.
Detailed financial statements for Niivo
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Verified entity values are shown only after access is granted.
Competitors of Niivo
Niivo has 3 listed competitors in our database, 3 of them funded. They include Scripbox, FundsIndia and Kuvera.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| scripbox.com | 2012 | Bengaluru, India | $83.98M | 398 | Platform offering mutual fund investments, financial planning, and wealth growth services | |
| fundsindia.com | 2008 | Chennai, India | $16.64M | 881 | Online investment platform for mutual funds and other financial products | |
| kuvera.in | 2016 | Bengaluru, India | $10.11M | 82 | Mutual fund portfolios are created via an app-based investment platform. |
Detailed competitors of Niivo
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- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Top companies in Asset Management
3 companies that operate in the same segment as Niivo (Asset Management) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provides mutual funds management and financial advisory services. | 1987 | Mumbai, Maharashtra, India | ||||
Mutual funds, portfolio management, and retirement planning services are offered. | 2001 | Mumbai, Maharashtra, India | USD 142.4 M | USD 180.76 M | 1,840 | |
Online platform for stock trading, mutual funds, and investment tools. | 1994 | Mumbai, Maharashtra, India |
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Frequently Asked Questions about Niivo
Niivo was founded in 2018.
Niivo is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
The primary company behind Niivo, Claro Technologies Private Limited, reported revenue of ₹56,012 for FY 2021, down 71% year on year.
Niivo operates an online platform specializing in mutual fund investments for individual users through offering financial products and advice, managing investments, managing assets, and managing mutual funds. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field.
Niivo's top competitors include Scripbox, FundsIndia and Kuvera.
Niivo operates through Claro Technologies Private Limited.
The legal entities of Niivo currently have 2 directors, including Vinita Rai, Anand Sabharwal.