FORM 4
☐ Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
 OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

SEQUOIA CAPITAL INDIA III LTD.		 2. Issuer Name and Ticker or Trading Symbol

Near Intelligence, Inc. [ NIR ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    __X__ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

EBENE ESPLANADE, 24 BANK STREET,, CYBERCITY		 3. Date of Earliest Transaction (MM/DD/YYYY)

3/31/2023
(Street)

EBENE, O4 		 4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
 6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)        (State)        (Zip)
Rule 10b5-1(c) Transaction Indication
☐ Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)		2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)		8. Price of Derivative Security
(Instr. 5)		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Convertible Debentures  (1)3/31/2023  P   750000     (2) (2)Common Stock  (1) (1)750000 D  
Warrants  (3)3/31/2023  P   18750     (3) (3)Common Stock 18750  (1)18750 D  
Explanation of Responses:
(1) On March 31, 2023, the Reporting Person acquired $750,000 in principal amount of convertible notes (the "Convertible Notes") and penny warrants for the purchase of 18,750 shares of Near Intelligence, Inc.'s (the "Issuer") common stock (the "Common Stock") from the Issuer for a purchase price of $750,000. The Convertible Notes can be converted to Common Stock at a conversion price, subject to customary adjustments, per share of Common Stock equal to the lower of $10.01 and 75% of the average of the daily volume weighted average prices during the 20 trading days immediately preceding the conversion date, provided that the conversion price cannot be lower than $2.06. The Convertible Notes accrue interest at an annual rate of 0.01%. Accrued interest may be added to the principal amount for purposes of determining the number of shares of Common Stock into which the Convertible Notes may be converted.
(2) The Convertible Notes can be converted to Common Stock at the option of the holder at any time beginning on the 181st day following the issuance date and mature 90 days after the final maturity date of the term loans issued pursuant to that certain Financing Agreement, dated November 4, 2022, by and among Issuer certain of its subsidiaries party thereto as guarantors, the lenders party thereto, and Blue Torch Finance LLC.
(3) The warrants have an exercise price of $0.01 and can be exercised at any time at the option of the holder. The warrants expire on March 31, 2027.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
SEQUOIA CAPITAL INDIA III LTD.
EBENE ESPLANADE, 24 BANK STREET,
CYBERCITY
EBENE, O4 
X
Signatures
By: /s/ Satyadeo Bissessur4/4/2023
**Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
Kludeln I Acquisition (NASDAQ:INKA)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Kludeln I Acquisition Charts.
Kludeln I Acquisition (NASDAQ:INKA)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Kludeln I Acquisition Charts.