Niveda was born to Malayali parents in Cherupuzha,Kannur and brought up in Chennai, Tamil Nadu. She did her schooling at Montfort Higher Secondary School, Chennai. She is currently pursuing architecture at SRM University. She started her career as a child actress with Uthara. After that, she got the role to act as Jayaram's daughter in Veruthe Oru Bharya, where her performance was well appreciated. She then signed a few Tamiland Malayalam films in which she mostly placed supporting roles. Among her Malayalam projects were Chaappa Kurish and Thattathin Marayathu was one of the biggest box-office hit in the history of Malayalam cinema. She acted in the Tamil film, Poraali directed by Samuthirakani. In 2013, she acted in Romans which was very successful and named a "Blockbuster". In the Tamil contemporary fantasy comedy Naveena Saraswathi Sabatham she played the female lead role. She has signed her first Telugu film titled Juliet - Lover of Idiot directed by Ajay Vodhirala. She has been signed to portray Kamal Haasan's eldest daughter in the Tamil remake of Drishyam, titled Papanasam.