About Anar
Anar is a company based in Mumbai (India) founded in 2019 by Nishank Jain and Sanjay Ganapati Bhat.. Anar has raised $6.46 million across 3 funding rounds from investors including Accel, Wellfound and First Cheque. The company has 22 employees as of April 03, 2024. Anar offers products and services including Anar Business App. Anar operates in a competitive market with competitors including IndiaMART, Moglix, Udaan, Solv and ProcMart, among others.
- Headquarter Mumbai, India
- Employees 22 as on 03 Apr, 2024
- Founders Nishank Jain, Sanjay Ganapati Bhat
- Stage Minicorn
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Anar App Private Limited
- Date of Incorporation 23 Apr, 2019
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$172.22 K (USD)209.43as on Mar 31, 2023
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Net Profit
$-2.08 M (USD)-123.19as on Mar 31, 2023
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EBITDA
$-2.24 M (USD)-127.48as on Mar 31, 2023
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Total Equity Funding
$6.46 M (USD)
in 3 rounds
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Latest Funding Round
$6.21 M (USD), Seed
Sep 15, 2021
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Investors
Accel
& 41 more
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Employee Count
22
as on Apr 03, 2024
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Products & Services of Anar
Anar offers a comprehensive portfolio of products and services, including Anar Business App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for connecting SMBs and managing enquiries and products
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Funding Insights of Anar
Anar has successfully raised a total of $6.46M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $6.21 million completed in September 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $6.2M
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First Round
First Round
(01 Oct 2020)
- Investors Count 42
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Seed - Anar | Valuation | Elevation Capital , Accel | |
| Mar, 2021 | Amount | Seed - Anar | Valuation | Titan Capital | |
| Oct, 2020 | Amount | Seed - Anar | Valuation | Kunal Bahl , Rohit Bansal |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Anar
Anar has secured backing from 42 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Accel, Wellfound and First Cheque. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Elevation Capital is focused on early-stage tech investments in India.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Early-stage investment and support services for startups in technology and e-commerce sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Anar
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Anar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Anar Comparisons
Competitors of Anar
Anar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as IndiaMART, Moglix, Udaan, Solv and ProcMart, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online B2B marketplace connecting buyers and suppliers of diverse industrial products
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| domain | founded_year | HQ Location |
Multi-category products are supplied via a B2B marketplace platform.
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| domain | founded_year | HQ Location |
Online marketplace offering multi-category products
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| domain | founded_year | HQ Location |
A B2B e-commerce platform is operated for MSMEs in India.
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| domain | founded_year | HQ Location |
Online platform offering procurement and supply chain solutions
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| domain | founded_year | HQ Location |
Multi-category products are facilitated via a B2B marketplace platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Anar
Frequently Asked Questions about Anar
When was Anar founded?
Anar was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Anar located?
Anar is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Anar?
Nishank Jain is the current CEO of Anar. They have also founded this company.
Is Anar a funded company?
Anar is a funded company, having raised a total of $6.46M across 3 funding rounds to date. The company's 1st funding round was a Seed of $257.8K, raised on Oct 01, 2020.
How many employees does Anar have?
As of Apr 03, 2024, the latest employee count at Anar is 22.
What is the annual revenue of Anar?
Annual revenue of Anar is $172.22K as on Mar 31, 2023.
What does Anar do?
Anar was founded in 2019 in Mumbai, India, as a provider of a B2B marketplace platform. Solutions are extended to sectors including gems and jewelry, clothing and textiles, hardware, paints, and plumbing. An Android mobile application enables wholesalers, distributors, and manufacturers to post product catalogs and process orders from buyers, retailers, and shop owners. Operations focus on facilitating wholesale transactions in these industries.
What products or services does Anar offer?
Anar offers Anar Business App.
Who are Anar's investors?
Anar has 42 investors. Key investors include Accel, Wellfound, First Cheque, Upsparks Capital, and angel.co.
What is Anar's valuation?
The valuation of Anar is $23.48M as of Sep 2021.
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