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.
App for connecting SMBs and managing enquiries and products
People of Anar
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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.
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.
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Elevation Capital is focused on early-stage tech investments in India.
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Accel is recognized as a leading venture capital firm.
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Early-stage investment and support services for startups in technology and e-commerce sectors.
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Investor details for Anar
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Investments & Acquisitions by Anar
Investment portfolio details for Anar
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Financial Statements - Anar
Detailed financials for Anar
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Anar Comparisons
Peer comparison for Anar
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online B2B marketplace connecting buyers and suppliers of diverse industrial products
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Multi-category products are supplied via a B2B marketplace platform.
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Online marketplace offering multi-category products
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A B2B e-commerce platform is operated for MSMEs in India.
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Online platform offering procurement and supply chain solutions
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Multi-category products are facilitated via a B2B marketplace platform.
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Detailed competitors of Anar
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Latest news on Anar
Complete news archive for Anar
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Frequently Asked Questions about Anar
Anar was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Anar is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Nishank Jain is the current CEO of Anar. They have also founded this company.
Anar is a funded company, having raised a total of $6.46M across 3 funding rounds to date.
As of Apr 03, 2024, the latest employee count at Anar is 22.
Annual revenue of Anar is $172.22K as on Mar 31, 2023.
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.
Anar offers Anar Business App.
Anar has 42 investors. Key investors include Accel, Wellfound, First Cheque, Upsparks Capital, and angel.co.
The valuation of Anar is $23.48M as of Sep 2021.