About BharatNXT
BharatNXT is a company based in Mumbai (India) founded in 2018 by Akshat Birla and Aljo Joseph.. BharatNXT has raised $3.43 million across 6 funding rounds from investors including Keiretsu Forum, Panthera Peak Capital and Spiral Ventures. The company has 22 employees as of March 30, 2024. BharatNXT offers products and services including BharatNXT App, Classic Pay, and Quick Pay. BharatNXT operates in a competitive market with competitors including Stripe, Razorpay, Flutterwave, PayU and Mintoak, among others.
- Headquarter Mumbai, India
- Employees 22 as on 30 Mar, 2024
- Founders Akshat Birla, Aljo Joseph
- Stage Minicorn
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Sectors
Financial Services
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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 Fcap Technologies Private Limited
- Date of Incorporation 12 Nov, 2018
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$1.34 M (USD)4690.72as on Mar 31, 2023
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Net Profit
$-460.02 K (USD)-32.77as on Mar 31, 2023
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EBITDA
$-444.38 K (USD)-10.28as on Mar 31, 2023
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Total Equity Funding
$3.43 M (USD)
in 6 rounds
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Latest Funding Round
$12.16 K (USD), Angel Round
May 15, 2023
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Investors
Keiretsu Forum
& 69 more
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Employee Count
22
as on Mar 30, 2024
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Products & Services of BharatNXT
BharatNXT offers a comprehensive portfolio of products and services, including BharatNXT App, Classic Pay, and Quick Pay. 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.
Mobile app for secure business payments using credit cards.
Service for next-day settlement of business transactions.
Option for same-day fund transfers in business payments.
Funding Insights of BharatNXT
BharatNXT has successfully raised a total of $3.43M across 6 strategic funding rounds. The most recent funding activity was a Angel Round round of $12.16 thousand completed in May 2023. 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 6
- Last Round Angel Round — $12,156
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First Round
First Round
(28 Jun 2019)
- Investors Count 70
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Angel Round - BharatNXT | Valuation | Pankaj Mehta |
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| Mar, 2023 | Amount | Seed - BharatNXT | Valuation | Inflection Point Ventures | |
| Dec, 2022 | Amount | Seed - BharatNXT | Valuation | Spiral Ventures |
| 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 BharatNXT
BharatNXT has secured backing from 70 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Keiretsu Forum, Panthera Peak Capital and Spiral Ventures. 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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Venture capital firm focusing on technology investments in Southeast Asia and India.
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Founded Year | Domain | Location | |
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Investments are made in early-stage tech startups across sectors.
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Founded Year | Domain | Location | |
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Accredited investors are networked for private equity funding opportunities.
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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 BharatNXT
| 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 - BharatNXT
| 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 |
Bharatnxt Comparisons
Competitors of BharatNXT
BharatNXT 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 Stripe, Razorpay, Flutterwave, PayU and Mintoak, 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 |
Payment processing and card issuance solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payment and business banking solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Digital payments and engagement solutions are offered for MSMEs.
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| domain | founded_year | HQ Location |
Digital payments are processed and managed via specialized solutions.
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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 Bharatnxt
Frequently Asked Questions about BharatNXT
When was BharatNXT founded?
BharatNXT was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is BharatNXT located?
BharatNXT is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of BharatNXT?
Akshat Birla is the current CEO of BharatNXT. They have also founded this company.
Is BharatNXT a funded company?
BharatNXT is a funded company, having raised a total of $3.43M across 6 funding rounds to date. The company's 1st funding round was a Seed of $1.09M, raised on Jun 28, 2019.
How many employees does BharatNXT have?
As of Mar 30, 2024, the latest employee count at BharatNXT is 22.
What is the annual revenue of BharatNXT?
Annual revenue of BharatNXT is $1.34M as on Mar 31, 2023.
What does BharatNXT do?
BharatNXT was founded in 2018 in Mumbai, India, within the fintech sector. Compliant payment solutions for B2B transactions are offered, enabling credit card usage for payments to suppliers, GST, rent, utilities, and other business expenses. Rewards and cashback are earned on these payments. The platform operates via applications available on iOS and Android devices.
Who are the top competitors of BharatNXT?
What products or services does BharatNXT offer?
BharatNXT offers BharatNXT App, Classic Pay, and Quick Pay.
Who are BharatNXT's investors?
BharatNXT has 70 investors. Key investors include Keiretsu Forum, Panthera Peak Capital, Spiral Ventures, Helios Holdings LLC, and Singularity Ventures AMC.
What is BharatNXT's valuation?
The valuation of BharatNXT is $5M as of May 2023.