About NAKAD
NAKAD is a Technology company based in Gurugram (India) founded in 2022 by Avinash Uttav, Ujwal Kalra, and Sambhav Jain. It operates as a blockchain-based marketplace for supply chain financing solutions is operated. It operates in the Technology and Financial Services sectors. NAKAD has raised $7 million across 1 funding round from investors including Accel, AdvantEdge and Harshil Mathur. The company has 67 employees. NAKAD was last valued at $23.36 million in May 2022. Its chief executive is Ujwal Kalra. Its website nakad.co draws about 12 thousand monthly visits. Its Indian entity Alphastar Technologies Private Limited reported revenue of ₹5.22 Cr. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its competitors include Taulia, Kyriba, Vayana, Veefin and LiquidX and 5 more; 10 of its 10 listed competitors have raised funding.
Company details
NAKAD was founded in 2022 in Gurugram, India, within the blockchain and fintech sectors. A platform is provided to connect businesses with banks and credit institutions for financing purchase orders and tokenized invoices. Users are required to register by adding necessary information. Loan applications are submitted through invoice and purchase order details. Upon approval, funds are transferred directly to registered bank accounts. Operations focus on streamlining supply chain finance processes.
- Headquarters Gurugram, India
- Employees 67
- Founders Avinash Uttav, Ujwal Kalra, Sambhav Jain
- Stage Minicorn
- SectorsTechnologyFinancial Services
- Email••••••••
- Phone•••• ••••
- Website nakad.co
- Social LinkedIn
- Legal Name Alphastar Technologies Private Limited
- Date of Incorporation 11 Nov, 2021
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹5.22 Cr
FY 2025 · +14% YoY
- Net Loss-₹11.59 Cr
FY 2025 · -222% margin
- EBITDA-₹11.22 Cr
FY 2025 · -215% margin
- Total Equity Funding$7M (USD)
in 1 rounds
- Latest Funding Round$7M (USD), Seed
May 2022
- InvestorsAccel
& 66 more
- Employee Count67
Associated legal entities of NAKAD
NAKAD operates through Alphastar Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Alphastar Technologies Private Limited CIN U72900DL2021PTC389698 | Active | 11 Nov 2021 | New Delhi, Delhi | ₹5.2 Cr | 67 | 4 | View details |
Funding Insights of NAKAD
NAKAD has successfully raised a total of $7M through 1 strategic funding round. The most recent funding activity was a Seed round of $7 million completed in May 2022. 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 $7M
- Total Rounds 1
- Last Round Seed — $7M
- First Round $7M
(May 2022)
- Investors Count 67
All 1 funding rounds of NAKAD with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Valuation | Stage |
|---|---|---|
| May 2022 | $23.36M | •••••••• |
Last known valuation $23.36M (May 2022). 67 investors in total: 6 institutional and 61 angel.
Investors in NAKAD
NAKAD has secured backing from 67 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Accel, AdvantEdge and Harshil Mathur.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
Venture capital funding and support for mobility and electric vehicle startups in India. | 2015 | advantedge.vc | Delhi, India | |
Venture capital seed round investment in fintech startup | – | infimomentumventure.tcc.mode | Bengaluru, India | |
Venture capital investment firm | – | z47.com | Bengaluru, India | |
Offers managed IT services, cybersecurity, IT infrastructure, and consulting support. | 2015 | advantage.tech | Charleston, United States | |
Investment bank focused on M&A and capital raising services | – | calabasascapital.com | Calabasas, United States | |
HM Harshil Mathur | Co-founder & CEO of Razorpay, leading fintech innovator, active angel investor | – | unknown_8036a6f10c98406b8 | - |
SK Shashank Kumar | Co-founder of Razorpay, leading fintech innovator, active angel investor | – | unknown_cf5a3acea534406e8 | - |
AA Amrit Acharya | Co-founder & CEO of Zetwerk, active angel investor in Indian startups | – | unknown_344d165d8e694c4e9 | - |
RS Rahul Sharma | - | – | unknown_ffe018b74ef0447a8 | - |
Investor details for NAKAD
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Alphastar Technologies Private Limited (NAKAD)
Alphastar Technologies Private Limited is the primary company behind NAKAD. The board of Alphastar Technologies Private Limited currently have 3 directors; the longest-serving is Sambhav Jain, appointed in 2021. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sambhav Jain DIN 09394927 | Whole-time director | 11 Nov 2021 | 4 yrs 11 mo | Alphastar Technologies Private Limited |
| Ujwal Kalra DIN 07020310 | Managing Director | 11 Nov 2021 | 4 yrs 11 mo | Alphastar Technologies Private Limited |
| Avinash Uttav DIN 09465668 | Whole-time director | 13 Jan 2022 | 4 yrs 9 mo | Alphastar Technologies Private Limited |
People of NAKAD
11 people are tracked at NAKAD (7 in leadership, 4 in team); the tracked headcount is 67.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CTO | Leadership | |
| Co-Founder & CEO | Leadership | |
| Co-Founder & COO | Leadership | |
Raman S. | General Manager - Customer Success | Leadership |
Tahseen Faraz | Head Of Strategic Alliances And Partnerships | Leadership |
Bikash Ranjan Mishra | Founding Team & Head Of Customer Success | Leadership |
Deepak Gola | Regional Sales Head @ Nakad | Leadership |
Arun Yadav | Leadership Team - Sales & Business Development | Team |
Smriti Yadav | Senior Customer Success Manager | Team |
Mohammad Azam Khan | Senior Executive - Customer Success | Team |
Sachin Kumar | Product Manager | Team |
Complete people profiles for NAKAD
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Financials of NAKAD
Figures of Alphastar Technologies Private Limited, the primary company behind NAKAD, for FY 2025. Revenue was ₹5.22 Cr (+14% year on year). Net loss was -₹11.59 Cr (-222% margin). EBITDA was -₹11.22 Cr (-215% margin).
- ₹5.22 CrRevenue · FY 2025 · +14% YoY
- -₹11.59 CrNet loss · -222% margin
- -₹11.22 CrEBITDA · -215% margin
- ₹11.2 LakhPaid-up capital
- 67Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Alphastar Technologies Private Limited are on its company page.
Detailed financial statements for NAKAD
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of NAKAD
3 dated milestones of NAKAD, from founding to its latest funding, stage changes and deals.
- Founded NAKAD is founded.
- Funding First funding round of $7.0M.
- Milestone Reaches Minicorn status.
Competitors of NAKAD
NAKAD has 10 listed competitors in our database, 10 of them funded. They include Taulia, Kyriba, Vayana, Veefin and LiquidX, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| taulia.com | 2009 | San Francisco, United States | $220.46M | 185 | AI-based electronic invoicing and supply chain management solution for businesses | |
| kyriba.com | 2000 | San Diego, United States | $160.68M | 334 | Cloud-based treasury automation and risk management solutions are provided. | |
| vayana.com | 2009 | Pune, India | $91.94M | – | Platform for trade credit and supply chain finance is provided. | |
| veefin.com | 2020 | Mumbai, India | $3M | 25 | SaaS-based supply chain financing solutions are delivered globally. | |
| liquidx.com | 2015 | New York, United States | $65.01M | – | Provider of a blockchain-enabled marketplace for trade finance assets and supply chain financing | |
| birchstreetsystems.com | 2002 | Newport Beach, United States | $2.04M | 75 | Cloud-based procure-to-pay solutions are delivered for business management. | |
| credable.in | 2017 | Mumbai, India | $62M | 113 | Provider of working capital and supply chain finance solutions for businesses | |
| concertiv.com | 2014 | New York, United States | $6.62M | 27 | Web-enabled end-to-end procurement management solutions are provided. | |
| demica.com | 1992 | London, United Kingdom | $55M | 94 | Cloud-based supply chain financing software is provided by Demica. | |
| levelpath.com | 2022 | San Francisco, United States | $99.5M | – | Software solutions for procurement and supply chain management are provided. |
Detailed competitors of NAKAD
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- Full competitor set
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Web traffic of NAKAD
The website of NAKAD (nakad.co) receives about 11.8K visits a month.
- Monthly visits11.8K
▼ 30.8% vs previous month
Top companies in Procurement & Supply Chain IT
10 companies that operate in the same segment as NAKAD (Procurement & Supply Chain IT), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based end-to-end spend management software is delivered for businesses. | 2006 | San Mateo, California, United States | USD 169 M | USD 39.68 M | 3,711 | |
Cloud-based positioning solutions are offered for industrial sectors. | 1978 | Sunnyvale, California, United States | – | USD 3.59 B | 12,100 | |
Zebra Technologies is recognized for providing intelligent operation solutions globally. | 1969 | Lincolnshire, Illinois, United States | – | USD 5.43 B | 9,900 | |
AI and cloud-based supply chain management solutions are provided. | 1985 | Scottsdale, Arizona, United States | USD 800 M | – | – | |
AI and SaaS-based robots for warehouse automation are provided. | 2012 | Roswell, United States | USD 545.23 M | USD 39.76 M | 553 | |
Provider of supply chain financing solutions for small and medium enterprises | 2017 | Mumbai, Maharashtra, India | USD 269.95 M | USD 48.5 M | 1,506 | |
AI-based electronic invoicing and supply chain management solution for businesses | 2009 | San Francisco, California, United States | USD 220.46 M | – | 185 | |
Contract lifecycle management software is developed using AI-powered intelligence. | 2016 | San Carlos, California, United States | USD 154.69 M | – | – | |
AI-powered software for legal contract management is utilized. | 2012 | Lehi, Utah, United States | USD 170.95 M | – | 1,164 | |
Procure-to-pay management software is offered for business operations. | 2017 | San Francisco, California, United States | USD 90.5 M | – | – |
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Related news about Nakad
Complete news archive for NAKAD
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Frequently Asked Questions about NAKAD
NAKAD was founded in 2022.
NAKAD is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Ujwal Kalra is the current CEO of NAKAD. They have also founded this company.
NAKAD is a funded company, having raised a total of $7M across 1 funding round to date. The company's 1st funding round was a Seed of $7M, raised on May 2022.
NAKAD has 67 employees.
The primary company behind NAKAD, Alphastar Technologies Private Limited, reported revenue of ₹5.22 Cr for FY 2025, up 14% year on year.
NAKAD was founded in 2022 in Gurugram, India, within the blockchain and fintech sectors. A platform is provided to connect businesses with banks and credit institutions for financing purchase orders and tokenized invoices. Users are required to register by adding necessary information. Loan applications are submitted through invoice and purchase order details. Upon approval, funds are transferred directly to registered bank accounts. Operations focus on streamlining supply chain finance processes.
NAKAD has 67 investors. Key investors include Accel, AdvantEdge, Harshil Mathur, Shashank Kumar, and Amrit Acharya.
The valuation of NAKAD is $23.36M as of May 2022.
NAKAD operates through Alphastar Technologies Private Limited.
The legal entities of NAKAD currently have 3 directors, including Ujwal Kalra, Sambhav Jain, Avinash Uttav.