About NAKAD
NAKAD is a company based in Gurugram (India) founded in 2022 by Avinash Uttav, Ujwal Kalra, and Sambhav Jain. NAKAD has raised $7 million across 1 funding round from investors including Accel, AdvantEdge and Harshil Mathur. The company has 67 employees as of June 03, 2025. NAKAD operates in a competitive market with competitors including Taulia, Kyriba, Vayana, Veefin and LiquidX, among others.
- Headquarter Gurugram, India
- Employees 67 as on 03 Jun, 2025
- Founders Avinash Uttav, Ujwal Kalra, Sambhav Jain
- Stage Minicorn
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Sectors
TechnologyFinancial 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 Alphastar Technologies Private Limited
- Date of Incorporation 11 Nov, 2021
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$536.48 K (USD)108.99as on Mar 31, 2024
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Net Profit
-$584.21 K (USD)-186.26as on Mar 31, 2024
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EBITDA
-$1.01 M (USD)-126.68as on Mar 31, 2024
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Total Equity Funding
$7 M (USD)
in 1 rounds
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Latest Funding Round
$7 M (USD), Seed
May 25, 2022
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Investors
Accel
& 66 more
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Employee Count
67
as on Jun 03, 2025
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People of NAKAD
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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 Total Funding
- Total Rounds 1
- Last Round Seed — $7.0M
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First Round
First Round
(25 May 2022)
- Investors Count 67
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 |
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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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Venture capital funding and support for mobility and electric vehicle startups in India.
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Founded Year | Domain | Location | |
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Venture capital seed round investment in fintech startup
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Founded Year | Domain | Location |
Investments & Acquisitions by NAKAD
Financial Statements - NAKAD
Nakad Comparisons
Competitors of NAKAD
NAKAD 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 Taulia, Kyriba, Vayana, Veefin and LiquidX, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based electronic invoicing and supply chain management solution for businesses
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| domain | founded_year | HQ Location |
Cloud-based treasury automation and risk management solutions are provided.
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| domain | founded_year | HQ Location |
Platform for trade credit and supply chain finance is provided.
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| domain | founded_year | HQ Location |
SaaS-based supply chain financing solutions are delivered globally.
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| domain | founded_year | HQ Location |
Provider of a blockchain-enabled marketplace for trade finance assets and supply chain financing
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| domain | founded_year | HQ Location |
Cloud-based procure-to-pay solutions are delivered for business management.
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Latest news on Nakad
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 25, 2022.
As of Jun 03, 2025, the latest employee count at NAKAD is 67.
Annual revenue of NAKAD is $536.48K as on Mar 31, 2024.
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.