About Near
Near is a company based in Gurugram (India) founded in 2014 was acquired by Paytm in December 2015.. Near has raised $283.28 thousand across 1 funding round from investors including Paytm, Manish Vij and Prashant Tandon. Near offers products and services including Near.in App and Service Booking Platform. Near operates in a competitive market with competitors including OneDios, Bro4u, LocalOye, Lookup and FindYahan, among others.
- Headquarter Gurugram, India
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Sectors
Business Services
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Phone
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Website
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Social
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Products & Services of Near
Near offers a comprehensive portfolio of products and services, including Near.in App and Service Booking Platform. 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 booking hyperlocal services with standardized pricing.
Platform enabling purchase of services like plumbers and events.
Funding Insights of Near
Near has successfully raised a total of $283.28K through 1 strategic funding round. The most recent funding activity was a Angel Round round of $283.28 thousand completed in January 2015. 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 Angel Round — $283,282
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First Round
First Round
(06 Jan 2015)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2015 | Amount | Angel Round - Near | Valuation | Manish Vij , Anupam Mittal |
| 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 Near
Near has secured backing from 9 investors, including angel and institutional investors. Prominent investors backing the company include Paytm, Manish Vij and Prashant Tandon. 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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Digital payments, financial services, and e-commerce platforms are provided.
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Founded Year | Domain | Location | |
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MV
Manish Vij |
Founder of SVG Media, angel investor, digital marketing pioneer
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Founded Year | Domain | Location |
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PT
Prashant Tandon |
Co-founder of 1mg, health-tech pioneer, active angel investor in Indian startups
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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 Near
| 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 - Near
| 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 |
Near Comparisons
Competitors of Near
Near 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 OneDios, Bro4u, LocalOye, Lookup and FindYahan, 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 |
Local services are facilitated through an online marketplace platform.
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| domain | founded_year | HQ Location |
An online marketplace for local services
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| domain | founded_year | HQ Location |
Hosts a digital marketplace for multiple local services.
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| domain | founded_year | HQ Location |
Online marketplace for multiple local services
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| domain | founded_year | HQ Location |
Local services are searched and booked through an online marketplace.
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| domain | founded_year | HQ Location |
Provides an app-based platform for booking various local services.
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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 Near
Frequently Asked Questions about Near
When was Near founded?
Near was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Near located?
Near is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is Near a funded company?
Near is a funded company, having raised a total of $283.28K across 1 funding round to date. The company's 1st funding round was a Angel Round of $283.28K, raised on Jan 06, 2015.
What does Near do?
Near was established in 2014 in Gurugram, India, as an online marketplace in the local services sector. Various services, such as home improvement, maintenance, and beauty treatments, are accessed by users who search by location and complete bookings with online payments. Service professionals are evaluated through user ratings and reviews on the platform.
What products or services does Near offer?
Near offers Near.in App and Service Booking Platform.
Who are Near's investors?
Near has 9 investors. Key investors include Paytm, Manish Vij, Prashant Tandon, Akash Agarwal, and Himanshu Aggarwal.