About NearBuy
NearBuy is a company based in Gurugram (India) founded in 2011 by Snehesh Mitra and Ankur Warikoo was acquired by Paytm in December 2017.. NearBuy has raised $20 million across 2 funding rounds from investors including Paytm, BlackSoil and Sequoia Capital. The company has 2 employees as of April 14, 2025. NearBuy offers products and services including nearbuy App and nearbuy Website. NearBuy operates in a competitive market with competitors including Groupon, Magicpin, Little Internet, DealsAndYou and Mydala, among others.
- Headquarter Gurugram, India
- Employees 2 as on 14 Apr, 2025
- Founders Snehesh Mitra, Ankur Warikoo
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Nearbuy India Private Limited
- Date of Incorporation 04 May, 2010
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$945.9 K (USD)-51.64as on Mar 31, 2024
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Net Profit
$-207.39 K (USD)-128.03as on Mar 31, 2024
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EBITDA
$-164.74 K (USD)-29.55as on Mar 31, 2024
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Total Equity Funding
$20 M (USD)
in 2 rounds
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Latest Funding Round
$2.25 M (USD), Debt – Venture
Sep 13, 2016
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Investors
Paytm
& 2 more
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Employee Count
2
as on Apr 14, 2025
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Acquired by
Paytm
(Dec 07, 2017)
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Products & Services of NearBuy
NearBuy offers a comprehensive portfolio of products and services, including nearbuy App and nearbuy Website. 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 searching and buying local deals on activities.
Online platform for purchasing offers on restaurants and wellness.
Unlock access to complete
Funding Insights of NearBuy
NearBuy has successfully raised a total of $20M across 2 strategic funding rounds. The most recent funding activity was a Debt – Venture round of $2.25 million completed in September 2016. 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 2
- Last Round Debt – Venture — $2.2M
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First Round
First Round
(11 Mar 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2016 | Amount | Debt – Venture - NearBuy | Valuation |
investors |
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| Mar, 2015 | Amount | Series A - NearBuy | Valuation |
investors |
| 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 NearBuy
NearBuy has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Paytm, BlackSoil and Sequoia Capital. 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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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Private debt is provided to growth-stage companies by BlackSoil.
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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 |
| 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 NearBuy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - NearBuy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 |
Nearbuy Comparisons
Competitors of NearBuy
NearBuy 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 Groupon, Magicpin, Little Internet, DealsAndYou and Mydala, 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 |
Online marketplace offering deals on multi-category products and services
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| domain | founded_year | HQ Location |
Offers a platform that rewards customers for visiting partner businesses.
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| domain | founded_year | HQ Location |
Hyperlocal deals are aggregated via a mobile app platform.
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| domain | founded_year | HQ Location |
Online shopping platform with local deals
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| domain | founded_year | HQ Location |
Online deals, discounts, and local services are offered to users.
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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 Nearbuy
Frequently Asked Questions about NearBuy
When was NearBuy founded?
NearBuy was founded in 2011 and raised its 1st funding round 4 years after it was founded.
Where is NearBuy located?
NearBuy is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is NearBuy a funded company?
NearBuy is a funded company, having raised a total of $20M across 2 funding rounds to date. The company's 1st funding round was a Series A of $20M, raised on Mar 11, 2015.
How many employees does NearBuy have?
As of Apr 14, 2025, the latest employee count at NearBuy is 2.
What is the annual revenue of NearBuy?
Annual revenue of NearBuy is $945.9K as on Mar 31, 2024.
What does NearBuy do?
NearBuy was founded in 2011 and is based in Gurugram, India. An online platform is operated to provide deals and coupons from local merchants. Group buying options from offline sectors such as restaurants, spas, and leisure activities are aggregated. Services focus on connecting users with nearby offers in the e-commerce and local deals industry.
Who are the top competitors of NearBuy?
NearBuy's top competitors include Groupon, Little Internet and DealsAndYou.
What products or services does NearBuy offer?
NearBuy offers nearbuy App and nearbuy Website.
Who are NearBuy's investors?
NearBuy has 3 investors. Key investors include Paytm, BlackSoil, and Sequoia Capital.