About NearGroup
NearGroup is a company based in San Mateo (United States) founded in 2015.. NearGroup has raised $1.6 million across 3 funding rounds from investors including Facebook, OpenOcean and Neotribe. NearGroup operates in a competitive market with competitors including Tinder, Aisle, flutrr, Public Next and Woo, among others.
- Headquarter San Mateo, United States
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Sectors
Media & EntertainmentConsumer
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Neargroup Services Private Limited
- Date of Incorporation 08 Sep, 2017
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$134.05 K (USD)10as on Mar 31, 2020
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Net Profit
$10.02 K (USD)1.44as on Mar 31, 2020
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EBITDA
$17.17 K (USD)24.27as on Mar 31, 2020
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Total Equity Funding
$1.6 M (USD)
in 3 rounds
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Latest Funding Round
$1.6 M (USD), Seed
Oct 05, 2017
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Investors
Facebook
& 3 more
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Employee Count
Employee Count
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Funding Insights of NearGroup
NearGroup has successfully raised a total of $1.6M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.6 million completed in October 2017. 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 3
- Last Round Seed — $1.6M
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First Round
First Round
(13 Feb 2017)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2017 | Amount | Seed - NearGroup | Valuation | OpenOcean | |
| Apr, 2017 | Amount | Seed - NearGroup | Valuation |
investors |
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| Feb, 2017 | Amount | Grant - NearGroup | 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 NearGroup
NearGroup has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Facebook, OpenOcean and Neotribe. 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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Multiple sectors are invested in by OpenOcean venture capital fund.
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Founded Year | Domain | Location | |
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Venture capital firm focused on tech sectors
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Founded Year | Domain | Location | |
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Investing in Deep Tech and emerging technologies for 12 years.
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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 NearGroup
| 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 - NearGroup
| 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 |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Neargroup Comparisons
Competitors of NearGroup
NearGroup 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 Tinder, Aisle, flutrr, Public Next and Woo, 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 |
Proximity-based online dating and matchmaking are facilitated through mobile swiping.
|
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| domain | founded_year | HQ Location |
South Asian singles are matched through a mobile dating app.
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| domain | founded_year | HQ Location |
Provider of content sharing and online dating platform
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| domain | founded_year | HQ Location |
Kannada-language online news and information are provided across categories.
|
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| domain | founded_year | HQ Location |
Anonymous profiles for job preferences are created by 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 Neargroup
Frequently Asked Questions about NearGroup
When was NearGroup founded?
NearGroup was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is NearGroup located?
NearGroup is headquartered in San Mateo, United States. It is registered at San Mateo, California, United States.
Is NearGroup a funded company?
NearGroup is a funded company, having raised a total of $1.6M across 3 funding rounds to date. The company's 1st funding round was a Grant of $40K, raised on Feb 13, 2017.
What is the annual revenue of NearGroup?
Annual revenue of NearGroup is $134.05K as on Mar 31, 2020.
What does NearGroup do?
NearGroup was founded in 2015 in San Mateo, United States, within the social networking sector. A hyperlocal application for proximity-based dating and connections is offered, enabling users to install it or integrate with messengers. Nearby members are linked based on location data, with artificial intelligence employed for automation and matching processes. Operations focus on location-driven interactions across the United States.
Who are the top competitors of NearGroup?
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