About Nearify
Nearify is a Technology company based in Gurugram (India) founded in 2012. Local and international events are discovered via a location-based platform. Nearify has raised $312.62 thousand across 2 funding rounds from investors including India Quotient, Seedfund and Bedrock Ventures. Nearify was last valued at $1.44 million in December 2015. Its Indian entity Novelroots Internet Private Limited reported revenue of ₹2.5 Lakh. Its focus areas include Enterprise Applications, Events Tech, Planning and Organizer Tools.
Company details
Nearify was established in 2012 in Gurugram, India, as a technology platform in the events sector. Users are enabled to locate and list various gatherings, including music festivals, concerts, meetups, conferences, social events, sports activities, fundraisers, Broadway shows, and movies. Operations focus on nearby or global localities through the domain nearify.com, facilitating event discovery based on user location.
- Headquarters Gurugram, India
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website nearify.com
- Social LinkedIn X Facebook
- Legal Name Novelroots Internet Private Limited
- Date of Incorporation 14 Dec, 2012
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹2.5 Lakh
FY 2022 · -36% YoY
- Net Loss-₹2.5 Lakh
FY 2022 · -101% margin
- EBITDA-₹4.6 Lakh
FY 2022 · -186% margin
- Total Equity Funding$312.62K (USD)
in 2 rounds
- Latest Funding Round$75.25K (USD), Seed
Dec 2015
- InvestorsIndia Quotient
& 2 more
Associated legal entities of Nearify
Nearify operates through Novelroots Internet Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Novelroots Internet Private Limited CIN U72200DL2012PTC246230 | Active | 14 Dec 2012 | New Delhi, Delhi | ₹0.0 Cr | 3 | View details |
Funding Insights of Nearify
Nearify has successfully raised a total of $312.62K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $75.25 thousand completed in December 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 $312,624
- Total Rounds 2
- Last Round Seed — $75,248
- First Round $237,376
(Jan 2014)
- Investors Count 3
All 2 funding rounds of Nearify with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Valuation | Stage |
|---|---|---|
| Dec 2015 | $1.44M | •••••••• |
Last known valuation $1.44M (Dec 2015). 3 investors in total: 3 institutional.
Investors in Nearify
Nearify has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include India Quotient, Seedfund and Bedrock Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital funding and support for Indian startups. | 2006 | seedfund.in | Mumbai, India | |
Investment in Indian startups across technology and fintech sectors. | 2012 | indiaquotient.in | Mumbai, India | |
Early-stage startups are invested in by sector-agnostic VC fund. | bedrockventures.in | Noida, India |
Investor details for Nearify
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Novelroots Internet Private Limited (Nearify)
Novelroots Internet Private Limited is the primary company behind Nearify. The board of Novelroots Internet Private Limited currently have 3 directors; the longest-serving is Vivek Bihani, appointed in 2014. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vivek Bihani DIN 00014296 | Nominee Director | 01 Mar 2014 | 12 yrs 7 mo | Novelroots Internet Private Limited |
| Shailesh Vickram Singh DIN 01908286 | Nominee Director | 01 Mar 2014 | 12 yrs 7 mo | Novelroots Internet Private Limited |
| Soham De DIN 08495183 | Director | 15 Dec 2020 | 5 yrs 10 mo | Novelroots Internet Private Limited |
Financials of Nearify
Figures of Novelroots Internet Private Limited, the primary company behind Nearify, for FY 2022. Revenue was ₹2.5 Lakh (-36% year on year). Net loss was -₹2.5 Lakh (-101% margin). EBITDA was -₹4.6 Lakh (-186% margin). Revenue has grown at a compounded annual rate of +62% over five years.
- ₹2.5 LakhRevenue · FY 2022 · -36% YoY
- -₹2.5 LakhNet loss · -101% margin
- -₹4.6 LakhEBITDA · -186% margin
- ₹1.7 LakhPaid-up capital
- +62%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Novelroots Internet Private Limited are on its company page.
Detailed financial statements for Nearify
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Nearify
4 dated milestones of Nearify across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Nearify is founded.
- Funding First funding round of $237K.
- Funding Latest funding round, Seed, of $75K.
- Milestone Reaches Minicorn status.
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Frequently Asked Questions about Nearify
Nearify was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Nearify is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Nearify is a funded company, having raised a total of $312.62K across 2 funding rounds to date. The company's 1st funding round was a Seed of $237.38K, raised on Jan 2014.
The primary company behind Nearify, Novelroots Internet Private Limited, reported revenue of ₹2.5 Lakh for FY 2022, down 36% year on year.
Nearify was established in 2012 in Gurugram, India, as a technology platform in the events sector. Users are enabled to locate and list various gatherings, including music festivals, concerts, meetups, conferences, social events, sports activities, fundraisers, Broadway shows, and movies. Operations focus on nearby or global localities through the domain nearify.com, facilitating event discovery based on user location.
Nearify has 3 investors. Key investors include India Quotient, Seedfund, and Bedrock Ventures.
The valuation of Nearify is $1.44M as of Dec 2015.
Nearify operates through Novelroots Internet Private Limited.
The legal entities of Nearify currently have 3 directors, including Soham De, Vivek Bihani, Shailesh Vickram Singh.