Nectar

London, United Kingdom Founded: 2002 • Age: 24 yrs Acquired By Sainsbury's
Coalition rewards-based loyalty program in the United Kingdom
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About Nectar

Nectar is a company based in London (United Kingdom) founded in 2002 by Alex Moorhead was acquired by Sainsbury's in February 2018.. The company has 236 employees as of March 31, 2022. Nectar operates in a competitive market with competitors including Bilt Rewards, Fetch, Maximiles, FlyBuys and Beenz, among others.

  • Headquarter London, United Kingdom
  • Employees 236 as on 31 Mar, 2022
  • Founders Alex Moorhead
  • Sectors
    Technology
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Nectar 360 Limited
  • Date of Incorporation 30 May, 2001
  • Jurisdiction LONDON, UNITED KINGDOM
Operational Areas
Technology → Marketing, Adtech & Commerce Technology → →
Key Metrics
  • Annual Revenue
    $59.17 M (USD)
    1191
    as on Mar 05, 2022
  • Net Profit
    $23.39 M (USD)
    163
    as on Mar 05, 2022
  • EBITDA
    $26.84 M (USD)
    173
    as on Mar 05, 2022
  • Latest Funding Round
  • Investors
    Sainsbury's
  • Employee Count
    236

    as on Mar 31, 2022

  • Acquired by
    Sainsbury's

    (Feb 01, 2018)

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Funding Insights of Nectar

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Investors in Nectar

Nectar has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Sainsbury's. 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.

All
Institutional
Investor Description Founded Year Domain Location
Sainsbury's
Supermarket chain providing frozen ready meals & groceries
Founded Year Domain Location
Investor Description Founded Year Domain Location
Amitabh Bachchan family office
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Signite Partners
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Sixteenth Street Capital
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
GGV Capital
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Nectar

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Nectar

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Nectar Comparisons

Employees
+
Add Comparison
Available on Premium

Competitors of Nectar

Nectar 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 Bilt Rewards, Fetch, Maximiles, FlyBuys and Beenz, 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
Bilt Rewards
domain founded_year HQ Location
Reward-based rental management is facilitated via SaaS for residential properties.
Fetch
domain founded_year HQ Location
Fetch is operated as a rewards app for earning gift cards.
Maximiles
domain founded_year HQ Location
Maximiles is operated as a platform for earning rewards through surveys.
FlyBuys
domain founded_year HQ Location
Manages a card-based coalition loyalty program in Australia.
Beenz
domain founded_year HQ Location
A coalition loyalty program designed for online businesses to enhance customer retention.
Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Nectar

Frequently Asked Questions about Nectar

When was Nectar founded?

Nectar was founded in 2002.

Where is Nectar located?

Nectar is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.

How many employees does Nectar have?

As of Mar 31, 2022, the latest employee count at Nectar is 236.

What is the annual revenue of Nectar?

Annual revenue of Nectar is $59.17M as on Mar 05, 2022.

What does Nectar do?

Nectar was founded in 2002 as a coalition rewards-based loyalty program managed by AIMIA in London, United Kingdom. Operations center on a network exceeding 400 partner businesses where points are collected through app-based purchases and redeemed for discounts across the system. Customer accounts are monitored for inactivity, with points expiring after one year. Data access is provided to partners for targeted promotional communications in the retail sector.

Who are the top competitors of Nectar?

Nectar's top competitors include Bilt Rewards, Fetch and Maximiles.

Who are Nectar's investors?

Nectar has 1 investor. Key investors include Sainsbury's.

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