About Neend
Neend is a company based in Bengaluru (India) founded in 2021 by Surbhi Jain.. Neend has raised $978.83 thousand across 2 funding rounds from investors including Wellfound, IQ-EQ and GC Partners. The company has 1 employees as of September 08, 2024. Neend operates in a competitive market with competitors including BigHealth, Stellar Sleep, Ognomy, Moshi and Rise, among others.
- Headquarter Bengaluru, India
- Employees 1 as on 08 Sep, 2024
- Founders Surbhi Jain
- Stage Minicorn
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Purple Bot Technologies Private Limited
- Date of Incorporation 16 Jun, 2021
- Jurisdiction Jaipur, Rajasthan, India
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Annual Revenue
$52.73 K (USD)2.07as on Mar 31, 2024
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Net Profit
$-95.05 K (USD)45.3as on Mar 31, 2024
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EBITDA
$-102.19 K (USD)45.44as on Mar 31, 2024
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Total Equity Funding
$978.83 K (USD)
in 2 rounds
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Latest Funding Round
$700 K (USD), Seed
Feb 03, 2022
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Investors
Wellfound
& 28 more
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Employee Count
1
as on Sep 08, 2024
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Funding Insights of Neend
Neend has successfully raised a total of $978.83K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $700 thousand completed in February 2022. 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 Seed — $700,000
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First Round
First Round
(06 Dec 2021)
- Investors Count 29
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Seed - Neend | Valuation | Better Capital | |
| Dec, 2021 | Amount | Seed - Neend | Valuation | QED Innovation Labs |
| 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 Neend
Neend has secured backing from 29 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Wellfound, IQ-EQ and GC Partners. 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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Early-stage companies are invested in by Better Capital.
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Founded Year | Domain | Location | |
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Private equity fund, investment holding & business conglomerate company
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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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 Neend
| 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 - Neend
| 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 |
Neend Comparisons
Competitors of Neend
Neend 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 BigHealth, Stellar Sleep, Ognomy, Moshi and Rise, 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 |
Digital CBT therapy is offered for insomnia patients.
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| domain | founded_year | HQ Location |
Sleep quality is monitored through a specialized application.
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| domain | founded_year | HQ Location |
Online platform offering video consultation services for sleep apnea management
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| domain | founded_year | HQ Location |
Online platform offering stories for kids
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| domain | founded_year | HQ Location |
Marketing and branding services are offered by RISE.
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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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Frequently Asked Questions about Neend
When was Neend founded?
Neend was founded in 2021.
Where is Neend located?
Neend is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Neend?
Surbhi Jain is the current CEO of Neend. They have also founded this company.
Is Neend a funded company?
Neend is a funded company, having raised a total of $978.83K across 2 funding rounds to date. The company's 1st funding round was a Seed of $278.83K, raised on Dec 06, 2021.
How many employees does Neend have?
As of Sep 08, 2024, the latest employee count at Neend is 1.
What is the annual revenue of Neend?
Annual revenue of Neend is $52.73K as on Mar 31, 2024.
What does Neend do?
Neend was founded in 2021 in Bengaluru, India, as a mobile application dedicated to sleep management. Sleep-related challenges are addressed through features such as induced music and audio stories designed for user relaxation. The platform operates in the health technology sector, delivering services directly to mobile devices for individual users. Core functionalities focus on improving sleep patterns without additional hardware requirements.
Who are Neend's investors?
Neend has 29 investors. Key investors include Wellfound, IQ-EQ, GC Partners, Better Capital, and Rohit Bansal.
What is Neend's valuation?
The valuation of Neend is $4.75M as of Feb 2022.
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