About Nessa
Nessa is a company based in Ahmedabad (India) founded in 2008. Nessa has raised $95.28 thousand across 1 funding round from investors including Raghunandan Gangappa, Madhvi Sheth and Tejas Shah. The company has 65 employees as of March 31, 2024. Nessa operates in a competitive market with competitors including Borosil Renewables, Servoteh, SuKam Solar, HVR Solar and Surana Solar, among others.
- Headquarter Ahmedabad, India
- Employees 65 as on 31 Mar, 2024
- Stage Minicorn
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Sectors
Energy & Utilities
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Nessa Illumination Technologies Private Limited
- Date of Incorporation 16 May, 2008
- Jurisdiction Ahmedabad, Gujarat, India
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Annual Revenue
$3.39 M (USD)-0.58as on Mar 31, 2023
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Net Profit
$39.87 K (USD)-79.12as on Mar 31, 2023
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EBITDA
$74.89 K (USD)-69.33as on Mar 31, 2023
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Total Equity Funding
$95.28 K (USD)
in 1 rounds
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Latest Funding Round
$95.28 K (USD), Angel Round
May 22, 2018
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Investors
& 3 more
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Employee Count
65
as on Mar 31, 2024
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Funding Insights of Nessa
Nessa has successfully raised a total of $95.28K through 1 strategic funding round. The most recent funding activity was a Angel Round of $95.28 thousand completed in May 2018. 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.
Investors in Nessa
Nessa has secured backing from 4 investors, including angel investors. Prominent investors backing the company include Raghunandan Gangappa, Madhvi Sheth and Tejas Shah.
| Investor | Description | Founded Year | Domain | Location |
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RG
Raghunandan Gangappa |
Co-founder of Zolve, ex-TaxiForSure, prominent angel investor in Indian startups
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Locked | Locked | Locked |
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MS
Madhvi Sheth |
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Locked | Locked | Locked |
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TS
Tejas Shah |
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Locked | Locked | Locked |
Investor details for Nessa
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Investments & Acquisitions by Nessa
Investment portfolio details for Nessa
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Financial Statements - Nessa
Detailed financials for Nessa
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Nessa Comparisons
Peer comparison for Nessa
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Competitors of Nessa
Nessa 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 Borosil Renewables, Servoteh, SuKam Solar, HVR Solar and Surana Solar, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Solar glass is manufactured by Borosil Renewables for photovoltaic applications.
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Manufacturer of EV chargers, solar inverters, solar panels, batteries, servo stabilizers, UPS, and LEDs
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Provider of range of products and services, including solar panels, inverters, and LED street lights for homes and industries
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| Locked | Locked | Locked |
Manufactures solar panels, batteries, and modules for renewable energy solutions in India.
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Solar powered products are manufactured by Surana Solar.
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Detailed competitors of Nessa
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Latest news on Nessa
Complete news archive for Nessa
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Frequently Asked Questions about Nessa
Nessa was founded in 2008 and raised its 1st funding round 10 years after it was founded.
Nessa is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Nessa is a funded company, having raised a total of $95.28K across 1 funding round to date.
As of Mar 31, 2024, the latest employee count at Nessa is 65.
Annual revenue of Nessa is $3.39M as on Mar 31, 2023.
Nessa Illumination Technologies was founded in 2008 in Ahmedabad, India, within the renewable energy sector. A selection of solar-powered items is provided, including LED street lights from 8W to 80W, lanterns, tube lights, garden lights, industrial options, and outdoor fixtures. Installation is facilitated through a Pay-as-you-earn model to support consumer adoption in the region.
Nessa's top competitors include Servoteh, Borosil Renewables and Surana Solar.
Nessa has 4 investors. Key investors include Raghunandan Gangappa, Madhvi Sheth, Tejas Shah, and Madhvi Sheth.
The valuation of Nessa is $5.57M as of May 2018.