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
*********
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Website
*********
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Social
*********
- 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 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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Angel Round — $95,277
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First Round
First Round
(22 May 2018)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2018 | Amount | Angel Round - Nessa | Valuation | Raghunandan Gangappa |
| 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 Nessa
Nessa has secured backing from 4 investors, including angel investors. Prominent investors backing the company include Raghunandan Gangappa, Madhvi Sheth and Tejas Shah. 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 |
|---|---|---|---|---|
|
RG
Raghunandan Gangappa |
Co-founder of Zolve, ex-TaxiForSure, prominent angel investor in Indian startups
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Founded Year | Domain | Location |
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MS
Madhvi Sheth |
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|
Founded Year | Domain | Location |
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TS
Tejas Shah |
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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.
|
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 Nessa
| 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 - Nessa
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nessa Comparisons
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. 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 |
Solar glass is manufactured by Borosil Renewables for photovoltaic applications.
|
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| domain | founded_year | HQ Location |
Manufacturer of EV chargers, solar inverters, solar panels, batteries, servo stabilizers, UPS, and LEDs
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| domain | founded_year | HQ Location |
Provider of range of products and services, including solar panels, inverters, and LED street lights for homes and industries
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| domain | founded_year | HQ Location |
Manufactures solar panels, batteries, and modules for renewable energy solutions in India.
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| domain | founded_year | HQ Location |
Solar powered products are manufactured by Surana Solar.
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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 Nessa
Frequently Asked Questions about Nessa
When was Nessa founded?
Nessa was founded in 2008 and raised its 1st funding round 10 years after it was founded.
Where is Nessa located?
Nessa is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Is Nessa a funded company?
Nessa is a funded company, having raised a total of $95.28K across 1 funding round to date. The company's 1st funding round was a Angel Round of $95.28K, raised on May 22, 2018.
How many employees does Nessa have?
As of Mar 31, 2024, the latest employee count at Nessa is 65.
What is the annual revenue of Nessa?
Annual revenue of Nessa is $3.39M as on Mar 31, 2023.
What does Nessa do?
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.
Who are the top competitors of Nessa?
Nessa's top competitors include Servoteh, Borosil Renewables and Surana Solar.
Who are Nessa's investors?
Nessa has 4 investors. Key investors include Raghunandan Gangappa, Madhvi Sheth, Tejas Shah, and Madhvi Sheth.
What is Nessa's valuation?
The valuation of Nessa is $5.57M as of May 2018.
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