About NexGear
NexGear is a Technology company based in Mumbai (India) founded in 2014. It operates as a wearable technology is developed to capture and share adventure activities. NexGear has raised $289.37 thousand across 1 funding round from investors including Texport, Ashish Mishra and Ashish Taneja. NexGear was last valued at $1.54 million in February 2015. Its focus areas include Enterprise Applications, Video Creation Tools, Video Editors and Enterprise Video Editors. Its legal entity in India is Nexgear Technology Private Limited (U72900MH2014PTC260464). Its competitors include Wondershare, Captions, Animoto, Descript and WeVideo and 4 more; 8 of its 9 listed competitors have raised funding.
Company details
NexGear was founded in 2014 in Mumbai, India, within the wearable technology sector. A device is being developed to enable adventure travel participants to record their experiences and access reviews via a companion smartphone application. Operations focus on pre-launch product refinement, with the team comprising alumni from IIT Bombay. The companys domain is nexgear.co, supporting activities in consumer electronics for outdoor pursuits.
- Headquarters Mumbai, India
- Stage Minicorn
- SectorsTechnology
- Website nexgear.co
- Social LinkedIn X
- Legal Name Nexgear Technology Private Limited
- Date of Incorporation 29 Dec, 2014
- Jurisdiction Mumbai, Maharashtra, India
- Net Loss-₹47.4 Lakh
FY 2015 · 0% margin
- EBITDA-₹47.2 Lakh
FY 2015 · 0% margin
- Total Equity Funding$289.37K (USD)
in 1 rounds
- Latest Funding Round$289.37K (USD), Seed
Feb 2015
- InvestorsTexport
& 50 more
Associated legal entities of NexGear
NexGear operates through Nexgear Technology Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2015) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Nexgear Technology Private Limited CIN U72900MH2014PTC260464 | Active | 29 Dec 2014 | Mumbai, Maharashtra | – | – | 2 | View details |
Funding Insights of NexGear
NexGear has successfully raised a total of $289.37K through 1 strategic funding round. The most recent funding activity was a Seed round of $289.37 thousand completed in February 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 $289,370
- Total Rounds 1
- Last Round Seed — $289,370
- First Round $289,370
(Feb 2015)
- Investors Count 51
All 1 funding rounds of NexGear with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2015 | $289,370 | Seed | $1.54M | Bhavish Aggarwal, Bhavish Aggarwal |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2015 | $1.54M | •••••••• |
Last known valuation $1.54M (Feb 2015). 51 investors in total: 3 institutional and 48 angel.
Investors in NexGear
NexGear has secured backing from 51 investors, including angel and institutional investors. Prominent investors backing the company include Texport, Ashish Mishra and Ashish Taneja.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Contract manufacturing of fabrics is handled by Texport in India. | 1978 | texport.com | Bengaluru, India | |
Tax, assurance, and business advisory services are provided in Pune. | – | jcrathod.in | Pune, India | |
Limited information is available on Surin Investment's investment activities. | – | surininvestment.tcc.mode | - | |
AM Ashish Mishra | - | – | unknown_930e29a97934462cb | - |
AT Ashish Taneja | Angel investor, ex-Microsoft, focused on tech startups in India | – | unknown_4be5924c790a4f8ab | - |
GL Gaurav Lahiri | - | – | unknown_bb10a516ecc9427bb | - |
SG Sandeep Gupta | - | – | unknown_2d861528d33b40588 | - |
SB Sheetal Bahl | - | – | unknown_577ab67dead84cbfa | - |
MR Manu Rikhye | - | – | unknown_facff490b8024282b | - |
US Utsav Somani | Angel investor, ex-Adyen, focused on Indian startups, active mentor | – | unknown_52b1dcd6a698438db | - |
Investor details for NexGear
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 Nexgear Technology Private Limited (NexGear)
Nexgear Technology Private Limited is the primary company behind NexGear. The board of Nexgear Technology Private Limited currently have 2 directors; the longest-serving is Rahul Vats, appointed in 2014.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rahul Vats DIN 03567105 | Director | 29 Dec 2014 | 11 yrs 9 mo | Nexgear Technology Private Limited |
| Amardeep DIN 07000784 | Director | 29 Dec 2014 | 11 yrs 9 mo | Nexgear Technology Private Limited |
Financials of NexGear
Figures of Nexgear Technology Private Limited, the primary company behind NexGear, for FY 2015. Net loss was -₹47.4 Lakh (0% margin). EBITDA was -₹47.2 Lakh (0% margin).
- -₹47.4 LakhNet loss · 0% margin
- -₹47.2 LakhEBITDA · 0% margin
- ₹1.2 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Nexgear Technology Private Limited are on its company page.
Detailed financial statements for NexGear
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 NexGear
3 dated milestones of NexGear across 1 years, from founding to its latest funding, stage changes and deals.
- Founded NexGear is founded.
- Funding First funding round of $289K.
- Milestone Reaches Minicorn status.
Competitors of NexGear
NexGear has 9 listed competitors in our database, 8 of them funded. They include Wondershare, Captions, Animoto, Descript and WeVideo, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wondershare.com | 2003 | Vancouver, Canada | $10M | – | Developer of software for video editing, PDF management, and data recovery | |
| captions.ai | 2021 | Boston, United States | $85M | 37 | AI-powered editing for photos and videos with captioning is provided. | |
| animoto.com | 2006 | New York, United States | $29.4M | 109 | Cloud-based video editing platform for enterprises | |
| descript.com | 2017 | San Francisco, United States | $100.59M | 123 | Automated transcribing solution provider for audio files | |
| wevideo.com | 2011 | Mountain View, United States | $21.19M | 15 | Video creation, interactive elements, and hosting software are provided. | |
| lomotif.com | 2014 | Singapore | – | – | An app-based platform for creating and sharing music videos. | |
| grabyo.com | 2013 | London, United Kingdom | $2M | 52 | Live video clips from TV are captured and shared socially. | |
| wochit.com | 2012 | New York, United States | $28.75M | – | Cloud-based video creation platform for enterprises | |
| loupedeck.com | 2016 | Helsinki, Finland | $8.07M | – | Internet first brand offering editing controllers |
Detailed competitors of NexGear
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Video Creation Tools
10 companies that operate in the same segment as NexGear (Video Creation Tools), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-powered tools for video creation from text prompts are offered. | 2017 | San Francisco, California, United States | USD 56.87 M | – | – | |
AI video generation models and production tools are developed. | 2013 | Jerusalem, Jerusalem District, Israel | USD 335 M | – | 515 | |
AI-based dubbing and subtitling solutions are provided for video content. | 2017 | London, England, United Kingdom | USD 536.3 M | USD 149.28 K | 886 | |
AI-powered editing for photos and videos with captioning is provided. | 2021 | Boston, Massachusetts, United States | USD 85 M | – | – | |
Personalized interactive video solutions are delivered for marketing platforms. | 2007 | New York, New York, United States | USD 67.1 M | – | – | |
AI-based platform offering video editing solutions | 2021 | Seattle, Washington, United States | USD 207 M | – | – | |
AI-powered video editing and content management solutions are provided. | 2016 | Los Angeles, California, United States | USD 105 M | USD 646.82 K | 1 | |
Multimedia software | 1993 | Berlin, Berlin, Germany | – | – | – | |
Automated transcribing solution provider for audio files | 2017 | San Francisco, California, United States | USD 100.59 M | – | – | |
Developer of software for video editing, PDF management, and data recovery | 2003 | Vancouver, British Columbia, Canada | USD 10 M | – | – |
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Frequently Asked Questions about NexGear
NexGear was founded in 2014 and raised its 1st funding round 1 year after it was founded.
NexGear is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
NexGear is a funded company, having raised a total of $289.37K across 1 funding round to date. The company's 1st funding round was a Seed of $289.37K, raised on Feb 2015.
NexGear was founded in 2014 in Mumbai, India, within the wearable technology sector. A device is being developed to enable adventure travel participants to record their experiences and access reviews via a companion smartphone application. Operations focus on pre-launch product refinement, with the team comprising alumni from IIT Bombay. The companys domain is nexgear.co, supporting activities in consumer electronics for outdoor pursuits.
NexGear's top competitors include Captions, Descript and Wondershare.
NexGear has 51 investors. Key investors include Texport, Ashish Mishra, Ashish Taneja, Gaurav Lahiri, and Sandeep Gupta.
The valuation of NexGear is $1.54M as of Feb 2015.
NexGear operates through Nexgear Technology Private Limited.
The legal entities of NexGear currently have 2 directors, including Rahul Vats, Amardeep.