About NextBillion AI
NextBillion AI is a company based in Singapore (Singapore) founded in 2020 by Shaolin Zheng, Ajay Bulusu, and Gaurav Bubna.. NextBillion AI has raised $34.25 million across 3 funding rounds from investors including Lightspeed Venture Partners, Mirae Asset Venture Investments and M12. The company has 50 employees as of April 02, 2024. NextBillion AI offers products and services including Route Optimization API, Distance Matrix API, Directions API, and Routing & Dispatch App. NextBillion AI operates in a competitive market with competitors including The Routing Company, Zeo Route Planner, OptimoRoute, LocationSmart and nextmv, among others.
- Headquarter Singapore, Singapore
- Employees 50 as on 02 Apr, 2024
- Founders Shaolin Zheng, Ajay Bulusu, Gaurav Bubna
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Sectors
TechnologyTransportation, Automotive & Logistics
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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 Nextbillion. Ai India Private Limited
- Date of Incorporation 16 Jan, 2020
- Jurisdiction Shaikpet, Telangana, India
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Annual Revenue
$1.18 M (USD)50.32as on Mar 31, 2022
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Net Profit
$68.45 K (USD)-39.18as on Mar 31, 2022
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EBITDA
$139.97 K (USD)-8.54as on Mar 31, 2022
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Total Equity Funding
$34.25 M (USD)
in 3 rounds
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Latest Funding Round
$21 M (USD), Series B
May 23, 2022
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Investors
Lightspeed Venture Partners
& 3 more
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Employee Count
50
as on Apr 02, 2024
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Acquired by
(Sep 30, 2025)
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Products & Services of NextBillion AI
NextBillion AI offers a comprehensive portfolio of products and services, including Route Optimization API, Distance Matrix API, Directions API, and Routing & Dispatch App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
API for optimizing routes and task allocation in logistics
API to compute ETAs and distances for multiple origins
API for computing routes between locations with traffic data
App for planning and dispatching optimized routes
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Funding Insights of NextBillion AI
NextBillion AI has successfully raised a total of $34.25M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $21 million completed in May 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 3
- Last Round Series B — $21.0M
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First Round
First Round
(24 Jun 2020)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series B - NextBillion AI | Valuation | Mirae Asset Venture Investments | |
| May, 2021 | Amount | Series A - NextBillion AI | Valuation | M12 |
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| Jun, 2020 | Amount | Series A - NextBillion AI | Valuation | Lightspeed Venture Partners , Alpha Wave Global |
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| 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 NextBillion AI
NextBillion AI has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Lightspeed Venture Partners, Mirae Asset Venture Investments and M12. 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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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Venture capital investments in technology startups are facilitated by M12.
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Founded Year | Domain | Location | |
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Venture capital firm focused on growth-stage companies
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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 NextBillion AI
| 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 - NextBillion AI
| 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 |
Nextbillion Ai Comparisons
Competitors of NextBillion AI
NextBillion AI 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 The Routing Company, Zeo Route Planner, OptimoRoute, LocationSmart and nextmv, 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 |
Routing and management solutions are provided for public transit operators.
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| domain | founded_year | HQ Location |
Multi-stop delivery routes are optimized via specialized software.
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| domain | founded_year | HQ Location |
Cloud-based route planning and field service scheduling software is provided.
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| domain | founded_year | HQ Location |
Cloud-based location services are delivered via API to enterprises.
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| domain | founded_year | HQ Location |
Cloud-based software for delivery route automation is provided.
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| domain | founded_year | HQ Location |
Cloud-based route optimization for multiple deliveries is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Nextbillion Ai
Frequently Asked Questions about NextBillion AI
When was NextBillion AI founded?
NextBillion AI was founded in 2020.
Where is NextBillion AI located?
NextBillion AI is headquartered in Singapore, Singapore.
Is NextBillion AI a funded company?
NextBillion AI is a funded company, having raised a total of $34.25M across 3 funding rounds to date. The company's 1st funding round was a Series A of $7M, raised on Jun 24, 2020.
How many employees does NextBillion AI have?
As of Apr 02, 2024, the latest employee count at NextBillion AI is 50.
What is the annual revenue of NextBillion AI?
Annual revenue of NextBillion AI is $1.18M as on Mar 31, 2022.
What does NextBillion AI do?
Provider of an AI-powered mapping platform. It allows users to build custom maps for web and mobile applications. It provides geocoding APIs, search APIs, routing, navigation, matrix calculation, map data curation, and high footfall landmark solutions. It features multi-lingual text, data management, image classification, sentiment analytics, and video annotation capabilities. It has use cases in logistics, fleet management, ride-hailing, delivery, and e-commerce applications.
Who are the top competitors of NextBillion AI?
NextBillion AI's top competitors include The Routing Company, Zeo Route Planner and OptimoRoute.
What products or services does NextBillion AI offer?
NextBillion AI offers Route Optimization API, Distance Matrix API, Directions API, and Routing & Dispatch App.
Who are NextBillion AI's investors?
NextBillion AI has 4 investors. Key investors include Lightspeed Venture Partners, Mirae Asset Venture Investments, M12, and Alpha Wave Global.