About Nextenders
Nextenders is a company based in Mumbai (India) founded in 2002. Nextenders has raised $1.23 million across 3 funding rounds from investors including DRC Systems, Rajasthan Venture Capital Fund and John Band. The company has 46 employees as of April 05, 2024. Nextenders offers products and services including Enterprise eProcurement, On-Demand eProcurement, and Catalogue Management. Nextenders operates in a competitive market with competitors including BirchStreet Systems, Concertiv, Levelpath, Omnea and VendorPanel, among others.
- Headquarter Mumbai, India
- Employees 46 as on 05 Apr, 2024
- Stage Minicorn
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Sectors
Government & Social SectorTechnology
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Email
Locked
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Phone
Locked
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Website
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Social
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- Legal Name Nextenders (India) Private Limited
- Date of Incorporation 26 Apr, 2000
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$1.19 M (USD)11.73as on Mar 31, 2023
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Net Profit
$25.16 K (USD)109.23as on Mar 31, 2023
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EBITDA
$140.34 K (USD)142.31as on Mar 31, 2023
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Total Equity Funding
$1.23 M (USD)
in 3 rounds
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Latest Funding Round
Not available
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Investors
DRC Systems
& 2 more
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Employee Count
46
as on Apr 05, 2024
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Products & Services of Nextenders
Nextenders offers a comprehensive portfolio of products and services, including Enterprise eProcurement, On-Demand eProcurement, and Catalogue Management.
Platform for managing large-scale procurement and tender processes.
Flexible tools for on-demand bidding and procurement needs.
System for organizing and optimizing product catalogues in procurement.
Funding Insights of Nextenders
Nextenders has successfully raised a total of $1.23M across 3 strategic funding rounds. 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 Nextenders
Nextenders has secured backing from 3 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include DRC Systems, Rajasthan Venture Capital Fund and John Band.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund investing in multiple sectors
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Software development services
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JB
John Band |
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Investor details for Nextenders
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Investments & Acquisitions by Nextenders
Investment portfolio details for Nextenders
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Financial Statements - Nextenders
Detailed financials for Nextenders
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Nextenders Comparisons
Peer comparison for Nextenders
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Competitors of Nextenders
Nextenders 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 BirchStreet Systems, Concertiv, Levelpath, Omnea and VendorPanel, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based procure-to-pay solutions are delivered for business management.
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Web-enabled end-to-end procurement management solutions are provided.
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Software solutions for procurement and supply chain management are provided.
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Web-enabled solutions for procurement orchestration in supply chains are offered.
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SaaS-based source-to-contract platform is provided for governments, utilities, and corporates.
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Builds future-proof digital, and sustainable supply chain for industrial organizations
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Detailed competitors of Nextenders
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Latest news on Nextenders
Complete news archive for Nextenders
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Frequently Asked Questions about Nextenders
Nextenders was founded in 2002 and raised its 1st funding round 8 years after it was founded.
Nextenders is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Nextenders is a funded company, having raised a total of $1.23M across 3 funding rounds to date.
As of Apr 05, 2024, the latest employee count at Nextenders is 46.
Annual revenue of Nextenders is $1.19M as on Mar 31, 2023.
Nextenders was founded in 2002 in Mumbai, India, focusing on the procurement management sector. Cloud-based suite solutions are provided, encompassing enterprise e-procurement, on-demand services, and catalog management via web-based technology. Supplier bids are collected and compared online to identify optimal deals and lower costs. The end-to-end buying process is automated, with integrations to financial and inventory systems that minimize manual tasks, errors, spending tracking, and stock oversight.
Nextenders offers Enterprise eProcurement, On-Demand eProcurement, and Catalogue Management.
Nextenders has 3 investors. Key investors include DRC Systems, Rajasthan Venture Capital Fund, and John Band.
The valuation of Nextenders is $5.24M as of May 2011.