About NextFirst
NextFirst is a company based in Bengaluru (India) founded in 2004 by Veena Radhakrishna and Jayendran Balasubramanian.. NextFirst has raised $1.2 million across 3 funding rounds from investors including Shrinivas G Shirgurkar, Benedict Machado and Srikanth Chandrasekaran. The company has 43 employees as of April 05, 2024. NextFirst offers products and services including Warehouse Automation Solutions, General Assembly and Test Automation, and General Automation Products. NextFirst operates in a competitive market with competitors including ATS Automation Tooling System, BBS Automation, Kinemach Engineering, OSE Group and Hyrobotics, among others.
- Headquarter Bengaluru, India
- Employees 43 as on 05 Apr, 2024
- Founders Veena Radhakrishna, Jayendran Balasubramanian
- Stage Minicorn
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Sectors
Industrial Goods & Manufacturing
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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 Nextfirst Engineering Technologies Private Limited
- Date of Incorporation 09 Aug, 2004
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$1.29 M (USD)17.14as on Mar 31, 2022
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Net Profit
$3.42 K (USD)125.9as on Mar 31, 2022
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EBITDA
$87.66 K (USD)-45.02as on Mar 31, 2022
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Total Equity Funding
$1.2 M (USD)
in 3 rounds
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Latest Funding Round
$614.79 K (USD), Angel Round
Jan 06, 2021
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Investors
& 10 more
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Employee Count
43
as on Apr 05, 2024
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Products & Services of NextFirst
NextFirst offers a comprehensive portfolio of products and services, including Warehouse Automation Solutions, General Assembly and Test Automation, and General Automation Products. 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.
Custom systems for efficient material handling in warehouses.
Tailored solutions for assembling and testing processes.
Versatile tools for various industrial automation needs.
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Funding Insights of NextFirst
NextFirst has successfully raised a total of $1.2M across 3 strategic funding rounds. The most recent funding activity was a Angel Round round of $614.79 thousand completed in January 2021. 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 Angel Round — $614,786
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First Round
First Round
(02 Oct 2008)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Angel Round - NextFirst | Valuation | Shrinivas G Shirgurkar , Benedict Machado | |
| Sep, 2018 | Amount | Angel Round - NextFirst | Valuation | Sridhar Alagar , Srikanth Chandrasekaran |
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| Oct, 2008 | Amount | Angel Round - NextFirst | Valuation | Gautam Reddy Kumbam , Gautam Reddy Kumbam |
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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 NextFirst
NextFirst has secured backing from 11 investors, including angel investors. Prominent investors backing the company include Shrinivas G Shirgurkar, Benedict Machado and Srikanth Chandrasekaran. 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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SG
Shrinivas G Shirgurkar |
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Founded Year | Domain | Location |
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BM
Benedict Machado |
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Founded Year | Domain | Location |
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SC
Srikanth Chandrasekaran |
Angel investor, ex-IBM, focused on tech startups in India.
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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 NextFirst
| 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 - NextFirst
| 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 |
Nextfirst Comparisons
Competitors of NextFirst
NextFirst 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 ATS Automation Tooling System, BBS Automation, Kinemach Engineering, OSE Group and Hyrobotics, 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 |
Manufacturer and supplier of major auto components
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| domain | founded_year | HQ Location |
Automation solutions for industries are provided by BBS Automation.
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| domain | founded_year | HQ Location |
Industrial automation, processing equipment, and material handling machines are manufactured.
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| domain | founded_year | HQ Location |
Automation lines and equipment are supplied for industrial applications.
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| domain | founded_year | HQ Location |
Robotic solutions for industrial automation are provided by Hyrobotics.
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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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Frequently Asked Questions about NextFirst
When was NextFirst founded?
NextFirst was founded in 2004 and raised its 1st funding round 4 years after it was founded.
Where is NextFirst located?
NextFirst is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of NextFirst?
Jayendran Balasubramanian is the current CEO of NextFirst. They have also founded this company.
Is NextFirst a funded company?
NextFirst is a funded company, having raised a total of $1.2M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $496.16K, raised on Oct 02, 2008.
How many employees does NextFirst have?
As of Apr 05, 2024, the latest employee count at NextFirst is 43.
What is the annual revenue of NextFirst?
Annual revenue of NextFirst is $1.29M as on Mar 31, 2022.
What does NextFirst do?
NextFirst was established in 2004 in Bengaluru, India, as a provider of tailored automation solutions across multiple sectors. Operations focus on developing systems for warehouse management, assembly processes, testing procedures, and inspection tasks. Services are customized to meet specific industry needs, supporting efficiency in manufacturing and logistics environments. The company operates primarily from its Indian base, serving domestic and international clients in automation technology.
Who are the top competitors of NextFirst?
NextFirst's top competitors include ATS Automation Tooling System, Kinemach Engineering and BBS Automation.
What products or services does NextFirst offer?
NextFirst offers Warehouse Automation Solutions, General Assembly and Test Automation, and General Automation Products.
Who are NextFirst's investors?
NextFirst has 11 investors. Key investors include Shrinivas G Shirgurkar, Benedict Machado, Srikanth Chandrasekaran, Ramakrishnan Sundaresan, and K Sridhar.
What is NextFirst's valuation?
The valuation of NextFirst is $3.12M as of Jan 2021.
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