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.
Custom systems for efficient material handling in warehouses.
Tailored solutions for assembling and testing processes.
Versatile tools for various industrial automation needs.
People of NextFirst
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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 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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Shrinivas G Shirgurkar |
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Benedict Machado |
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Srikanth Chandrasekaran |
Angel investor, ex-IBM, focused on tech startups in India.
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Investor details for NextFirst
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Investments & Acquisitions by NextFirst
Investment portfolio details for NextFirst
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Financial Statements - NextFirst
Detailed financials for NextFirst
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Nextfirst Comparisons
Peer comparison for NextFirst
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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.
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Manufacturer and supplier of major auto components
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Automation solutions for industries are provided by BBS Automation.
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Industrial automation, processing equipment, and material handling machines are manufactured.
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Automation lines and equipment are supplied for industrial applications.
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Robotic solutions for industrial automation are provided by Hyrobotics.
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Detailed competitors of NextFirst
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Latest news on Nextfirst
Complete news archive for NextFirst
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Frequently Asked Questions about NextFirst
NextFirst was founded in 2004 and raised its 1st funding round 4 years after it was founded.
NextFirst is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Jayendran Balasubramanian is the current CEO of NextFirst. They have also founded this company.
NextFirst is a funded company, having raised a total of $1.2M across 3 funding rounds to date.
As of Apr 05, 2024, the latest employee count at NextFirst is 43.
Annual revenue of NextFirst is $1.29M as on Mar 31, 2022.
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.
NextFirst's top competitors include ATS Automation Tooling System, Kinemach Engineering and BBS Automation.
NextFirst offers Warehouse Automation Solutions, General Assembly and Test Automation, and General Automation Products.
NextFirst has 11 investors. Key investors include Shrinivas G Shirgurkar, Benedict Machado, Srikanth Chandrasekaran, Ramakrishnan Sundaresan, and K Sridhar.
The valuation of NextFirst is $3.12M as of Jan 2021.