About NuvoEx
NuvoEx is a company based in Delhi (India) founded in 2013 was acquired by Shadowfax in October 2017. NuvoEx has raised $47.1 million across 4 funding rounds from investors including Shadowfax, Snapdeal and Icon Ventures. The company has 354 employees as of April 04, 2024. NuvoEx has completed 1 acquisition, including Paketts. NuvoEx operates in a competitive market with competitors including Blubirch, Bizlog, Reverse Logistics and OPTIMIZ, among others.
- Headquarter Delhi, India
- Employees 354 as on 04 Apr, 2024
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsRetail
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Phone
Locked
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Website
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Social
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- Legal Name Ptap Delivery Solutions Private Limited
- Date of Incorporation 31 Aug, 2013
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$1.82 M (USD)1731.59as on Mar 31, 2022
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Net Profit
$30 K (USD)174.11as on Mar 31, 2022
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EBITDA
$49.55 K (USD)125.96as on Mar 31, 2022
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Total Equity Funding
$47.1 M (USD)
in 4 rounds
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Latest Funding Round
$36.1 M (USD), Series B
Sep 29, 2015
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Investors
Shadowfax
& 16 more
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Employee Count
354
as on Apr 04, 2024
- Investments & Acquisitions
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Acquired by
Shadowfax
(Oct 31, 2017)
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Funding Insights of NuvoEx
NuvoEx has successfully raised a total of $47.1M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $36.1 million completed in September 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.
Investors in NuvoEx
NuvoEx has secured backing from 17 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Shadowfax, Snapdeal and Icon Ventures.
| Investor | Description | Founded Year | Domain | Location |
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Sequoia Capital is engaged in venture capital investments.
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Venture capital firm focused on early-stage technology companies
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Sector-agnostic growth stage VC investment company funding companies in the US and Asia
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Investor details for NuvoEx
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Investments & Acquisitions by NuvoEx
NuvoEx has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Paketts.
Investment portfolio details for NuvoEx
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Last mile delivery services are provided for e-commerce operations.
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Complete acquisition details for NuvoEx
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Financial Statements - NuvoEx
Detailed financials for NuvoEx
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Nuvoex Comparisons
Peer comparison for NuvoEx
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Competitors of NuvoEx
NuvoEx 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 Blubirch, Bizlog, Reverse Logistics and OPTIMIZ, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of reverse supply chain automation platform
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Reverse logistics, returns management, and relocation services are provided.
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Technology-enabled reverse logistics solutions are provided for returns management.
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AI-driven claims management platform
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Detailed competitors of NuvoEx
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Latest news on Nuvoex
Complete news archive for NuvoEx
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Frequently Asked Questions about NuvoEx
NuvoEx was founded in 2013.
NuvoEx is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
NuvoEx is a funded company, having raised a total of $47.1M across 4 funding rounds to date.
As of Apr 04, 2024, the latest employee count at NuvoEx is 354.
Annual revenue of NuvoEx is $1.82M as on Mar 31, 2022.
NuvoEx was founded in 2013 and is headquartered in Delhi, India. Operations are centered on the logistics sector, specifically addressing reverse flow challenges within the e-commerce industry. End-to-end solutions are provided to clients, encompassing customized services such as quality inspections from warehouses to delivery points. The focus remains on streamlining return processes for efficiency in the Indian market.
NuvoEx's top competitors include Blubirch, Bizlog and Reverse Logistics.
NuvoEx has made 1 acquisition, including Paketts.
NuvoEx has 17 investors. Key investors include Shadowfax, Snapdeal, Icon Ventures, RTP Global, and Sequoia Capital.
The valuation of NuvoEx is $128.14M as of Sep 2015.