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
*********
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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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $36.1M
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First Round
First Round
(17 Dec 2013)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2015 | Amount | Series B - NuvoEx | Valuation | Snapdeal | |
| Apr, 2015 | Amount | Series A - NuvoEx | Valuation | Sequoia Capital | |
| Dec, 2014 | Amount | Seed - NuvoEx | Valuation | Sequoia Capital |
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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 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. 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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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage technology companies
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Founded Year | Domain | Location | |
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Sector-agnostic growth stage VC investment company funding companies in the US and Asia
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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 NuvoEx
NuvoEx has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Paketts. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| 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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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - NuvoEx
| 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 |
Nuvoex Comparisons
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. 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 |
Provider of reverse supply chain automation platform
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| domain | founded_year | HQ Location |
Reverse logistics, returns management, and relocation services are provided.
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| domain | founded_year | HQ Location |
Technology-enabled reverse logistics solutions are provided for returns management.
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| domain | founded_year | HQ Location |
AI-driven claims management platform
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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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Latest news on Nuvoex
Frequently Asked Questions about NuvoEx
When was NuvoEx founded?
NuvoEx was founded in 2013.
Where is NuvoEx located?
NuvoEx is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Is NuvoEx a funded company?
NuvoEx is a funded company, having raised a total of $47.1M across 4 funding rounds to date. The company's 1st funding round was a Seed of $803.67K, raised on Dec 17, 2013.
How many employees does NuvoEx have?
As of Apr 04, 2024, the latest employee count at NuvoEx is 354.
What is the annual revenue of NuvoEx?
Annual revenue of NuvoEx is $1.82M as on Mar 31, 2022.
What does NuvoEx do?
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.
Who are the top competitors of NuvoEx?
NuvoEx's top competitors include Blubirch, Bizlog and Reverse Logistics.
How many acquisitions has NuvoEx made?
NuvoEx has made 1 acquisition, including Paketts.
Who are NuvoEx's investors?
NuvoEx has 17 investors. Key investors include Shadowfax, Snapdeal, Icon Ventures, RTP Global, and Sequoia Capital.
What is NuvoEx's valuation?
The valuation of NuvoEx is $128.14M as of Sep 2015.
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