About NuvoEx
NuvoEx is a Transportation, Automotive & Logistics company based in Delhi (India) founded in 2013, and was acquired by Shadowfax in October 2017. Reverse logistics solutions are offered for Indian e-commerce returns. It operates in the Transportation, Automotive & Logistics and Retail sectors. NuvoEx has raised $47.1 million across 4 funding rounds from investors including Shadowfax, Snapdeal and Icon Ventures. The company has 354 employees. NuvoEx has completed 1 acquisition, including Paketts. NuvoEx was last valued at $128.14 million in September 2015. Its Indian entity Ptap Delivery Solutions Private Limited reported revenue of ₹23.95 Cr. Its focus areas include Consumer, Logistics Tech, Ecommerce Logistics and Returns. Its competitors include Blubirch, Bizlog and Reverse Logistics; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Delhi, India
- Employees 354
- Stage Acquired
- SectorsTransportation, Automotive & LogisticsRetail
- Website nuvoex.com
- Social LinkedIn X Facebook
- Acquired by Shadowfax (Oct 2017)
- Legal Name Ptap Delivery Solutions Private Limited
- Date of Incorporation 31 Aug, 2013
- Jurisdiction Gurgaon, Haryana, India
- Annual Revenue₹23.95 Cr
FY 2025 · +183% YoY
- Net Profit₹3.30 Cr
FY 2025 · 14% margin
- EBITDA₹4.84 Cr
FY 2025 · 20% margin
- Total Equity Funding$47.1M (USD)
in 4 rounds
- Latest Funding Round$36.1M (USD), Series B
Sep 2015
- InvestorsShadowfax
& 16 more
- Employee Count354
- Investments & Acquisitions
- Acquired byShadowfax
(Oct 2017)
Associated legal entities of NuvoEx
NuvoEx operates through Ptap Delivery Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ptap Delivery Solutions Private Limited CIN U74140HR2013PTC050222 | Active | 31 Aug 2013 | Gurgaon, Haryana | ₹24.0 Cr | 354 | 2 | View details |
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 $47.1M
- Total Rounds 4
- Last Round Series B — $36.1M
- First Round $193,771
(Dec 2013)
- Investors Count 16
All 4 funding rounds of NuvoEx with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2015 | $36.1M | Series B | $128.14M | Snapdeal | |
| Apr 2015 | $10M | Series A | $27.39M | Sequoia Capital | |
| Dec 2014 | $803,665 | Seed | $••••• | Sequoia Capital | – |
| Dec 2013 | $193,771 | Angel Round | $••••• | Saurabh Kumar Agarwal |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2015 | $128.14M | •••••••• |
| Apr 2015 | $27.39M | •••••••• |
| Dec 2014 | $••••• | •••••••• |
Full valuation and stage history of NuvoEx
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $128.14M (Sep 2015). 17 investors in total: 7 institutional and 10 angel.
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 |
|---|---|---|---|---|
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | ||
Venture capital firm focused on early-stage technology companies | 2011 | rtp.vc | New York, United States | |
Sector-agnostic growth stage VC investment company funding companies in the US and Asia | 1992 | iconventures.com | Palo Alto, United States | |
Early-stage venture capital fund | beenext.com | Singapore, Singapore | ||
Elevation Capital is focused on early-stage tech investments in India. | elevationcapital.com | Delhi, India | ||
Discounted products across multiple categories are sold online. | 2010 | snapdeal.com | Gurugram, India | |
VK Viswanathan Krishnan | unknown_3d6b14c6071d45738 | |||
TS Tridweep Singh Malhan | unknown_1e87aea8159b4255b | |||
SK Saurabh Kumar Agarwal | unknown_2b658293a41b40139 | |||
TH Tauseef Hamid Mukadam | unknown_74a9d6c476c84fc89 |
Investor details for NuvoEx
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Board of directors of Ptap Delivery Solutions Private Limited (NuvoEx)
Ptap Delivery Solutions Private Limited is the primary company behind NuvoEx. The board of Ptap Delivery Solutions Private Limited currently have 2 directors; the longest-serving is Navneet, appointed in 2013. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Navneet DIN 02729461 | Director | 31 Aug 2013 | 13 yrs 2 mo | Ptap Delivery Solutions Private Limited |
| Milind Sharma DIN 06745092 | Director | 21 Nov 2017 | 8 yrs 11 mo | Ptap Delivery Solutions Private Limited |
Financials of NuvoEx
Figures of Ptap Delivery Solutions Private Limited, the primary company behind NuvoEx, for FY 2025. Revenue was ₹23.95 Cr (+183% year on year). Net profit was ₹3.30 Cr (14% margin). EBITDA was ₹4.84 Cr (20% margin). Revenue has grown at a compounded annual rate of +17% over three years and +22% over five years.
- ₹23.95 CrRevenue · FY 2025 · +183% YoY
- ₹3.30 CrNet profit · 14% margin
- ₹4.84 CrEBITDA · 20% margin
- ₹75.1 LakhPaid-up capital
- 354Employees (provident fund records)
- +17%Revenue CAGR, 3 years
- +22%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ptap Delivery Solutions Private Limited are on its company page.
Detailed financial statements for NuvoEx
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by NuvoEx
NuvoEx has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Paketts.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Last mile delivery services are provided for e-commerce operations. | paketts.com | Bengaluru, India | 2015 | Feb 2017 | •••• |
Complete acquisition details for NuvoEx
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Timeline of NuvoEx
6 dated milestones of NuvoEx across 4 years, from founding to its latest funding, stage changes and deals.
Competitors of NuvoEx
NuvoEx has 3 listed competitors in our database, 3 of them funded. They include Blubirch, Bizlog and Reverse Logistics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| blubirch.com | 2015 | Bengaluru, India | $12.63M | 108 | Provider of reverse supply chain automation platform | |
| bizlog.in | 2015 | Bengaluru, India | $3.02M | 128 | Reverse logistics, returns management, and relocation services are provided. | |
| reverselogistics.in | 2008 | Delhi, India | $55.48M | 18 | Technology-enabled reverse logistics solutions are provided for returns management. |
Detailed competitors of NuvoEx
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Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as NuvoEx (Logistics Technology & Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.51 B | 4,488 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.56 B | USD 1.12 B | 23,536 | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 |
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Related news about 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. The company's 1st funding round was a Angel Round of $193.77K, raised on Dec 2013.
NuvoEx has 354 employees.
The primary company behind NuvoEx, Ptap Delivery Solutions Private Limited, reported revenue of ₹23.95 Cr for FY 2025, up 183% year on year.
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.
NuvoEx operates through Ptap Delivery Solutions Private Limited.
Yes. NuvoEx was acquired by Shadowfax in October 2017.