About Nxcar
Nxcar is a Transportation, Automotive & Logistics company based in Gurugram (India) founded in 2022 by Neeraj Chauhan. Used car transactions are facilitated between individuals and dealers. It operates in the Transportation, Automotive & Logistics and Financial Services sectors. Nxcar has raised $2.3 million across 1 funding round from investors including 2M Companies and KTP Family Office. Its website nxcar.in draws about 12 thousand monthly visits. Its Indian entity Nxfin Technologies Private Limited reported revenue of ₹59.00 Cr. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include Spinny, CarDekho and CarWale; 3 of its 3 listed competitors have raised funding.
Company details
Nxcar was founded in 2022 in Gurugram, India, as a C2B platform in the automotive sector. Transactions between individual sellers, buyers, and dealer partners are enabled to support efficient, transparent, and convenient used car processes. Dealer partners are provided with inventory funding, used car loans, insurance, and extended warranty options through the platforms services.
- Headquarters Gurugram, India
- Founders Neeraj Chauhan
- SectorsTransportation, Automotive & LogisticsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website nxcar.in
- Social LinkedIn Facebook
- Legal Name Nxfin Technologies Private Limited
- Date of Incorporation 15 Nov, 2022
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹59.00 Cr
FY 2025 · +4607% YoY
- Net Loss-₹46.3 Lakh
FY 2025
- EBITDA-₹54.2 Lakh
FY 2025
- Total Equity Funding$2.3M (USD)
in 1 rounds
- Latest Funding Round$2.3M (USD), Seed
Nov 2023
- Investors2M Companies
& 1 more
Associated legal entities of Nxcar
Nxcar operates through Nxfin Technologies 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 |
|---|---|---|---|---|---|---|---|
| Nxfin Technologies Private Limited CIN U72900DL2022PTC406897 | Active | 15 Nov 2022 | Delhi, Delhi | ₹59.0 Cr | 16 | 2 | View details |
Funding Insights of Nxcar
Nxcar has successfully raised a total of $2.3M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.3 million completed in November 2023. 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 $2.3M
- Total Rounds 1
- Last Round Seed — $2.3M
- First Round $2.3M
(Nov 2023)
- Investors Count 2
All 1 funding rounds of Nxcar 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 |
|---|---|---|---|---|---|
| Nov 2023 | $2.3M | Seed | – | – |
2 investors in total: 2 institutional.
Investors in Nxcar
Nxcar has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include 2M Companies and KTP Family Office.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| 2m.com | ||||
| ktpfamilyoffice.tcc.mode |
Investor details for Nxcar
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Board of directors of Nxfin Technologies Private Limited (Nxcar)
Nxfin Technologies Private Limited is the primary company behind Nxcar. The board of Nxfin Technologies Private Limited currently have 2 directors; the longest-serving is Rajesh Kapur, appointed in 2022. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rajesh Kapur DIN 08699935 | Director | 15 Nov 2022 | 3 yrs 11 mo | Nxfin Technologies Private Limited |
| Dinesh Kumar Sharma DIN 10798270 | Additional Director | 27 Sep 2024 | 2 yrs | Nxfin Technologies Private Limited |
People of Nxcar
3 people are tracked at Nxcar (2 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Neeraj Chauhan | Co-Founder | Leadership |
Michael Ryan | Chief Executive Officer | Leadership |
Priyanka G. | Senior Marketing Manager | Team |
Complete people profiles for Nxcar
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Financials of Nxcar
Figures of Nxfin Technologies Private Limited, the primary company behind Nxcar, for FY 2025. Revenue was ₹59.00 Cr (+4607% year on year). Net loss was -₹46.3 Lakh. EBITDA was -₹54.2 Lakh.
- ₹59.00 CrRevenue · FY 2025 · +4607% YoY
- -₹46.3 LakhNet loss
- -₹54.2 LakhEBITDA
- ₹2.15 CrPaid-up capital
- 16Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Nxfin Technologies Private Limited are on its company page.
Detailed financial statements for Nxcar
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Nxcar
2 dated milestones of Nxcar across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Nxcar is founded.
- Funding First funding round of $2.3M.
Competitors of Nxcar
Nxcar has 3 listed competitors in our database, 3 of them funded. They include Spinny, CarDekho and CarWale.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| spinny.com | 2015 | Gurugram, India | $741.46M | 5,736 | Retailer of inspected, certified pre-owned vehicles with service and finance options | |
| cardekho.com | 2008 | Jaipur, India | $60M | 2,381 | Retailer of new automobiles, used vehicles, and related automotive news | |
| carwale.com | 2003 | Mumbai, India | $5.89M | 1,150 | Second-hand cars are listed online to connect buyers and sellers. |
Detailed competitors of Nxcar
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Web traffic of Nxcar
The website of Nxcar (nxcar.in) receives about 11.9K visits a month.
- Monthly visits11.9K
▼ 61.5% vs previous month
Top companies in Automotive Retail & Aftersales
3 companies that operate in the same segment as Nxcar (Automotive Retail & Aftersales) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 462.45 M | USD 1.12 B | 4,589 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 741.46 M | USD 446.48 M | 5,812 |
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Related news about Nxcar
Complete news archive for Nxcar
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Frequently Asked Questions about Nxcar
Nxcar was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Nxcar is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Nxcar is a funded company, having raised a total of $2.3M across 1 funding round to date. The company's 1st funding round was a Seed of $2.3M, raised on Nov 2023.
The primary company behind Nxcar, Nxfin Technologies Private Limited, reported revenue of ₹59.00 Cr for FY 2025, up 4607% year on year.
Nxcar was founded in 2022 in Gurugram, India, as a C2B platform in the automotive sector. Transactions between individual sellers, buyers, and dealer partners are enabled to support efficient, transparent, and convenient used car processes. Dealer partners are provided with inventory funding, used car loans, insurance, and extended warranty options through the platforms services.
Nxcar has 2 investors. Key investors include 2M Companies, and KTP Family Office.
Nxcar operates through Nxfin Technologies Private Limited.
The legal entities of Nxcar currently have 2 directors, including Rajesh Kapur, Dinesh Kumar Sharma.