About Nxcar
Nxcar is a company based in Gurugram (India) founded in 2022 by Neeraj Chauhan. Nxcar has raised $2.3 million across 1 funding round from investors including 2M Companies and KTP Family Office. Nxcar operates in a competitive market with competitors including Spinny, CarDekho, CarWale, Droom and CarTrade Tech, among others.
- Headquarter Gurugram, India
- Founders Neeraj Chauhan
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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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 Nxfin Technologies Private Limited
- Date of Incorporation 15 Nov, 2022
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
Not available
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Net Profit
-$9.82 K (USD)0as on Mar 31, 2023
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EBITDA
-$9.48 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$2.3 M (USD)
in 1 rounds
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Latest Funding Round
$2.3 M (USD), Seed
Nov 01, 2023
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Investors
2M Companies
& 1 more
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Employee Count
Not available
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People of Nxcar
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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.
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.
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Investor details for Nxcar
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Investments & Acquisitions by Nxcar
Investment portfolio details for Nxcar
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Financial Statements - Nxcar
Detailed financials for Nxcar
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Nxcar Comparisons
Peer comparison for Nxcar
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Competitors of Nxcar
Nxcar 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 Spinny, CarDekho, CarWale, Droom and CarTrade Tech, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Retailer of inspected, certified pre-owned vehicles with service and finance options
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Retailer of new automobiles, used vehicles, and related automotive news
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Second-hand cars are listed online to connect buyers and sellers.
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Used vehicles are bought and sold through an AI platform.
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Online marketplace for used cars
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Online P2P marketplace for used cars
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Detailed competitors of Nxcar
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Latest news on 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.
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.