# Anar App Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/anar-app-private

- Industry: Internet
- Headquarters: Mumbai, India
- Website: www.anar.biz
- Total disclosed funding: $6.5M
- Latest round: Seed (Sep 21, 2021)
- Investors on record: 5

## About

Anar App Private Limited, based in India, operates a B2B marketplace tailored for small and medium-sized businesses, connecting sellers and buyers through a digital platform for business transactions and inquiries.Founded in 2019 in Mumbai, India, Anar App Private Limited is a digital platform that facilitates connections in the B2B sector. The company has successfully executed 3 deals, with the most recent deal occurring on November 25, 2023. Anar has raised a total of INR 456.870 mn through a SEED funding round involving investors such as Accel, Elevation Capital, First Cheque, and Vistra ITCL. The company is led by CEO Nishank Jain, one of the co-founders along with Chinmay Mittal and Sanjay Bhat.Anar Business App provides a comprehensive B2B marketplace for small and medium-sized enterprises and startups across various sectors in India. The platform enables sellers to list products, manage inquiries, and communicate with buyers, facilitating streamlined sales processes, with over 450,000 sellers and 1.1 million buyers using the service since its functionalities were released in 2020. Anar focuses on catering to the evolving needs of small businesses, including potential expansion into Southeast Asia and the Middle East.In the most recent fiscal year of 2023, Anar Business App reported a revenue of INR 300 mn. The revenue generation primarily relies on transaction-based models, where sellers pay fees for enhanced visibility and promotional services on the platform. The company also engages in partnerships with suppliers and vendors to create a robust ecosystem for users, although the specifics of pricing plans have not been disclosed.In November 2023, Anar App Private Limited discontinued its operations. As such, there are no current plans for future product launches or market expansions.

## Funding rounds

- Seed, Sep 21, 2021, $6.2M — Accel, Elevation Capital, Vistra ITCL, First Cheque
- Seed, Oct 1, 2020, $0.3M — Titan Capital, First Cheque

## Investors

- Titan Capital — Seed
- First Cheque (https://capitalatlas.ai/funds/first-cheque) — Seed
- Accel (https://capitalatlas.ai/funds/accel) — Seed
- Elevation Capital — Seed
- Vistra ITCL — Seed