Nakad
Latest round
- Seed
Last raised
- Jul 2022
Total raised
- $6.7M
Investors
- 4
About Nakad
Based in India and founded in 2022, Nakad offers a tokenization mechanism that enables changes in supply chain finance. The company was founded by Ujwal Kalra, Sambhav Jain and Avinash Uttav, graduates from of IIM Ahmedabad, IIT Bombay and IIT Guwahati who previously worked at BCG, HUL and Oracle. The company operates as an invoice discounting platform for MSMEs (micro, small and medium-sized enterprises). The platform categorizes companies in the supply chain field on the basis of their operations. If the MSME directly provides materials to big companies, it will be a tier-1 supplier, while those who provide materials to a tier-1 supplier are called tier-2 suppliers. The platform allows MSMEs to sell their invoices at a discounted rate to lenders on its platform based on the creditworthiness of the anchors (big companies).
Who invested in Nakad
4 investors across 1 round
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Funding rounds
Seed
Jul 13, 2022
Amount
$6.7M
Investors
Questions about Nakad
Who invested in Nakad?
Nakad has 4 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Nakad raised?
Nakad has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Nakad last raise money?
Nakad's most recent round on record is a Seed, in Jul 2022.
What does Nakad do?
Based in India and founded in 2022, Nakad offers a tokenization mechanism that enables changes in supply chain finance.
Where is Nakad headquartered?
Nakad is headquartered in Delhi, India.
Which VCs invest in companies like Nakad?
Among active investors with capital left to deploy, 360 ONE, Gopher Asset Management, DSC Investment and Stellaris Venture Partners back financial services companies at Nakad's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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