# NephoNine Solutions Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nephonine-solutions-pvt

- Industry: Consumer Services
- Headquarters: Bangalore, India
- Website: www.hoopy.in
- Total disclosed funding: $0.1M
- Latest round: Series A (Oct 11, 2018)
- Investors on record: 2

## About

NephoNine Solutions Pvt. Ltd. is a Bangalore-based technology company specializing in cloud solutions and software development. They provide innovative digital services to enhance business operations and improve customer engagement.Founded in 2016, NephoNine Solutions Pvt. Ltd. operates primarily in the technology sector, focusing on cloud computing and software development services. The company has successfully completed 5 deals, with the most recent deal occurring on June 1, 2021, during their Series A funding round in which they raised INR 6.80 million. NephoNine Solutions is led by Abhinav Shrivastava, who has a background in launching tech ventures, further underscoring the company’s innovative approach. The company is headquartered in Bangalore, India.NephoNine Solutions Pvt. Ltd. specializes in providing cloud-based solutions and custom software development, aimed at helping businesses optimize their operations and enhance customer interactions. The company’s products range from application development to integration services, designed to meet diverse client needs, particularly targeting sectors that require scalable technological infrastructure. Their offerings likely include subscription services for ongoing support and maintenance, tailored to various industry specifications.In 2021, NephoNine Solutions Pvt. Ltd. reported a revenue of INR 317,737, with an EBITDA of -INR 135,586.5, indicating their financial performance amid ongoing investments and development initiatives.Following their Series A funding round in June 2021, NephoNine Solutions Pvt. Ltd. plans to utilize the raised INR 6.80 million to expand its product portfolio and enhance its cloud service offerings. The company is focusing on launching new software solutions aimed at improving operational efficiencies for its clients. Additionally, they aim to penetrate emerging markets in Southeast Asia by 2023, broadening their geographical footprint and catering to a larger customer base. This strategic growth plan is supported by the recent funding, which will assist in the development of innovative technologies and marketing efforts.

## Funding rounds

- Series A, Oct 11, 2018, $0.1M — Lead Invest, Venture Farmer

## Investors

- Lead Invest (https://capitalatlas.ai/funds/lead-invest) — Series A
- Venture Farmer — Series A