Total amount raised
$37.2 Millions
Latest funding date
04/01/2017
Location
Nearbuy has successfully raised multiple rounds of funding, enabling it to expand its platform and offerings. The platform helps users discover the best things to do, eat, and buy in their city, providing a wide range of deals and activities.
Keep reading to explore the intricacies of nearbuy's fundraising journey and the investors backing this innovative platform.
What Is nearbuy?
nearbuy is an online platform that helps users discover and avail of various deals and offers in their city. It covers a wide range of categories including dining, spas, wellness, shopping, and activities. The platform aims to make every day awesome by providing users with new and exciting things to do, eat, and buy.
Operating in multiple cities across India, nearbuy includes locations such as New Delhi, Gurgaon, Jaipur, Bengaluru, Mumbai, Kolkata, Hyderabad, Chennai, Chandigarh, Pune, Ahmedabad, and Goa. The company is part of the online deals and local discovery industry.
How Much Funding Has nearbuy Raised?
- Venture Round
- Amount Raised: $20M
- Date: March 2015
- Lead Investors: Peak XV Partners
- Debt Financing
- Amount Raised: ₹150M
- Date: September 2016
- Lead Investors: BlackSoil
- Venture Round
- Amount Raised: $15M
- Date: April 2017
- Lead Investors: Peak XV Partners
In total, nearbuy has raised $35M in funding.
Key Investors
- Peak XV Partners
- Details: Peak XV Partners is a prominent venture capital firm known for investing in early and growth-stage companies. They have a strong presence in the technology and consumer sectors.
- Investment Focus Areas: Technology, consumer, healthcare, financial services
- Notable Investments: Flipkart, Ola, Byju's
- BlackSoil
- Details: BlackSoil is a leading alternative credit platform in India, providing debt financing to high-growth companies. They focus on offering structured debt solutions to businesses.
- Investment Focus Areas: Technology, healthcare, real estate, financial services
- Notable Investments: OYO Rooms, ZestMoney, LetsTransport
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