Total amount raised
$37.2 Million
Latest funding date
2017-04-03
Location
Nearbuy has established itself as a platform that helps users discover the best deals and experiences in their city, offering discounts on dining, spa services, wellness, and various activities. The platform aims to make every day awesome by providing a wide range of deals and experiences tailored to users' preferences.
Keep reading to explore the intricacies of nearbuy's fundraising journey and the investors backing this innovative platform.
What Is nearbuy?
nearbuy is an e-commerce platform that helps users discover and avail of the best local deals and experiences. It offers a wide range of deals on dining, spas, wellness, shopping, and various activities. The platform aims to enhance everyday life by providing exciting offers and making it easy for users to explore their city.
Operating in various cities across India, including New Delhi, Gurgaon, Jaipur, Bengaluru, Mumbai, Kolkata, Hyderabad, Chennai, Chandigarh, Pune, Ahmedabad, and Goa, nearbuy makes it convenient for users to find local offers. The nearbuy mobile app further enhances the user experience by suggesting new things to explore based on location and preferences.
Specializing in the e-commerce industry, nearbuy focuses on local deals and experiences, making every day awesome for its users.
How Much Funding Has nearbuy Raised?
- Funding Round: Series Unknown
- Amount Raised: USD 20,000,000
- Date: March 2015
- Lead Investors: Peak XV Partners
- Funding Round: Debt Financing
- Amount Raised: USD 2,000,000
- Date: September 2016
- Lead Investors: BlackSoil
- Funding Round: Series Unknown
- Amount Raised: USD 15,000,000
- Date: April 2017
- Lead Investors: Peak XV Partners
In total, nearbuy has raised USD 37,000,000.
Key Investors
- Peak XV Partners
- Details: Peak XV Partners is a prominent venture capital firm known for investing in early to 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 flexible financing solutions to meet the unique needs of businesses.
- Investment Focus Areas: Technology, healthcare, real estate, financial services
- Notable Investments: OYO Rooms, Zolo, LetsTransport
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