Nakad funding, investors and company details

Nakad is an emerging Information Technology - SaaS startup from Gurugram, working in the space of It enables invoice tokenization, lending, and automated reconciliation to ease cash flow burdens for small businesses.. Founded by Sambhav Jain, Avinash Uttav, Ujwal Kalra.

Company: ALPHASTAR TECHNOLOGIES PRIVATE LIMITED
Sector: Information Technology - SaaS
Location: Gurugram
Founders: Sambhav Jain, Avinash Uttav, Ujwal Kalra
Total funding raised: ₹54.3 Cr

Company overview

Nakad (nakad.co) is a Gurugram-based fintech startup founded in 2022, specializing in supply chain finance for MSMEs through Reconciliation-as-a-Service (RaaS).Co-founded by Avinash Uttav, Ujwal Kalra, and Sambhav Jain, Nakad (under Alphastar Technologies Pvt. Ltd.) offers MicroBill tech for invoice discounting, purchase order financing, and automated reconciliation using ML, predictive modeling, and intelligent document processing. It has raised $7M from Accel, Matrix Partners, and Harshil Mathur, employs 67 people, and generated $536K revenue (FY24).Nakad bridges financing gaps for deep-tier suppliers by connecting businesses with banks/credit providers via tokenized invoices and POs, streamlining working capital access, vendor onboarding, and payment reconciliation to accelerate MSME growth in complex supply chains.

Funding rounds

Latest round: $ 7.00 Mn (₹54.30 Cr.), 2022-05-25. Investors: Matrix Partners India, Accel