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NAKAD is a technology company.
NAKAD modernizes deep-tier supply chain finance, providing working capital to small and medium enterprise (SME) suppliers in corporate vendor ecosystems. Its proprietary tokenization mechanism streamlines liquidity and financial operations, directly addressing funding gaps. This platform enhances efficiency and stability, creating fluid financial structures for its clientele.
Co-founded in January 2022 by Ujwal Kalra, Sambhav Jain, and Avinash Uttav, NAKAD emerged from recognizing challenges SME suppliers faced securing timely working capital in complex supply chains. The founders envisioned a technology solution to democratize finance access, stabilizing operations and fostering growth for businesses overlooked by traditional lending.
NAKAD serves SME suppliers within corporate vendor networks, enabling essential funding for operational continuity and expansion. The company’s vision is to cultivate an efficient and equitable financial environment across global supply chains. NAKAD empowers small and medium businesses by integrating advanced financial mechanisms, ensuring they possess necessary capital to prosper.
NAKAD has raised $7.0M across 1 funding round.
NAKAD has raised $7.0M in total across 1 funding round.
Nakad is a fintech startup founded in 2022 that provides a Reconciliation-as-a-Service platform transforming supply chain finance, primarily for small and medium-sized enterprises (MSMEs) in India.[1][2][3][5] It offers proprietary MicroBill technology to enable invoice financing, lending, and automated reconciliation of financial transactions, addressing cash flow challenges in supply chains.[1][5] Serving the financial services and supply chain management sectors, Nakad has raised $7M in seed funding from investors like Accel, Matrix, AdvantEdge, and angels including founders of Razorpay, Uni, Five Star Business Finance, Zetwerk, and Bizongo, positioning it for growth in digital lending and blockchain-enabled finance.[1][2][3]
With 11-50 employees and operations in Bengaluru (with mentions of Delhi and West Bengal), Nakad targets MSMEs needing working capital credit through tokenization and embedded finance solutions, showing early momentum via its single funding round about three years ago.[1][2]
Nakad was founded in January 2022 (with some sources noting 2021) by Ujwal Kalra (Co-Founder & CEO), Sambhav Jain (Co-Founder & COO), and Avinash Uttav (Co-Founder & CTO), based initially in Delhi and now operating from Bengaluru, India.[1][2][3][4] The founders identified gaps in supply chain finance for MSMEs, leading to the creation of a deep-tier platform for working capital credit via invoice financing and reconciliation.[3] Early traction came swiftly with a $7M seed round from top-tier VCs and notable angels, highlighting investor confidence in their vision for MicroBill technology amid rising demand for alternative lending.[1][2]
This backstory reflects a response to India's burgeoning fintech ecosystem, where supply chain inefficiencies burden small businesses, humanizing Nakad as a founder-driven effort to digitize fragmented finance processes.[1][3]
These features set Nakad apart in competitive digital lending and SCM software spaces by prioritizing speed, ease, and scalability for underserved MSMEs.[2]
Nakad rides the embedded finance and supply chain digitization trend in India's fintech boom, where MSMEs (over 60 million strong) face acute working capital shortages amid post-pandemic recovery and digital transformation.[1][2] Timing aligns with rising blockchain adoption for transparent tokenization and regulatory pushes for alternative lending, amplified by market forces like UPI growth and investor interest in B2B payments.[1][3] By influencing supply chain ecosystems—linking suppliers, buyers, and lenders—Nakad contributes to broader DeFi and Web3 applications in enterprise finance, potentially reducing SME failure rates from cash flow issues.[1]
Nakad is poised for expansion in India's $100B+ supply chain finance market, leveraging MicroBill for partnerships with banks and platforms amid AI-driven reconciliation and blockchain scaling.[1][5] Trends like embedded finance proliferation and MSME credit gaps (projected to hit $500B by 2030) will shape its path, with potential Series A funding to fuel tech enhancements and geographic reach.[2] Its influence may evolve from niche innovator to ecosystem enabler, empowering MSMEs and redefining supply chain resilience—building on its seed momentum to unlock sustainable growth in fintech.
NAKAD has raised $7.0M in total across 1 funding round.
NAKAD's investors include Accel, Vikram Vaidyanathan, Aniket Deb, Ankit Tomar, Arindam Bhattacharya, Harshil Mathur, Nitin Gupta, Pranay Mehrotra, Raghunandan G, Rahul Sharma, Rangarajan Krishnan, Sachin Agrawal.
NAKAD has raised $7.0M across 1 funding round. Most recently, it raised $7.0M Seed in May 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2022 | $7.0M Seed | Accel, Vikram Vaidyanathan | Aniket Deb, Ankit Tomar, Arindam Bhattacharya, Harshil Mathur, Nitin Gupta, Pranay Mehrotra, Raghunandan G, Rahul Sharma, Rangarajan Krishnan, Sachin Agrawal, Sharad Verma, Shashank Kumar, Kunal Khattar |