Nearby is a technology company.
Nearby has raised $26.0M across 2 funding rounds.
Nearby has raised $26.0M in total across 2 funding rounds.
Nearby has raised $26.0M in total across 2 funding rounds.
Nearby's investors include 01 Advisors, 500 Global, Kevin Hartz, Adverb Ventures, Afore Capital, Alpha Capital Acquisition Company, Ambridge Capital, Canaan Partners, Coatue, DST Global, Electric Capital, Felicis Ventures.
# Nearby Technologies: A High-Level Overview
Nearby Technologies is a fintech company incorporated in India that operates in credit card processing and transaction services. The company is registered as a DIPP Certified Fintech under India's Startup India program and was established in April 2016[1][2].
Based on available information, Nearby Technologies functions as a service provider in the financial technology sector, with a focus on payment processing and transaction infrastructure[1]. The company serves businesses requiring credit card and transaction processing capabilities, addressing the need for reliable payment infrastructure in India's growing digital economy[1][3].
Nearby Technologies was founded in April 2016 and is led by CEO Anand Kumar Bajaj[1]. The company emerged during India's fintech expansion, when digital payment infrastructure was becoming increasingly critical for businesses transitioning to cashless transactions. By securing DIPP certification under the Startup India program, the company positioned itself within India's official startup ecosystem[1].
As of January 2026, Nearby Technologies has grown to employ 501-1,000 people and reports a GST turnover exceeding 500 crores (approximately $60 million USD)[1], indicating substantial operational scale within India's fintech sector.
Nearby Technologies operates within India's expanding fintech infrastructure sector, where payment processing and transaction services remain critical enablers of digital commerce. The company's growth reflects broader trends in India's digital economy, including increased merchant adoption of digital payments and the formalization of small business transactions. As a domestically-focused fintech, it contributes to reducing India's reliance on international payment processors.
Nearby Technologies represents the infrastructure layer of India's fintech ecosystem—less visible than consumer-facing apps but essential for enabling digital transactions. The company's sustained growth and employee expansion suggest continued demand for localized payment processing solutions. Future success will likely depend on adapting to evolving regulatory requirements, competing with both domestic and international payment processors, and potentially expanding beyond transaction processing into adjacent fintech services.
Nearby has raised $26.0M across 2 funding rounds. Most recently, it raised $21.0M Series A in May 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2021 | $21.0M Series A | 01 Advisors, 500 Global, Kevin Hartz, Adverb Ventures, Afore Capital, Alpha Capital Acquisition Company, Ambridge Capital, Canaan Partners, Coatue, DST Global, Electric Capital, Felicis Ventures, FJ Labs, Footwork, Foundation Capital, IDG Ventures, Moonshots Capital, Moxxie Ventures, Obvious Ventures, Penny Jar Capital, Redpoint eventures, Redpoint Ventures, Alexander Rosen, Gil Penchina, Sherpa Ventures, Silverton Partners, SoftBank Investment Advisers, Springdale Ventures, Teamworthy Ventures, TQ Ventures, Saran Chari, Shervin Pishevar, Tim Kendall | |
| Feb 1, 2021 | $5.0M Seed | 01 Advisors, Kevin Hartz, Adverb Ventures, Electric Capital, Felicis Ventures, Footwork, Moonshots Capital, Moxxie Ventures, Obvious Ventures, Penny Jar Capital, Silverton Partners, Springdale Ventures, Teamworthy Ventures |