Nector - About the company
Nector is a seed company based in Mumbai (India), founded in 2021 by Ayush Shukla and Omar Qureshi. It operates as a SaaS based loyalty management software solutions for customer engagement. Nector has raised $482K in funding from LetsVenture and Angel List, with a current valuation of ₹*****. The company has 1386 active competitors, including 225 funded and 155 that have exited. Its top competitors include companies like Klaviyo, Yotpo and Rokt Technologies.
Company Details
SaaS based loyalty management software solutions for customer engagement. It helps businesses to enhance customer retention and conversion rates on the website. conversion rates on the websites. It offers customizable loyalty programs, referral systems, and review integrations. The software feature includes rewards management, loyalty management, tracks of reward users on purchases, sign ups, referrals, social media follows, reviews, analytics and reports on customer behavior, cross selling of products, APIs, and web SDK for mobile integration, and more.
- Website
- www.nector.io/
- Social
- Email ID
- *****@nector.io
- Phone Number
- +91 **********
- Registered Address
- Floor - 2, Plot - 264/265,Vaswani Chambers, Dr Annie Besant Road, Worli Colony, Worli Colony, Mumbai, Mumbai, Maharashtra, India, 400030
Key Metrics
Founded Year
2021
Location
Mumbai, India
Stage
Seed
Total Funding
$482K in 2 rounds
Latest Funding Round
Post Money Valuation
₹***** as on Aug 18, 2022
Investors
Ranked
39th among 1386 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
133 as on Sep 30, 2026
Legal entities associated with Nector
Nector is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
SEVEN BILLION TECHNOLOGIES PRIVATE LIMITED CIN: U72900MH2021PTC368560 , India, Active | Sep 30, 2021 | 0 - ₹10 Cr (As on Mar 31, 2025) | - |
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Nector's funding and investors
Nector has raised a total funding of $482K over 2 rounds. Its first funding round was on May 05, 2022. Its latest funding round was a Seed round on Aug 18, 2022 for $*****. 13 investors participated in its latest round. Nector has 7 institutional investors and 13 angel investors.
Here is the list of recent funding rounds of Nector:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 18, 2022 | 5503840 | Seed | 6798324 | 7540800 | 7201548 | 8629292 |
May 05, 2022 | 9784106 | Seed | 6106213 | 5772594 | 2135269 |
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Nector's founders and board of directors
Founder? Claim ProfileHere are the details of Nector's key team members:
- Ayush Shukla: Co-Founder & CEO of Nector. They serve on the board of 1 company.Contact Info: 1 email address
- Omar Qureshi: Co-Founder of Nector and founder of 1 other company. They serve on the board of 1 company.Contact Info: 1 email address
Nector's Board of Directors
Nector's board has 2 active members. Ayush Shukla and Omar Qureshi are part of team.Here is the list of Nector's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 4y 11m | |
Team | - | Current | 4y 11m |
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Nector's employee count trend
Nector has 133 employees as of Sep 26. Here is Nector's employee count trend over the years:
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Nector's Competitors and alternates
Top competitors of Nector include Klaviyo, Yotpo and Rokt Technologies. Here is the list of Top 10 competitors of Nector, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Klaviyo 2012, Boston (United States), Public | SaaS-based e-mail marketing software solutions for e-commerce businesses | $778M | 82/100 | |
2nd |  Yotpo 2011, New York City (United States), Series F | Cloud-based marketing platform for e-tailers | $436M | 75/100 | |
3rd | Rokt Technologies 2012, United States, Series E | Personalized marketing tools for e-commerce businesses | $488M | 73/100 | |
4th |  Riskified 2013, New York City (United States), Public | AI-based payment fraud prevention solutions for e-commerce solution | $232M | 73/100 | |
5th | CommerceIQ 2012, Mountain View (United States), Series D | Provider of unified AI platform for retail ecommerce sales and optimization | $196M | 71/100 | |
6th | Signifyd 2011, Palo Alto (United States), Series E | Provider of fraud prevention and payment validation for online retailers | $394M | 70/100 | |
7th | Magnetic 2008, New York City (United States), Acquired | Search retargeting platform | $47.8M | 69/100 | |
8th |  Bango 1999, Cambridge (United Kingdom), Public | Provider of marketing solutions for e-commerce businesses | - | 68/100 | |
9th |  Nitro Commerce 2023, Gurugram (India), Series A | Developer of software tools for managing online commerce business operations | $6.95M | 68/100 | |
10th |  Emotive 2018, Los Angeles (United States), Acquired | SMS marketing solution provider | $73.9M | 68/100 | |
39th | SaaS based loyalty management software solutions for customer engagement | $482K | 52/100 |
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Nector's Investments and acquisitions
Nector has made no investments or acquisitions yet.
Reports related to Nector
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