When was Nextenders founded?

Nextenders was founded in 2002 and raised its 1st funding round 8 years after it was founded.

Where is Nextenders located?

Nextenders is headquartered in Mumbai, India. It is registered at YUCHITJUHUTARAROADSANTACRUZWEST, MUMBAI, Maharashtra, India, 400049.

Which legal entities is Nextenders associated with?

Nextenders is associated with NEXTENDERS (INDIA) PRIVATE LIMITED.

How many employees does Nextenders have?

As of Mar 31, 2025, the latest employee count at Nextenders is 28.

Is Nextenders a funded company?

Nextenders is a funded company, having raised a total of $1.23M across 2 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on May 12, 2010.

How much is Nextenders worth?

The latest valuation of Nextenders is ₹***** as of May 21, 2011.

When was the latest funding round of Nextenders?

Nextenders' latest funding was a $***** Seed round on May 21, 2011, with participation from 1 investor.

What is the annual revenue of Nextenders?

Annual revenue of Nextenders is less than ₹10 Cr as on Mar 31, 2025

Where does Nextenders rank among its competitors?

Nextenders ranks 71st amongst 536 active competitors, of which 84 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Pivot, which secured $40M in May, 2026.

Who are the top competitors of Nextenders?

Nextenders' top competitors include Taulia, Zip and Vayana. Among them, Pivot secured the most recent funding round in May, 2026.

Nextenders - 2026 Company Profile, Team, Funding, Competitors & Financials

Nextenders is a seed company based in Mumbai (India), founded in 2002 by Tapan Mehta. It operates as a Cloud-based suite solutions for procurement management. Nextenders has raised $1.23M in funding from DRC Systems and Rajasthan Venture Capital Fund, with a current valuation of ₹*****. The company has 536 active competitors, including 84 funded and 48 that have exited. Its top competitors include companies like Taulia, Zip and Vayana.

Company Details

Cloud-based suite solutions for procurement management. The company offers enterprise e-procurement, on-demand e-procurement and catalog management using their web-based technology. Company features include the ability to collect and compare supplier bids online, reducing purchasing costs and enabling businesses to find the best deals. The solutions automate the buying process from start to finish, connecting directly to financial and inventory systems to reduce manual work and errors, track spending, and manage stock.

Website: nextenders.com
Social
Email ID: *****@nextenders.com
Phone Number: +91 **********
Registered Address: YUCHITJUHUTARAROADSANTACRUZWEST, MUMBAI, Maharashtra, India, 400049

Key Metrics

Founded Year

2002

Location

Mumbai, India

Stage

Seed

Total Funding

$1.23M in 2 rounds

Latest Funding Round

Seed, May 21, 2011, $*****

Post Money Valuation

₹***** as on May 21, 2011

Investors

DRC Systems & 7 more

Ranked

71^st among 536 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

28 as on Mar 31, 2025

Similar Companies

Omnea & 622 more

View Nextenders' full profile

Nextenders is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
NEXTENDERS (INDIA) PRIVATE LIMITED CIN: U52392MH2000PTC126159 , India, Active	Apr 26, 2000	0 - ₹10 Cr (As on Mar 31, 2025)	28 (As on Mar 31, 2025)

Nextenders has raised a total funding of $1.23M over 2 rounds. Its first funding round was on May 12, 2010. Its latest funding round was a Seed round on May 21, 2011 for $*****. 1 investor participated in its latest round. Nextenders has 4 institutional investors and 4 angel investors.

Here is the list of recent funding rounds of Nextenders:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 21, 2011	4425136	Seed	5092525	3427058	6005260	7018154
May 12, 2010	3749577	Angel	1670929	9680292	John Band	5640743

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View details of Nextenders's funding rounds and investors

The founders of Nextenders is Tapan Mehta.

Here are the details of Nextenders' key team members:

Tapan Mehta: Co-Founder & CEO of Nextenders and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 1 email address

Nextenders' Board of Directors

Nextenders's board has 4 active members. Tapan Mehta, Sujeet Bhatt, John Band and Sumeet Bhatt are part of team.

Here is the list of Nextenders' board of directors:

Name	Type	Representing	Status	Duration
Tapan Mehta	Team	-	Current	24y 1m
Sujeet Bhatt	Team	-	Current	23y 7m
Sumeet Bhatt	Team	-	Current	24y 1m
John Band	Investor	-	Current	22y 9m
aodvrnl	Investor	bqopyzp	Past	9y 2m

View details of Nextenders's Founder profiles and Board Members

Nextenders' employee count trend

Nextenders has 28 employees as of Mar 25. The total employee count is 30.0% lower than what it was in Mar 24. Here is Nextenders's employee count trend over the years:

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Top competitors of Nextenders include Taulia, Zip and Vayana. Here is the list of Top 10 competitors of Nextenders, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Taulia 2009, San Francisco (United States), Acquired	AI-based electronic invoicing and supply chain management solution for businesses	$220M	Trinity Ventures, Zouk Capital & 26 others	73/100
2nd	Zip 2020, San Francisco (United States), Series D	Provider of a platform for procurement orchestration, intake, and spend management	$358M	Y Combinator, Bond Capital & 10 others	65/100
3rd	Vayana 2009, Pune (India), Series D	Provider of a platform facilitating trade credit and supply chain finance	$91.9M	Chiratae Ventures, Trifecta Capital & 27 others	64/100
4th	Omnea 2021, London (United Kingdom), Series B	Provider of web-enabled procurement orchestration solutions for the supply chain	$138M	Insight Partners, Khosla Ventures & 16 others	63/100
5th	Aerchain 2016, Bengaluru (India), Series A	AI and cloud-enabled end-to-end procurement management solutions	$17M	Telama Investments, IndiaMART & 9 others	63/100
6th	PrimeRevenue 2003, Atlanta (United States), Series C	Provider of supply chain finance solutions optimizing cash flow for buyers and suppliers	$104M	Battery Ventures, RRE Ventures & 2 others	62/100
7th	CredAble 2017, Mumbai (India), Series B	Provider of working capital solutions and supply chain finance programs	$49.2M	Equentia Natural Resources, Axis Bank & 138 others	59/100
8th	Procol New York (United States), Series A	Provider of AI procurement software for enterprise procurement management solutions	$11.2M	Blume Venture, GMO Venture Partners & 31 others	59/100
9th	Olea 2003, Singapore (Singapore), Series A	Provider of digital trade finance platform connecting businesses with investors	$30M	BBVA, SC Ventures & 2 others	58/100
10th	Pivot 2023, Paris (France), Series B	Provider of source-to-pay platform streamlining procurement, spend management, and vendor relations	$66.9M	Visionaries Club, Emblem & 14 others	57/100
71st	Nextenders 2002, Mumbai (India), Seed	Cloud-based suite solutions for procurement management	$1.23M	Rajasthan Venture Capital Fund, VectorNXG ... & 6 others	36/100