When was NowFloats founded?

NowFloats was founded in 2012 and raised its 1st funding round within a year of its incorporation.

Where is NowFloats located?

NowFloats is headquartered in Hyderabad, India. It is registered at Vamsirams Jubilee Casa, Plot No. 1246, Road No. 62, Jubilee Hills, Hyderabad, Shaikpet, Telangana, India, 500033.

Which legal entities is NowFloats associated with?

NowFloats is associated with Nowfloats Technologies Limited.

How many employees does NowFloats have?

As of Aug 31, 2025, NowFloats has 102 employees, reflecting a 32% year-over-year decline in headcount.

Is NowFloats a funded company?

NowFloats is a funded company, having raised a total of $30.5M across 9 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Jun 2012.

How much is NowFloats worth?

The last known valuation of NowFloats was $***** as of Dec 12, 2019.

When was the latest funding round of NowFloats?

NowFloats' latest funding was a $***** Series B round on Oct 09, 2018, with participation from 16 investors.

What is the annual revenue of NowFloats?

Annual revenue of NowFloats is between ₹10 Cr and ₹50 Cr as on Mar 31, 2026

Where does NowFloats rank among its competitors?

NowFloats ranks 20th amongst 4054 active competitors, of which 95 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Marg ERP, which secured $45.7M in Jul, 2025.

Who are the top competitors of NowFloats?

NowFloats' top competitors include The Access Group, Visma and SpotOn. Among them, Marg ERP secured the most recent funding round in July, 2025.

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

NowFloats is an acquired company based in Hyderabad (India), founded in 2012 by Ronak Kumar Samantray, Jasminder Singh Gulati and Nitin Jain. It operates as a Provider of SaaS platform for online website creation. NowFloats has raised $30.5M in funding from investors like IIFL Finance, Iron Pillar and 360 One, with last known valuation of $*****. The company has 4054 active competitors, including 95 funded and 96 that have exited. Its top competitors include companies like The Access Group, Visma and SpotOn.

Company Details

NowFloats is a provider of SaaS platform for online website creation. It enables SMEs to get an online presence by using SMS or through a mobile app. Additionally, the company's algorithm ensures the highest discoverability through intelligent Search Engine Optimization (SEO). The website created also allows business owners to engage with customers. NowFloats offers a subscription (via SMS/email) for businesses to update offerings with the latest content and enables owners to know in real-time what search queries are bringing visitors to the site.

Website: nowfloats.com
Social
Email ID: *****@nowfloats.com, *****@nowfloats.com
Phone Number: +91 **********
Registered Address: Vamsirams Jubilee Casa, Plot No. 1246, Road No. 62, Jubilee Hills, Hyderabad, Shaikpet, Telangana, India, 500033

Key Metrics

Founded Year

2012

Location

Hyderabad, India

Stage

Acquired

Total Funding

$30.5M in 9 rounds

Latest Funding Round

Series B, Oct 09, 2018, $*****

Last Known Valuation

$***** as on Dec 12, 2019

Investors

IIFL Finance & 68 more

Ranked

20^th among 4054 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2026

Employee Count

102 as on Aug 31, 2025

Investment & Acquisitions

Lookup

Similar Companies

The Access Group & 2194 more

Exit Details

Acquired by Reliance Industries (Dec 12, 2019)

View NowFloats' full profile

NowFloats is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Nowfloats Technologies Limited CIN: U72200TG2012PLC080822 , India, Active	May 09, 2012	₹10 - ₹50 Cr (As on Mar 31, 2026)	112 (As on Apr 01, 2026)

NowFloats got acquired by Reliance Industries on Dec 12, 2019 at an acquisition amount of $*****.

Click here to take a look at NowFloats's acquisition in detail

NowFloats has raised a total funding of $30.5M over 9 rounds. Its first funding round was on Jun 2012. Its latest funding round was a Series B round on Oct 09, 2018 for $*****. 16 investors participated in its latest round. NowFloats has 28 institutional investors and 41 angel investors.

Here is the list of recent funding rounds of NowFloats:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 09, 2018	3602779	Series B	2411332	2216366	9463533	2791658
Mar 20, 2018	4417617	Conventional Debt	7557919	6625660	8170692	BlackSoil
Feb 01, 2018	6222125	Series B	7259439	7013560	360 One & 1 more	Iron Pillar & 3 more

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View details of NowFloats's funding rounds and investors

The founders of NowFloats are Ronak Kumar Samantray, Jasminder Singh Gulati and Nitin Jain.

Here are the details of NowFloats' key team members:

Ronak Kumar Samantray: Former Co-Founder of NowFloats and founder of 2 other companies, Boost 360 and Bolt Auto Technologies. They are also an angel investor in 1 startup and serve on the boards of 2 companies.
Contact Info: 1 email address and 1 phone number
Jasminder Singh Gulati: Co-Founder of NowFloats and founder of 2 other companies, Full Stack and Boost 360. They are also an angel investor in 11 startups and serve on the boards of 3 companies.
Contact Info: 1 email address and 1 phone number
Nitin Jain: Co-Founder of NowFloats and founder of 4 other companies, including Boost 360, Kitsune and Click Corporation. They serve on the board of 1 company.
Contact Info: 2 email addresses and 1 phone number

NowFloats' Board of Directors

NowFloats's board has 7 active members. Ronak Kumar Samantray, Kshitij Marwah and Nitin Jain are part of team and Ravi Navinchandra Karia, Nageswaran Ravichandran, Balasubrmanian Chandrasekaran and Anish Keshavlal Shah are independent board members.

Here is the list of NowFloats' board of directors:

Name	Type	Representing	Status	Duration
Kshitij Marwah	Team	-	Current	6y 10m
Nitin Jain	Team	-	Current	6y 6m
tyeizdw	Team	-	Past	3y 3m
{{hbwpv	Team	-	Past	9y 1m
yeutdvi	Investor	oeqxgvi	Past	8y 7m
orskrej	Investor	lcljqld	Past	3y 7m
zrochds	Investor	pdr{uqs	Past	9y 3m
ugzekom	Investor	edvzyyz	Past	3y 3m
Ravi Navinchandra Karia	Independent board member	-	Current	5y 0m
rlquwpy	Independent board member	-	Current	3y 4m
cpkoukz	Independent board member	-	Past	1y 8m
nagwcrw	Independent board member	-	Past	7y 9m

View details of NowFloats's Founder profiles and Board Members

NowFloats' employee count trend

NowFloats has 102 employees as of Aug 25. The total employee count is 33.0% lower than what it was in Aug 24. Here is NowFloats's employee count trend over the years:

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Top competitors of NowFloats include The Access Group, Visma and SpotOn. Here is the list of Top 10 competitors of NowFloats, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	The Access Group 1991, Loughborough (United Kingdom), Late Stage	Provider of business management software for diverse commercial industry sectors	$1.49B	Lyceum Capital, Hg & 23 others	80/100
2nd	Visma 1996, Oslo (Norway), Acquired	Developer of cloud software for business management and accounting tasks	-	GIC, General Atlantic & 27 others	78/100
3rd	SpotOn 1999, San Francisco (United States), Series F	Provider of point of sale systems and restaurant management software	$923M	Andreessen Horowitz, Dragoneer Investment Group ... & 17 others	78/100
4th	Khatabook 2018, Bengaluru (India), Series C	App-based bookkeeping management solutions for small businesses	$187M	Y Combinator, B Capital & 54 others	75/100
5th	Sage 1981, Newcastle Upon Tyne (United Kingdom), Public	Provider of cloud-based enterprise software solutions for accounting, finance, and people management	-	Itz Cash Card, Sumitomo & 48 others	74/100
6th	Tailor Brands 2014, Tel Aviv (Israel), Series C	Machine Learning based content creation solution provider	$70.6M	Pitango, Armat Group & 5 others	71/100
7th	HoneyBook 2013, San Francisco (United States), Series E	Provider of business management software for small independent service providers	$479M	Vintage Investment Partners, Durable Capital Partners ... & 44 others	71/100
8th	MYOB 1991, Cremorne (Australia), Acquired	Developer of business management software including accounting and payroll solutions	-	CVC, VantEdge Partners & 3 others	71/100
9th	ECi Solutions 1999, Westlake (United States), Acquired	Cloud-based enterprise resource planning software provider for SMEs	-	Ardian, Goldman Sachs & 13 others	69/100
10th	Marg ERP 1992, Delhi (India), Series C	Developer of software for retail, distribution, and manufacturing business management	$45.7M	Jashvik Capital, API Holdings	68/100
20th	NowFloats 2012, Hyderabad (India), Acquired	Provider of SaaS platform for online website creation	$30.5M	BlackSoil, 360 One & 67 others	55/100

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Nowfloats Technologies Limited, the legal entity associated with NowFloats, generated between ₹10 Cr and ₹50 Cr in revenue for the financial year ending on Mar 31, 2026. The revenue of Nowfloats Technologies Limited has a compounded annual growth rate (CAGR) of -15% in the last 1 year.

Financial Statement Summary

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22
Income Statement
Revenue	8901	9693	7050	8222	1503
Total Sales	4879	6375	9923	1013	5500
Total Expenses	8545	2473	2901	7787	1776
Operating Expenses	3728	4605	8350	6539	8108
Employee Expenses	5831	6495	3774	9914	8160
Marketing Expenses	3186	6590	9301	2114	6634
Operating Income (EBIT)	1900	4844	5976	8669	3739
Interest Expenses	7859	6744	8792	1495	6719
Expenses from other activities	1854	4583	8569	8001	1220
Information Technology Expenses	1444	9456	8709	4106	5358
EBITDA	1709	1387	6915	8356	8679
Taxes	3802	1606	6209	4381	4591
Net Profit	1051	1529	7235	1787	7916
Balance Sheet
Assets	5118	1560	2185	6120	1841
Cash Equivalent	5226	7601	7318	7988	7634
Accounts Receivables	5011	1659	3536	2202	5299
Inventory	5936	6169	9398	6401	4099
Liabilities	9796	9122	4683	4675	3988
Total Debt	2510	7543	4656	9830	4051
Accounts Payable	9451	8546	1566	4640	5283
Equities	3579	5001	4096	7634	6973
Cashflow Statement
Cash from Operating activities	7980	9805	3181	1584	6309
Cash from Investing activities	1278	3103	5206	7016	8064
Net cash from Financing activities	6035	9364	2932	7687	8293