When was NuvoEx founded?

NuvoEx was founded in 2013 and raised its 1st funding round within a year of its incorporation.

Where is NuvoEx located?

NuvoEx is headquartered in Delhi, India. It is registered at P28, Ashiana Silver Crest, Uppal Southend Sohna Road, Gurgaon, Gurgaon, Haryana, India, 122004.

Which legal entities is NuvoEx associated with?

NuvoEx is associated with PTAP DELIVERY SOLUTIONS PRIVATE LIMITED.

How many employees does NuvoEx have?

As of Aug 31, 2025, the latest employee count at NuvoEx is 681.

Is NuvoEx a funded company?

NuvoEx is a funded company, having raised a total of $47.1M across 4 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Dec 17, 2013.

How much is NuvoEx worth?

The last known valuation of NuvoEx was $***** as of Sep 29, 2015.

When was the latest funding round of NuvoEx?

NuvoEx's latest funding was a $***** Series B round on Sep 29, 2015, with participation from 8 investors.

What is the annual revenue of NuvoEx?

Annual revenue of NuvoEx is ₹24Cr as on Mar 31, 2025.

Where does NuvoEx rank among its competitors?

NuvoEx ranks 10th amongst 160 active competitors, of which 44 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Swap, which secured $100M in Jan, 2026.

Who are the top competitors of NuvoEx?

NuvoEx's top competitors include Happy Returns, Loop Returns and Digimarc. Among them, Swap secured the most recent funding round in January, 2026.

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

NuvoEx is an acquired company based in Delhi (India), founded in 2013 by Navneet Singh and Milind Sharma. It operates as a Reverse flow logistics solutions for e-commerce. NuvoEx has raised $47.1M in funding from Sequoia Capital and Snapdeal, with last known valuation of $*****. The company has 160 active competitors, including 44 funded and 21 that have exited. Its top competitors include companies like Happy Returns, Loop Returns and Digimarc.

Company Details

NuvoEx is a niche logistics services company, focused on solving the reverse logistics problems in the Indian e-commerce industry. NuvoEx aims to provide an end-to-end reverse flow solution to its clients. It provides customized logistics services that include quality checks from warehouse to doorstep.

Website: nuvoex.com
Social
Registered Address: P28, Ashiana Silver Crest, Uppal Southend Sohna Road, Gurgaon, Gurgaon, Haryana, India, 122004

Key Metrics

Founded Year

2013

Location

Delhi, India

Stage

Acquired

Total Funding

$47.1M in 4 rounds

Latest Funding Round

Series B, Sep 29, 2015, $*****

Last Known Valuation

$***** as on Sep 29, 2015

Investors

Sequoia Capital & 18 more

Ranked

10^th among 160 active competitors

Annual Revenue

₹24Cr as on Mar 31, 2025

Employee Count

681 as on Aug 31, 2025

Investment & Acquisitions

Paketts

Similar Companies

Happy Returns & 198 more

Exit Details

Acquired by Shadowfax (Oct 31, 2017)

View NuvoEx's full profile

NuvoEx is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PTAP DELIVERY SOLUTIONS PRIVATE LIMITED CIN: U74140HR2013PTC050222 , India, Active	Aug 31, 2013	$2.83M (As on Mar 31, 2025)	681 (As on Aug 31, 2025)

NuvoEx got acquired by Shadowfax on Oct 31, 2017.

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

NuvoEx has raised a total funding of $47.1M over 4 rounds. Its first funding round was on Dec 17, 2013. Its latest funding round was a Series B round on Sep 29, 2015 for $*****. 8 investors participated in its latest round. NuvoEx has 7 institutional investors and 12 angel investors.

Here is the list of recent funding rounds of NuvoEx:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 29, 2015	8135678	Series B	7576732	9366106	7912274	3835173
Apr 14, 2015	6138996	Series A	7225265	8816481	8698018	Elevation Capital
Dec 01, 2014	2205385	Seed	4747228	9712729	Sequoia Capital	5707244

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View details of NuvoEx's funding rounds and investors

The founders of NuvoEx are Navneet Singh and Milind Sharma.

Here are the details of NuvoEx's key team members:

Navneet Singh: Former Co-Founder of NuvoEx and founder of 2 other companies, PepperTap and Parsler. They are also an angel investor in 3 startups and serve on the boards of 2 companies.
Contact Info: 1 email address
Milind Sharma: Former Co-Founder of NuvoEx and founder of 2 other companies, flyo and PepperTap. They serve on the boards of 2 companies.
Contact Info: 1 email address

NuvoEx's Board of Directors

NuvoEx's board has 2 active members. Navneet Singh and Milind Sharma are part of team.

Here is the list of NuvoEx's board of directors:

Name	Type	Representing	Status	Duration
Navneet Singh	Team	-	Current	12y 6m
Milind Sharma	Team	-	Current	8y 3m

View details of NuvoEx's Founder profiles and Board Members

NuvoEx's employee count trend

NuvoEx has 681 employees as of Aug 25. The total employee count is 53.0% lower than what it was in Aug 24. Here is NuvoEx's employee count trend over the years:

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Top competitors of NuvoEx include Happy Returns, Loop Returns and Digimarc. Here is the list of Top 10 competitors of NuvoEx, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Happy Returns 2015, Los Angeles (United States), Acquired	E-commerce returns and reverse logistics solution for merchants	$24.9M	Upfront Ventures, Lowercase Capital & 6 others	69/100
2nd	Loop Returns 2017, Columbus (United States), Series B	Provider of platform for managing returns, tracking, claims, and fraud prevention	$176M	CRV, FirstMark & 12 others	68/100
3rd	Digimarc 1994, Portland (United States), Public	Provider of anti-counterfeiting solution for brands and retailers	$60M	Herald Investment Management, Philips & 7 others	64/100
4th	Optoro 2010, Washington, DC (United States), Acquired	Asset recovery solutions	$218M	Revolution, Kleiner Perkins & 20 others	62/100
5th	Reveni 2022, Madrid (Spain), Series A	Return management software solutions for e-commerce businesses and brands	$20.3M	JME Venture Capital, 13books Capital & 7 others	58/100
6th	Returngo Technologies 2020, Israel, Acquired	Platform offering data-driven return management platform for online businesses	$11.5M	Trestle Partner, TPY Capital & 8 others	56/100
7th	Swap 2021, London (United Kingdom), Series C	Provider of return intelligence solutions for e-commerce businesses	$149M	Iconiq Capital, QED Investors & 6 others	55/100
8th	Two Boxes 2022, Remote (United States), Series A	Provider of return management software solutons for e-commerce businesses	$9.8M	Peterson Ventures, VINYL & 9 others	52/100
9th	Frate 2022, Austin (United States), Acquired	Platform offering E-commerce returns management	$4.09M	2048 Ventures, Matchstick Ventures & 5 others	52/100
10th	NuvoEx 2013, Delhi (India), Acquired	Reverse flow logistics solutions for e-commerce	$47.1M	Icon Ventures, Sequoia Capital & 17 others	52/100

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Founders own 26.45%, Funds (largest shareholder) own 53.94%, Enterprises own 11.01% and Angels own 2.22%. The net worth of NuvoEx's founders is INR 224Cr as of Sep 29, 2015.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	26.45%	224Cr	1705337	2666710	7638942	7040341
Navneet Singh	3832212	1075686	6781652	3235250	3814879	9452111
Fund	53.94%	456Cr	8043872	7956169	4757519	6520991
Sequoia Capital	5910977	3394178	4598369	2385768	4673088	7648313
Enterprise	11.01%	93.1Cr	1384014	6004735	5161674	1825231
Angel	2.22%	18.7Cr	10	22	36	27
Saurabh Kumar Agarwal	0	0	0	0	0	0
Tauseef Hamid Mukadam	0	0	0	0	0	0
Total	93.62%	792Cr	2134609	7736704	1597919	9503143