Nakad

India's leading Reconciliation-as-a-Service platform

Bengaluru, India · Founded 2022 · $7.0M raised

Headquarters
Bengaluru
Employees
51–200
Founded
2022
Business Model
B2B
Website
nakad.co
Total Funding
$7.0M
Last Round
$7.0M SeedMay 2022
Rounds
1

About

NAKAD is India's leading AR/AP Reconciliation-as-a-Service platform, helping enterprises and consumer brands automate their accounts reconciliation and supply chain finance workflows. Founded in January 2022 by Ujwal Kalra, Sambhav Jain, and Avinash Uttav, NAKAD's core product (ARP) enables 100% accurate ledger reconciliation, automated balance confirmations, MSME status verification, and NOC/NDC generation — all compliant with Indian audit standards. The platform serves 150+ CPG and D2C brands across India and the US, including clients from Tata Group, Instamart, and Zetwerk, who have reported faster monthly closing cycles and freed-up finance team bandwidth. NAKAD has achieved SOC 2 and ISO 27001 certifications and recently launched Roma, an AI-powered deductions management product for CPG brands in the US market.

Summary

Nakad is a Fintech company based in Bengaluru, India, founded in 2022. It has raised $7.0M in total across 1 round, most recently a $7.0M Seed round in May 2022. Investors include Accel, Matrix Partners and AdvantEdge Founders.

Tech & App Stack

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Funding History

SeedSeed RoundMay 2022
$7.0M

Investors

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