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Nakad operates an invoice discounting platform for small and medium-sized businesses.
Founded in 2022 and based in India, Nakad helps MSMEs sell invoices to lenders at a discount based on the creditworthiness of larger companies in their supply chains. The company was founded by Ujwal Kalra, Sambhav Jain, and Avinash Uttav. In May 2022, it raised USD 7 million in seed funding co-led by Accel, Matrix Partners India, and AdvantEdge, with individual investors participating.
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