Get All Access for $5/mo

Anar Raises Investment From Titan Capital Funds will be utilized to enhance the core products offering

By Prabhjeet Bhatla

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Anar

Business community platform Anar on Thursday announced to have raised an undisclosed amount of funding led by Titan Capital.

The funds will be used to strengthen the core product offerings and make the platform more useful for users.

A significant pie of the funds will be utilized in building a technology stack that will allow the platform to deliver a better experience for its users.

"Before Anar, networks of all small businesses used to be limited to local businesses in their area/town and their current buyers/suppliers. Most of them find it difficult to build a larger network offline as there are fewer opportunities to do so. This limited their access to new products, markets, and most importantly, knowledge and hence reduced their ability to innovate," said Nishank Jain, co-founder, and chief executive officer, Anar.

Founded in February 2020 by Nishank Jain and Sanjay Bhat, both alumni of IIM-Lucknow, Anar has over 100,000 businesses registered on the platform. Businesses are using the app to connect to each other across India and are sharing information in a way never experienced before.

"With Anar, their networks are now spreading all across India. This new-found discovery and knowledge will help them innovate in ways never imagined before. We have been lucky to get tremendous trust and support from the small and medium business (SMB) community. We are also immensely grateful to the industry leaders for trusting us and for investing in our venture. The support and guidance from these prominent players will indeed allow us to strengthen our core business in India," Jain further added.

Anar is enhancing SMB communities by helping them to build their network online and offline providing access to new products, current market trends, and knowledge to innovate their venture into the broader market, the company shared.

"We are happy to partner with a unique platform like Anar. This amazing initiative from the young and talented team has a vast potential to revolutionize India's small and medium businesses," commented Bipin Shah, partner, Titan Capital.

Earlier, networks of all small businesses were limited to the local businesses in their area/town and to their current buyers/suppliers, and the company has claimed to be bridging this gap. The business community platform helps small and medium businesses create their free profile and grow the business network all over India.

Prabhjeet Bhatla

Former Staff

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

News and Trends

Blinkit Enters 10-Minute Food Delivery with Bistro App Launch

Bistro will cater to customers seeking quick access to snacks and ready-to-eat items like sandwiches, samosas, and coffee.

News and Trends

YouTuber Bhuvan Bam Joins Sexual Wellness Brand Peppy as Co-Founder and Investor

Peppy products are available on major e-commerce platforms like Amazon, Meesho, Flipkart, Tata 1mg, and Hyugalife.

Growth Strategies

Tata Motors: 45% Of EV Sales Come From Smaller Towns; Targets Installing Community Chargers

Category acceptance from smaller towns is the key to growth and we have achieved it, Vivek Srivatsa, chief commercial officer, Tata Passenger Electric Mobility

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

'It's Not About You': How to Fire Someone Effectively, According to Kevin O'Leary

O'Leary says that if you can't fire someone, you aren't the right leader for the organization.