B2B business networking platform Anar has raised $6.2 million in a seed funding round co-led by Elevation Capital and Accel India. This round also saw participation from First Cheque and Utsav Somani (iSeed and Partner, AngelList India), along with some of the product-centric founders, including Ranjeet Pratap Singh (Co-founder & CEO, Pratilipi), Farid Ahsan (Co-founder, ShareChat), Vidit Aatrey and Sanjeev Barnwal (Co-founders, Meesho), and Shashvat Nakrani (Co-founder, BharatPe).
The company will use the funds raised to strengthen the product and its technical capabilities.
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Launched in February 2020 by IIM Lucknow alumni Nishank Jain and Sanjay Bhat, the Anar business app caters primarily to small-and-medium businesses (SMBs) across the value chain, from manufacturers to retailers and resellers, helping them connect and interact with one another.