Anar Business Community App raises funds from Titan Capital

Anar, a business community platform for almost 70 million businesses in India, has raised an undisclosed amount of funding led by Titan Capital. The funds will be used to strengthen the core product offerings & 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.

Founded in February 2020 by Nishank Jain and Sanjay Bhat, both alumni of IIM Lucknow, Anar has 1 lakh+ 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. Anar is enhancing small & medium business 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.

Nishank Jain, Co-Founder & CEO, Anar, said, “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 less opportunities to do so. This limited their access to new products, markets and most importantly, knowledge and hence reduced their ability to innovate. 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 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.”

Bipin Shah, Partner at Titan Capital said, “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.”

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