B2B manufacturing firm Nexprt raises $5-M from Sequoia, Lightspeed, others

Gurugram-based Nexprt, a B2B manufacturing and commerce startup, has raised USD 5 million from Sequoia Capital India and Lightspeed Ventures, with participation from Titan Capital and other angel investors. Nexprt, founded by Harsha Vardhan Kalipatnapu, Manav Garg and Kunal Jain in 2020, will use the new funds to scale the existing business and launch new business verticals in the manufacturing domain. The company aims to build a full-stack vertical commerce business to standardise manufacturing. It is creating category-specific solutions, beginning with the home décor category and expanding to other business verticals.