B2B networking app for SMEs Anar raises $6.2 M from Elevation Capital, Accel, others

Anar, a Mumbai-based B2B business networking platform, has raised USD 6.2 million (about INR 45.6 crore) in a seed funding round co-led by Elevation Capital and Accel India. The round also saw participation from First Cheque and Utsav Somani (iSeed and Partner, AngelList India), Ranjeet Pratap Singh (Pratilipi co-founder and CEO), Farid Ahsan (ShareChat co-founder), Vidit Aatrey and Sanjeev Barnwal (Meesho co-founders) and Shashvat Nakrani (BharatPe co-founder). The company will use the funds raised to strengthen the product and the technology capabilities. Launched in February 2020, the Anar business app caters primarily to small and medium businesses (SMBs) across the value chain, helping them connect and interact with one another. The platform claims to have gained over two lakh registered businesses.