Founded in 2015, nearbuy.com is India’s leading hyper local Online-to-Offline player with over 68k+ Local merchants across restaurants, spas, salons, movie halls, retail stores, amusement parks & more. A Paytm-funded tech-product company, which offer a services ecommerce platform connecting consumers with India’s largest network of local businesses.
nearbuy.com is formed as a result of a management buyout of Groupon's India business. Sequoia Capital India, along with Groupon, become investors of the company together with the founders Ankur Warikoo, Snehesh Mitra and Ravi Shankar, as well as employees
nearbuy enables customers and local merchants to discover and engage with each other with the tech they’ve built, nearbuy.com brings a whole world of experiences within reach of our consumer – making it convenient and rewarding to discover all that the city has to offer.
In 2017, nearbuy.com merged with Little App, and welcomed Paytm as a strategic investor. With this merger, nearbuy.com+Little now have 88% market share in India’s deals and discounts market. The company continues to be run independently under the management of nearbuy.com’s founders.
The former CEO of nearbuy Ankur Warikoo is the man behind everything. He was the founding CEO of Groupon's India Business and made it a independent company today known nearbuy. With Ankur's great experience of working with startups from his ISB days today he made nearbuy a company with a great value.
Before nearbuy he had worked with SecondShaadi.com and after he joined startup full-time and made Gaadi.com a big one which was later sold to goibibo.com in 2011.
After all this he built nearbuy with a perfect business model and winning a bunch of awards and accolades namely Rank 33 in Great places to work(2017), Brand Excellence in Ecommerce and Internet sector(2013) and many more to the team members too.
Today, Ankur has stepped down as the CEO of nearbuy and is an entrepreneur, teacher, angel investor, content creator, public speaker and mentor, based out of India with a Life Motto: "Do Epic Shit"