Nextspeed Technologies Private Limited Analysis: $40K Raised
What is Nextspeed Technologies Private Limited?
Swipe provides GST invoicing, POS billing, and inventory software for small and medium businesses in India. The product covers invoices, quotations, purchase orders, payments, reports, bulk uploads, Tally sync, and mobile access across Mac, Windows, Android, and iOS. Its LinkedIn profile identifies Swipe as a YC S21 company with 20,348 followers and a Hyderabad headquarters.
Location
Hyderabad, Andhra Pradesh, India
Employees
51-200
Founded
2021
Revenue
$3.81M
Business Model
Subscription-based revenue model with annual billing for premium plans.
Product Features & Capabilities
- Simple GST billing software, create invoices, purchases & quotations in less than 10 seconds, share invoices via WhatsApp and email, unlimited invoices, purchase orders, quotations, delivery challans, sales & GST reports, manage inventory, generate GST reports for filing, payment links and QR codes for faster payments, online store setup, real-time analytics, multiple user accounts, customizable invoices, integrated payment gateway, expense management, profit/loss statements, e-way bills, e-invoices, recurring invoices, SMS campaigns.
Pricing
- E-invoicing Plan: ₹875/month (25% OFF) or ₹625/month (3 years, 45% OFF + 3 months free).
- PRO Plan: ₹308/month (billed annually) or ₹233/month (3 years, +78 days free).
- JET Plan: ₹417/month (billed annually) or ₹308/month (3 years, +78 days free).
- RISE Plan: ₹583/month (billed annually) or ₹417/month (3 years, +78 days free).
- BIZ Plan: Custom pricing for enterprise solutions with various features.
How much Nextspeed Technologies Private Limited raised
1 - $39.9K
April 23, 2021Lead Investor: Riidl
Market Focus
Nextspeed Technologies Private Limited primarily focuses on the software industry, specifically providing GST billing and accounting solutions for small and medium enterprises (SMEs).
Investors
- Y Combinator
- K3 Fund Management Company
- Locus Ventures
- Soma Capital Management
Competitors Overview
Nextspeed Technologies Private Limited, through its product Swipe, operates in the competitive landscape of GST billing and accounting software for small and medium enterprises (SMEs). The main competitors in this market include:
-
Zoho Books: A comprehensive accounting software that offers features like invoicing, expense tracking, and inventory management. It is known for its user-friendly interface and integration with other Zoho products, providing a seamless experience for users.
-
TallyPrime: A well-established accounting software in India, TallyPrime is favored for its robust features, including GST compliance, inventory management, and financial reporting. Its strong brand recognition and extensive user base give it a competitive edge.
-
ClearTax: Primarily known for its tax filing services, ClearTax also offers GST software that simplifies invoicing and return filing. Its advantage lies in its focus on compliance and tax-related features, making it a preferred choice for businesses concerned about regulatory adherence.
-
Vyapar: This software is tailored for small businesses, offering features like invoicing, inventory management, and GST filing. Vyapar's mobile app is a significant advantage, allowing users to manage their accounts on the go.
-
myBillBook: A popular choice among SMEs, myBillBook provides easy invoicing and billing solutions. Its competitive pricing and focus on the Indian market make it a strong contender.
-
Busy Accounting: This software offers a range of features for accounting, inventory management, and GST compliance. Busy is known for its flexibility and customization options, catering to various business needs.
Notable differences and advantages:
- User Experience: Zoho Books and Vyapar are often praised for their intuitive interfaces, making them easier for non-accountants to use.
- Integration: Zoho Books offers extensive integration with other business tools, which can enhance productivity.
- Mobile Accessibility: Vyapar's mobile app allows users to manage their finances on the go, which is a significant advantage for small business owners.
- Brand Trust: TallyPrime's long-standing presence in the market provides it with a level of trust and reliability that newer entrants may lack.
See something that needs updating? Suggest edits to this profile.