Anar, a B2B networking platform for small and medium enterprises, has shut down operations after approximately 4.5 years, returning remaining capital to investors. Founded in 2020 and backed by firms like Elevation Capital and Accel India, the startup struggled with low user retention and failed to deliver sufficient value to sellers, particularly after difficult shifts in business models during 2023. At its closure, the platform listed over 1.5 million SMBs and 6.6 million products. Co-founder Nishank Jain cited the inability to solve enough problems for sellers as a key reason for the shutdown, while hinting at a future venture in the AI space.
