Nectar (company)

Nectar (company)

Nectar is a company that develops an IoT solution for hospitality and consumer packaged goods industries, founded by Aayush Phumbhra and Prabhanjan Gurumohan.

Nectar is a company that develops an Internet of Things solution for industries such as hospitality and consumer packaged goods industries. The company was founded in 2014 by Aayush Phumbhra and Prabhanjan Gurumohan, in Palo Alto, California.

The goal of Nectar's platform is to change ordering processes to provide more efficiency in collecting inventory data. The company has created hardware and software that gives them the ability to streamline order fulfillment. The target that Nectar aimed for initially was bars and restaurants, and more specifically, tracking liquor supplies that these businesses need.

Nectar has also launched a pour spout and stopper equipped with an ultrasound technology which helps give owners insight to their alcoholic inventory. The ultrasound sensor is capable of capturing the bottle shape and liquid depth and provides data about how much alcohol has been consumed. The data is automatically collected in Nectar's software, which allows owners to reorder with ease.

Timeline

December 8, 2016

Raised $4,550,000 in seed from Compound and four other investors

People

Name
Role
LinkedIn

Aayush Phumbhra

Co-Founder, CEO

John Adelus

Head of Cloud

Prabhanjan Gurumohan

Co-Founder, COO

Vandy Meares

Lead Product Design

Further reading

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Documentaries, videos and podcasts

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Companies

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News

Title
Author
Date
Publisher
Description
WIRED Staff
February 29, 2020
Wired
Having you been scoping out a new mattress or a Nintendo Switch game? It's Leap Day, and there are a lot of great sales going on.
Helen Briggs
October 10, 2019
BBC News
Preserving heather in the natural landscape could have benefits for wild bees, say scientists.
September 25, 2019
WebWire
Based on its recent analysis of the global market for proactive network management and monitoring solutions for enterprises, Frost & Sullivan recognizes Nectar Services Corp with the 2019 Global Customer Value Leadership Award for enabling best-in-class support for cloud, hybrid, and on-premises platforms. Its solution's intuitive, simple, and powerful interface provides support for enterprise IT operations with unmatched session health correlation across the platform, network, and endpo...
Isabelle Kirkwood
September 3, 2019
BetaKit
Nectar, a Montreal-based startup offering a management platform for commercial beekeepers and crop growers, has raised a $1.1 million CAD seed round.
May 23, 2019
WebWire
PALO ALTO, Calif. (May 22, 2019) - Nectar, the company bringing long-overdue innovation to the hospitality industry by tackling the problem of lost revenue and inventory inefficiencies today announced a series of strategic products and leadership steps., , , , Nectar, led by Chegg co-founder Aayush Phumbhra, is unveiling an expanded lineup of its pioneering connected pourers and stoppers that enable real-time pour data, with minimal cost and disruption to bartender behavior. Its hardware and...
Josh Constine
May 22, 2019
TechCrunch
Bars lose 20% of their alcohol to overpours and "free" drinks for friends. That amounts to $50 billion per year in booze that mysteriously disappears, making life tough for every pub and restaurant. Nectar wants to solve that mystery with its ultrasound depth-sensing bottle caps that measure how much liquid is left in a bottle [...]

References

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