

NowPurchase
878 posts

@NowPurchase
Transforming Procurement & Production for India’s $140B Metal Manufacturing Industry. Backed by ₹80 Cr to scale faster 🚀













Indian-founded @NowPurchase raises ₹80 Cr (~$9.5M) led by @Bajaj_Finserv to scale its AI-powered 'MetalCloud' platform, digitizing the metal manufacturing supply chain. Read More: globalindianalpha.com/nowpurchase-ra… @InfoEdgeVC @OriosVP @PositiveNaman @LeoCapitalVC

Manufacturing materials marketplace @NowPurchase has secured ₹80 Cr (about $8.5 Mn) in a funding round led by Bajaj Finserv. The round also saw participation from its existing backers InfoEdge Ventures, Orios Venture Partners and Real Ispat Group, and individual investors and family offices including S Four Capital partner Shikhar Raj, Lloyds Group promoter and director Madhur Gupta, among others.👇 The startup plans to use the fresh capital to strengthen its core offerings like scrap recycling, expanding its branded products portfolio and scaling its AI-powered SaaS platform, MetalCloud. Founded in 2017 by Naman Shah (@PositiveNaman) and Aakash Shah, NowPurchase operates a marketplace for procuring manufacturing raw materials like metal scrap, carbon additives, ferro alloys, among others. 🔗 Read the full article here: 4-2.co/4m386GN #Inc42 #news #Startups #Startupfundings #Manufacturing













