Power2SME
Power2SME is a B2B "buying club" for Indian SMEs, founded in 2012 by R. Narayan, that aggregates demand from small and medium enterprises to negotiate bulk pricing on raw materials (steel, chemicals, polymers, paints, yarn etc.) from large suppliers, and also offers SME working-capital finance (via its FinanSME arm) and MRO consumables (via SMEShops).
Power2SME: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 4 Apr 2018 | Debt | $6.2 Mn (₹40 Cr) | InnoVen Capital | source |
| 19 Sep 2017 | Series E | $36 Mn | Accel International Finance Corporation (IFC) Inventus Capital Partners Kalaari Capital Nandan Nilekani | source |
| 25 Jan 2016 | Series D | Undisclosed | Accel Inventus Capital Partners Kalaari Capital Nandan Nilekani | source |
| 15 Sep 2014 | Series C | ₹42 Cr | Accel Inventus Capital Partners Kalaari Capital | source |
| 25 Jul 2013 | Series B | $6 Mn | Accel Inventus Capital Partners Kalaari Capital | source |
| 11 Oct 2012 | Series A | ₹10 Cr | Inventus Capital Partners Kalaari Capital | source |
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Who founded Power2SME?
Power2SME was founded by R. Narayan in 2012.
How much funding has Power2SME raised?
Power2SME has raised $57.01 Mn across 6 tracked funding round(s), most recently on 2018-04-04. Figures are compiled from cited public sources.
Who are the investors in Power2SME?
Investors in Power2SME include InnoVen Capital, Accel, International Finance Corporation (IFC), Inventus Capital Partners, Kalaari Capital, Nandan Nilekani.
What does Power2SME do?
Power2SME is a B2B "buying club" for Indian SMEs, founded in 2012 by R. Narayan, that aggregates demand from small and medium enterprises to negotiate bulk pricing on raw materials (steel, chemicals, polymers, paints, yarn etc.) from large suppliers, and also offers SME working-capital finance…
Where is Power2SME headquartered?
Power2SME is headquartered in Gurugram, Haryana, India.
What is Power2SME's business model?
Power2SME's core value proposition centers on Bulk-pricing on raw materials + collateral-free working capital, Demand aggregation for best possible pricing.
How does Power2SME make money?
Power2SME's cited revenue streams include Margin on raw-material and industrial-goods resale, Commissions from financial services + logistics fees.