NowPurchase
Latest round
- Seed
Last raised
- Nov 2021
Total raised
- $2.3M
Investors
- 2
About NowPurchase
NowPurchase, founded in 2017 in Kolkata, India, specializes in B2B metal procurement solutions. The company was co-founded by Aakash Shah and Naman Shah, with Naman Shah serving as the CEO.6 mn.NowPurchase specializes in B2B metal procurement solutions, primarily through its innovative NP MetalCloud platform. This platform offers seamless integration for businesses to manage their raw material requirements efficiently, catering to the manufacturing sector. It employs AI-led insights and alerts to optimize operations, significantly reducing downtime by up to 30%. With a client base that encompasses metal manufacturers and foundries, NowPurchase serves customers primarily in the Asia-Pacific region, addressing challenges related to supply chain transparency, quality control, and timely procurement.NowPurchase operates on a revenue model that focuses on B2B transactions, where clients engage directly with the platform for procurement needs. The business structure includes subscriptions for regular users of the NP MetalCloud platform, allowing clients to access features such as inventory prediction systems and real-time updates via WhatsApp. Transactions are facilitated through partnerships with various stakeholders in the metal manufacturing industry, ensuring streamlined procurement processes for clients. The company is focused on developing new features and solutions tailored to the evolving needs of its client base. Additionally, there are plans to enter new markets in the Asia-Pacific region, aiming for increased presence by the end of 2026.
Who invested in NowPurchase
2 investors across 1 round
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Funding rounds
Seed
Nov 15, 2021
Amount
$2.3M
Investors
Questions about NowPurchase
Who invested in NowPurchase?
NowPurchase has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has NowPurchase raised?
NowPurchase has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did NowPurchase last raise money?
NowPurchase's most recent round on record is a Seed, in Nov 2021.
What does NowPurchase do?
NowPurchase, founded in 2017 in Kolkata, India, specializes in B2B metal procurement solutions.
Where is NowPurchase headquartered?
NowPurchase is headquartered in Kolkata, India.
Which VCs invest in companies like NowPurchase?
Among active investors with capital left to deploy, MPCi, Luminous Ventures, Zijin Venture Capital and Legend Capital back software companies at NowPurchase's stage. Their profiles are linked below.
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