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Power2SME
About
Power2SME is a group buying site that provides inks, steel, polymers, paints and chemicals for small and medium enterprises in India.
- 101 - 250
Highlights
Details
- Last Funding Type
- Series E
- Last Funding Money Raised
- $26M
- Industries
- B2B,Enterprise Software,Small and Medium Businesses
- Founded date
- Jan 1, 2012
- Number Of Employee
- 101 - 250
- Operating Status
- Active
Power2SME is the first ‘Buying Club’ for small and medium enterprises (SMEs) in India. The company was formed with the vision to “Empower SMEs to enable the India growth story”. Our focus is on reducing SME’s purchase prices and increasing productivity by taking on the role of sourcing input raw materials at the most competitive price points across multiple products in categories like Chemicals, Metals & Polymers. We pool the demand of SMEs for multiple products for their business needs and buy directly from the manufacturer to sell to the SME directly. Through this process, we obtain the optimal pricing & a large pool of quality supplier.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Apr 4, 2018 | Debt Financing | $6.20M | 1 |
InnoVen Capital
|
— | Detail |
| Sep 19, 2017 | Series E | $26M | 1 | — | — | Detail |
| Jan 25, 2016 | Series D | $20M | 1 | — | — | Detail |
| Sep 15, 2014 | Series C | $6.80M | 1 | — | — | Detail |
| Jul 24, 2013 | Series B | $6M | 1 | — | — | Detail |
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
InnoVen Capital
|
Yes | Debt Financing |
Kalaari Capital
|
— | Series E |
