About NowPurchase
NowPurchase is a company based in Kolkata (India) founded in 2017 by Aakash Shah and Naman Shah. NowPurchase has raised $17.19 million across 6 funding rounds from investors including UC Inclusive Credit, Venture Catalysts and Dholakia Ventures. The company has 48 employees as of April 08, 2024. NowPurchase operates in a competitive market with competitors including OfBusiness, Power2SME, JSW One MSME, Ouyeel and Ximkart, among others.
- Headquarter Kolkata, India
- Employees 48 as on 08 Apr, 2024
- Founders Aakash Shah, Naman Shah
- Stage Minicorn
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Sectors
Industrial Goods & ManufacturingRetail
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Email
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Phone
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Website
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Social
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- Legal Name Biz Hero India Private Limited
- Date of Incorporation 19 Aug, 2016
- Jurisdiction Kolkata, West Bengal, India
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Annual Revenue
$22.11 M (USD)60.6as on Mar 31, 2024
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Net Profit
-$885.51 K (USD)-32.75as on Mar 31, 2024
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EBITDA
-$712.62 K (USD)-12.75as on Mar 31, 2024
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Total Equity Funding
$17.19 M (USD)
in 6 rounds
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Latest Funding Round
$8.5 M (USD), Series B
Apr 01, 2026
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Investors
UC Inclusive Credit
& 29 more
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Employee Count
48
as on Apr 08, 2024
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Funding Insights of NowPurchase
NowPurchase has successfully raised a total of $17.19M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $8.5 million completed in April 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $8.5M
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First Round
First Round
(30 Mar 2019)
- Investors Count 30
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2026 | Amount | Series B - NowPurchase | Valuation | Bajaj Finserv | |
| Sep, 2024 | Amount | Debt – Conventional - NowPurchase | Valuation |
investors |
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| Dec, 2023 | Amount | Series A - NowPurchase | Valuation | Info Edge Ventures |
Investors in NowPurchase
NowPurchase has secured backing from 30 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include UC Inclusive Credit, Venture Catalysts and Dholakia Ventures.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm backed by Info Edge and Temasek
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage investments
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Founded Year | Domain | Location | |
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A startup accelerator offering funding and support to early-stage companies.
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Founded Year | Domain | Location |
Investments & Acquisitions by NowPurchase
Financial Statements - NowPurchase
Nowpurchase Comparisons
Competitors of NowPurchase
NowPurchase operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as OfBusiness, Power2SME, JSW One MSME, Ouyeel and Ximkart, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of B2B platform for raw material procurement and credit access
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| domain | founded_year | HQ Location |
Provider of a B2B digital marketplace offering multi-category industrial products
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| domain | founded_year | HQ Location |
Retailer of various steel products including mild, stainless, and structural
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| domain | founded_year | HQ Location |
Online steel trading and supply chain services are provided.
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| domain | founded_year | HQ Location |
An online B2B cross-border trade marketplace offering industrial raw materials
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Frequently Asked Questions about NowPurchase
NowPurchase was founded in 2017 and raised its 1st funding round 2 years after it was founded.
NowPurchase is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
Naman Shah is the current CEO of NowPurchase. They have also founded this company.
NowPurchase is a funded company, having raised a total of $17.19M across 6 funding rounds to date. The company's 1st funding round was a Series A of $6M, raised on Mar 30, 2019.
As of Apr 08, 2024, the latest employee count at NowPurchase is 48.
Annual revenue of NowPurchase is $22.11M as on Mar 31, 2024.
NowPurchase was founded in 2017 in Kolkata, India, as a procurement marketplace focused on the metal manufacturing sector. Software solutions are provided to optimize production processes and streamline procurement activities. Services encompass raw materials distribution, quote generation, quality inspection, and inventory management. Products supplied include power tools, electrical components, fasteners, and industrial bearings, supporting operations across the region.
NowPurchase's top competitors include JSW One MSME, OfBusiness and Power2SME.
NowPurchase has 30 investors. Key investors include UC Inclusive Credit, Venture Catalysts, Dholakia Ventures, 100Unicorns, and Orios Venture Partners.
The valuation of NowPurchase is $8.51M as of Nov 2021.