About NowPurchase
NowPurchase is a company based in Kolkata (India) founded in 2017 by Aakash Shah and Naman Shah.. NowPurchase has raised $8.69 million across 5 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
$8.69 M (USD)
in 5 rounds
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Latest Funding Round
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Investors
UC Inclusive Credit
& 27 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 $8.69M across 5 strategic funding rounds. 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 5
- Last Round Last Round
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First Round
First Round
(30 Mar 2019)
- Investors Count 28
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Debt – Conventional - NowPurchase | Valuation |
investors |
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| Dec, 2023 | Amount | Series A - NowPurchase | Valuation | Info Edge Ventures | |
| Nov, 2021 | Amount | Seed - NowPurchase | Valuation | Orios Venture Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in NowPurchase
NowPurchase has secured backing from 28 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include UC Inclusive Credit, Venture Catalysts and Dholakia Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| 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 |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by NowPurchase
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - NowPurchase
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| 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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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nowpurchase
Frequently Asked Questions about NowPurchase
When was NowPurchase founded?
NowPurchase was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is NowPurchase located?
NowPurchase is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
Who is the current CEO of NowPurchase?
Naman Shah is the current CEO of NowPurchase. They have also founded this company.
Is NowPurchase a funded company?
NowPurchase is a funded company, having raised a total of $8.69M across 5 funding rounds to date. The company's 1st funding round was a Seed of $2.4M, raised on Mar 30, 2019.
How many employees does NowPurchase have?
As of Apr 08, 2024, the latest employee count at NowPurchase is 48.
What is the annual revenue of NowPurchase?
Annual revenue of NowPurchase is $22.11M as on Mar 31, 2024.
What does NowPurchase do?
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.
Who are the top competitors of NowPurchase?
NowPurchase's top competitors include JSW One MSME, OfBusiness and Power2SME.
Who are NowPurchase's investors?
NowPurchase has 28 investors. Key investors include UC Inclusive Credit, Venture Catalysts, Dholakia Ventures, 100Unicorns, and Orios Venture Partners.
What is NowPurchase's valuation?
The valuation of NowPurchase is $8.51M as of Nov 2021.
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