About Power2SME
Power2SME is a company based in Gurugram (India) founded in 2012 by Narayan Ramaswamy, Snehashish Bhattacharjee, and Debabrata Majumdar. Power2SME has raised $85.75 million across 10 funding rounds from investors including Accel, International Finance Corporation and Athera Venture Partners. Power2SME operates in a competitive market with competitors including OfBusiness, NowPurchase, JSW One MSME, Ximkart and Tradohub, among others.
- Headquarter Gurugram, India
- Founders Narayan Ramaswamy, Snehashish Bhattacharjee, Debabrata Majumdar
- 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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$85.75 M (USD)
in 10 rounds
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Latest Funding Round
$6.2 M (USD), Debt – Venture
Apr 04, 2018
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Investors
Accel
& 7 more
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Employee Count
Employee Count
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People of Power2SME
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Funding Insights of Power2SME
Power2SME has successfully raised a total of $85.75M across 10 strategic funding rounds. The most recent funding activity was a Debt – Venture round of $6.2 million completed in April 2018. 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 10
- Last Round Debt – Venture — $6.2M
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First Round
First Round
(29 Jun 2012)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Debt – Venture - Power2SME | Valuation |
investors |
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| Jul, 2017 | Amount | Series E - Power2SME | Valuation | Accel , IFC | |
| Sep, 2016 | Amount | Series D - Power2SME | Valuation | Kalaari Capital , Accel |
Investors in Power2SME
Power2SME has secured backing from 8 investors, including venture fund and angel investors. Prominent investors backing the company include Accel, International Finance Corporation and Athera Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
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Venture debt financing is extended to companies across multiple sectors.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Investments in early-stage technology companies are made by Kalaari Capital.
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Founded Year | Domain | Location |
Investments & Acquisitions by Power2SME
Financial Statements - Power2SME
Power2sme Comparisons
Competitors of Power2SME
Power2SME 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, NowPurchase, JSW One MSME, Ximkart and Tradohub, 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 |
Tech-interfaced procurement marketplace is operated for metal manufacturers.
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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 |
An online B2B cross-border trade marketplace offering industrial raw materials
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| domain | founded_year | HQ Location |
Operates an online group buying platform for raw materials tailored to MSMEs.
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Frequently Asked Questions about Power2SME
Power2SME was founded in 2012.
Power2SME is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Narayan Ramaswamy is the current CEO of Power2SME. They have also founded this company.
Power2SME is a funded company, having raised a total of $85.75M across 10 funding rounds to date. The company's 1st funding round was a Series D of $8.49M, raised on Jun 29, 2012.
Power2SME was established in 2012 in Gurugram, India, as a B2B digital marketplace in the industrial e-commerce sector. Multi-category industrial products are offered to small and medium enterprises, facilitating access to raw materials at competitive prices. Working capital financing is provided to support operations. Suppliers are connected with SMEs to streamline procurement processes across the supply chain.
Power2SME's top competitors include NowPurchase, JSW One MSME and OfBusiness.
Power2SME has 8 investors. Key investors include Accel, International Finance Corporation, Athera Venture Partners, InnoVen Capital, and Kalaari Capital.
The valuation of Power2SME is $98.97M as of Jul 2017.