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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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 |
| 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 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. 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 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 |
| 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 Power2SME
| 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 - Power2SME
| 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 |
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. 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 |
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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| 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 Power2sme
Frequently Asked Questions about Power2SME
When was Power2SME founded?
Power2SME was founded in 2012.
Where is Power2SME located?
Power2SME is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Power2SME?
Narayan Ramaswamy is the current CEO of Power2SME. They have also founded this company.
Is Power2SME a funded 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.
What does Power2SME do?
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.
Who are the top competitors of Power2SME?
Power2SME's top competitors include NowPurchase, JSW One MSME and OfBusiness.
Who are Power2SME's investors?
Power2SME has 8 investors. Key investors include Accel, International Finance Corporation, Athera Venture Partners, InnoVen Capital, and Kalaari Capital.
What is Power2SME's valuation?
The valuation of Power2SME is $98.97M as of Jul 2017.
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