What is Power2SME?
Founded in 2012 and headquartered in Gurugram, India, Power2SME operates as a buying club, offering a business-to-business digital ecosystem. This platform facilitates raw material procurement and provides financing solutions at more competitive prices. The company's strategic approach to streamlining supply chain operations and offering financial flexibility positions it as a key player in its sector, aiming to empower small and medium-sized enterprises with cost-effective resources and capital.
How much funding has Power2SME raised?
Power2SME has raised a total of $113.8M across 8 funding rounds:
Series A
$2M
Series B
$6M
Series C
$6.9M
Series D
$20.7M
Multiple Rounds
$72M
Other Financing Round
$6.2M
Series A (2012): $2M with participation from Inventus Capital and Kalaari Capital
Series B (2013): $6M led by Accel Partners, Inventus Capital, and Kalaari Capital
Series C (2014): $6.9M supported by Accel Partners, Kalaari Capital, and Inventus Capital Partners
Series D (2016): $20.7M featuring Accel Partners, Inventus Capital, and Kalaari Capital
Private Equity (2017): $10M backed by International Finance Corporation
Series E (2017): $36M with participation from Kalaari Capital, Inventus Capital Partners, International Finance, and Accel
Other Financing Round (2017): $26M led by Accel, Nandan Nilekani, Inventus Capital, and Kalaari Capital
Other Financing Round (2018): $6.2M supported by InnoVen Capital
Key Investors in Power2SME
Kalaari Capital
Kalaari Capital is a venture capital firm focused on investing in early-stage technology companies in India. The firm aims to support startups across various sectors, including FMCG, eCommerce, and SaaS, by providing capital and strategic guidance. Their portfolio includes innovative companies like ElasticRun, Eloelo, and Zluri, which leverage technology to enhance their operations and customer engagement. Kalaari Capital is dedicated to fostering the growth of India's startup ecosystem and empowering entrepreneurs to build scalable businesses.
Inventus Capital Partners
Inventus Capital is a venture capital firm that specializes in leading Seed rounds for Silicon Valley startups, providing them with the necessary support to reach Series A milestones. The team adopts a nurturing approach, acting as coaches and collaborators rather than mere observers, and has a proven track record of helping hundreds of entrepreneurs succeed over 20 years. With a focus on AI and a deep understanding of startup dynamics, Inventus Capital plays a pivotal role in guiding companies through critical growth phases, from initial pitches to significant funding rounds. Their portfolio includes numerous successful startups and they are committed to fostering innovation in the technology sector.
International Finance
International Finance Corporation operates as a multilateral financial institution dedicated to mobilizing capital and expertise for sustainable development across emerging markets. The organization provides comprehensive financial solutions that combine investment capital, strategic advisory services, and sophisticated asset management capabilities to support private sector growth and infrastructure development in developing economies. The institution's core competency lies in structuring complex financial transactions that bridge gaps between private investors and development opportunities. Through its investment operations, the organization deploys capital across diverse sectors including energy, telecommunications, financial services, and manufacturing. The advisory services division works alongside governments and private enterprises to strengthen institutional capacity, improve governance frameworks, and develop market infrastructure.
What's next for Power2SME?
The recent strategic investment signals a new phase of expansion for Power2SME. This capital infusion is expected to fuel further development of its digital ecosystem, enhance its financing capabilities, and potentially broaden its geographical reach. The company's focus on providing competitive pricing and financial support to businesses suggests a strategy geared towards capturing a larger market share and solidifying its position as a vital partner for raw material sourcing and financial management in the enterprise sector.
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