What is Power2SME?
Founded in 2012 and headquartered in Gurugram, India, Power2SME operates as a specialized buying club and digital marketplace. The platform provides a comprehensive B2B ecosystem that enables SMEs to procure raw materials at competitive prices while simultaneously accessing tailored financing options. By aggregating demand, the company empowers smaller businesses to achieve economies of scale typically reserved for larger corporations, thereby democratizing access to essential industrial resources and credit facilities.
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 Kalaari Capital and Inventus Capital
Series B (2013): $6M led by Inventus Capital, Kalaari Capital, and Accel Partners
Series C (2014): $6.9M supported by Inventus Capital Partners, Accel Partners, and Kalaari Capital
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 Inventus Capital Partners, International Finance, Accel, and Kalaari Capital
Other Financing Round (2017): $26M led by Kalaari Capital, Nandan Nilekani, Inventus Capital, and Accel
Other Financing Round (2018): $6.2M supported by InnoVen Capital
Key Investors in Power2SME
Inventus Capital
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.
Kalaari Capital
Kalaari Capital is a venture capital firm focused on investing in early-stage technology companies in India, providing capital and strategic guidance to foster scalable businesses.
InnoVen Capital
InnoVen Capital is Asia's leading venture lending platform that provides debt capital to high-growth, venture-backed technology companies.
What's next for Power2SME?
Looking ahead, Power2SME is well-positioned to leverage its recent capital infusion to deepen its market penetration and enhance its technological infrastructure. The focus remains on expanding the digital ecosystem to include more diverse raw material categories and refining its proprietary credit assessment models. As the company matures, it is expected to further integrate its financial services with its procurement platform, creating a seamless, end-to-end solution that addresses the liquidity challenges faced by the SME sector. Continued strategic partnerships with institutional investors will likely remain a cornerstone of its long-term growth strategy.
See full Power2SME company page
