NowPurchase raises ₹80 crore
NowPurchase raised ₹80 crore led by Bajaj Finserv to scale its AI‑powered procurement platform for India’s metals supply chain, signalling rising VC interest in procurement automation and dynamic vendor management. The funding aims to expand AI use cases in procurement and inventory management. (newskart.com)
Announcement of the round was dated April 1, 2026, and several outlets classify the deal as a Series B for NowPurchase. (vccircle.com) Existing backers Info Edge Ventures and Orios Venture Partners participated alongside individual investors and family offices such as Shikhar Raj, Real Ispat Group and Madhur Gupta, according to founder disclosures. (yourstory.com) NowPurchase was founded in 2017 by Aakash Shah and Naman Shah and is headquartered in Kolkata, operating a tech‑interfaced marketplace for metal manufacturers. (tracxn.com) Public filings and data providers show NowPurchase reported revenue of about Rs 330.5 crore for the year ended March 2025 and a net loss of roughly Rs 6.3 crore. (economictimes.indiatimes.com) The company promotes MetalCloud as its AI stack for inventory forecasting, defect detection using computer vision and real‑time price signals, while claiming a customer base of 250+ metal manufacturers. (nowpurchase.com) Founders and media briefings indicate a portion of the capital will be allocated to scrap‑recycling infrastructure and launching a branded product portfolio alongside further R&D on MetalCloud. (knowstartup.com) Market trackers list JSW One MSME, OfBusiness and Metalbook among NowPurchase’s closest digital competitors in India’s industrial raw‑material procurement space. (pitchbook.com)
