NowPurchase, a procurement technology company for the metal manufacturing industry, has raised $2.4 million in a seed funding round led by Orios Venture Partners and InfoEdge Ventures. Angel investor Neeraj Arora (ex-WhatsApp global business head & Co-Founder HalloApp) also participated in the round.
The Kolkata-based company will use the new funds towards expanding its procurement business by establishing a global supplier base and expanding into other parts of India. NowPurchase will also use the funds to further strengthen the technology team to build out its procurement platform and expand the offering of its manufacturing intelligence software-MetalCloud.
Naman Shah, Founder &