Power2SME

lendingsme financing

FOUNDING YEAR: 2012
LOCATION: India
Last Update: 01/05/2020

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About

Power2SME is the first Buying Club for the small and medium enterprises in India. Our mission is to Empower SMEs to enable the India growth story

MEDICI Analysis

Power2SME is a B2B marketplace and lending platform for SMEs. The online lending platform provides finance to small and medium-sized enterprises.

Focus

PRODUCTS & SERVICES

It offers FinanSME.com, a platform that connects SMEs seeking loans with lenders. It assists them in procuring working capital finance from banks and NBFCs for purchases on its platform.

MAIN CLIENTS

Small Businesses and Enterprises

EXISTING PARTNERSHIPS

The company is in partnership with ACC

Dulux

Godrej

Bayer

Indian Oil

Dulux

Kamdhenu Steel

Sail

Rathi steel bars.

People

FOUNDERS

R Narayan

BOARD MEMBERS AND ADVISORS

Parag Dhol

Vani Kola

R Narayan

Mahendran Balachandran

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Accel

IFC

InnoVen Capital

Inventus Capital Partners

Kalaari Capital

Nandan Nilekani

KEY EMPLOYEES:

R Narayan (CEO); Sumit Bhatia (Business Operations); Deepak Gupta ( Finance); Nitish Pandey (Product & Technology)

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

5

TOTAL FUNDING

$70.8 M

DATE OF LAST FUNDING

Apr 2018

TOTAL FUNDING COMMENT

The company is planning to use the fund towards propelling the company’s growth and working capital(April 2018).

FUNDING SERIES

SERIES A  · $2 M  · Jan 2012

SERIES B  · $6 M  · Jul 2013

SERIES C  · $6.8 M  · Sep 2014

SERIES D  · $20 M  · Jan 2016

SERIES E  · $36 M  · Sep 2017

LISTED

NO

COMMENT

Debt financing: $6.2 M(April 2018)

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