Bajaj Finserv leads Rs 80 crore funding in NowPurchase
NowPurchase, an AI-enabled B2B procurement platform, has raised Rs 80 crore in a Series B funding round led by Bajaj Finserv. The company will use the fresh capital to scale its AI platform, expand its scrap recycling infrastructure, and grow its portfolio of branded products.
NowPurchase has raised Rs 80 crore in funding. The company operates a digital marketplace for metal manufacturers. It also integrates production optimization tools through MetalCloud. The funding will be used to scale the AI platform, expand scrap recycling infrastructure, and grow branded products. NowPurchase was founded in 2017 and has raised about Rs 120 crore in total equity funding. The company will strengthen its presence in India and overseas markets.
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