Hotline: 1800 102 2007
X
Search Business Opportunities
2014-06-16

Power2SME aims to cloak Rs 150 crore transactions in FY15

Power2SME, an online platform that empowers the small and medium enterprises to cut costs in procurement, is set to commence its operation in Kolkata as part of expanding its footprint of the eastern region.

Power2SME, an online platform that empowers the small and medium enterprises to cut costs in procurement, is set to commence its operation in Kolkata as part of expanding its footprint of the eastern region. 

 

"We have opened our office in the city. We will begin our operation soon for SMEs of city and its suburbs," power2sme.com CEO R Narayan said.

 

In phases we will expand our reach to other eastern region states, he said.

 

The SME-focused technology company is already present in Gurgoan, Mumbai, Pune, Ahmedabad and Chennai with over 22,000 active companies sourcing their raw-material requirements.

 

The platform owned by Bebb India aims at over 100 per cent growth in transaction valued at Rs 150 crore in FY 15. 

 

"We buy raw materials directly from manufacturers and sell them to the SMEs. We pool demands of hundreds of SMEs for multiple products for business needs, eliminating the presence distributors and wholesalers resulting in direct cost benefit of two to eight per cent," Narayan said explaining the business model.

 

Narayan said the platform offers a host of other services and linkages like credit from some 12-odd NBFCs for working capital needs. 

 

Narayan, who is also the VP of FICCI-Confederation of MSMEs, a chamber dedicated to SMEs, said they were one of the pillars to support SMEs. 

 

He said that some Rs 100 crore had been raised by two rounds of venture capital funding from Inventus Capital, Kalaari Capital & Accel Partners.

Related opportunities
  • Activity Centres, Day Care & Creches
    About:  Right offers a brand new method of education in the..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: English Pillars Edu Comp is a registered ISO certified..
    Locations looking for expansion Punjab
    Establishment year 2002
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Amritsar Punjab
  • About Us: Elixir Fitness Gym is run by Celebrity Fitness Expert..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Gyms and Fitness Centres
    About Us: Trugym is an innovative gym operator from the UK...
    Locations looking for expansion Delhi
    Establishment year 2009
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts