NowPurchase is a procurement platform that connects metal manufacturers with a managed marketplace for raw materials, including virgin metals and tailored scrap solutions, while providing real-time market pricing and inventory planning tools. The platform addresses inefficiencies in the procurement process, ensuring timely delivery and quality control to optimize production workflows in India's $140 billion metal manufacturing industry.
Funding
$8.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Metal manufacturers often face challenges in raw material procurement, including a lack of price transparency, inconsistent quality, and inefficient inventory management. These issues can lead to production delays, increased costs, and reduced profitability.
Solution
NowPurchase offers a procurement platform designed to streamline raw material sourcing for metal manufacturers. The platform provides a managed marketplace connecting manufacturers with suppliers of virgin metals, tailored scrap solutions, carbon additives, and ferro alloys. NowPurchase ensures quality control through on-site inspectors and offers real-time market pricing, order tracking via WhatsApp, and inventory planning tools to optimize procurement decisions. Their MetalCloud platform further enhances the manufacturing process by providing streamlined processing and dilution suggestions.
Target Audience
NowPurchase primarily targets metal manufacturers in India seeking to optimize their raw material procurement processes.
Features
- Managed marketplace for virgin metals, metal scrap, carbon additives, ferro alloys, nodularizers, pig iron, refractory items, and sand
- Dedicated customer success manager to understand factory processes and challenges
- Real-time market prices and RFQs, along with order updates over WhatsApp
- Superb quality control through on-site inspectors
- Tailored scrap solutions with in-house scrap processing center
- Inventory planning tools to procure at the right time and price
- Customized financing solutions
- MetalCloud platform for streamlined processing