Biz Hero India Pvt. Ltd., dba NowPurchase, has raised ₹80 crore from a fundraise led by Bajaj Finserv, with participation from existing investors InfoEdge Ventures, Orios Venture Partners and Real Ispat Group and other individual investors.
IC RegFin Legal advised NowPurchase on this fundraise.
The transaction team consisted of Ankit Bhasin (Partner), Saransh Agarwal (Senior Associate), Associates Jesika Somani and Sejal Dass Khandelwal.
Rajani Associates advised lead investor Bajaj Finserv on this fundraise.
The transaction team consisted of Amish Shroff (Partner), Karen Issac (Principal Associate), and Ruchi Sethna (Senior Associate).
Shardul Amarchand Mangaldas & Co advised existing investor Info Edge Ventures on this fundraise.
The transaction team consisted of Pratyush Khurana (Partner), Sanya Haider (Principal Associate) and Akshita Mittal (Associate).
NowPurchase is a technology-driven procurement platform focused on the metal manufacturing industry. It helps factories by providing a transparent and reliable solution for sourcing high-quality raw materials such as metal scrap, alloys, and additives.
The funding will boost the Company's efforts in research and development as well as enhance their scrap recycling infrastructure.
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