NowPurchase, a Kolkata based B2B marketplace for the metal manufacturing industry, has raised $2.4 million in a seed funding round led by Orios and InfoEdge Ventures. Angel investor Neeraj Arora also participated in the round.
The startup plans to use the new funds towards expanding its procurement business by establishing a global supplier base and expanding into other parts of India. Besides, the capital will be used for hiring and product development.