There could be a new lead investor for the new round of funding. The two-year old firm is looking at closing the year with more than Rs 150 crore in revenues this year.
"Last year, we had revenues of 65 crore and we already have 18,000 SMEs on board. Power2SME has become an important destination for SMEs for their business needs," he added.
Apart from this, to strengthen its operating platform, Power2SME is also making significant investment in technology.
Narayan further stated that the power of the SME sector is largely untapped and it has a huge growth potential. SMEs account for 39%of the USD 129 billion Indian steel, polymer and metal industry, the area where Power2SME operates, the potential is tremendous.
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