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December 27, 2012

Deal Alert: Kalaari Capital invests in B2B group buying Power2sme

Kalaari Capital (formerly IndoUS Venture Partners) has invested in Gurgaon-based Power2sme, a buying club for SMEs. The fund has joined hands with the company’s existing investor, Inventus Capital Partners, in extending the Series A fundraising. The new funds will be used for scaling the company’s presence across newer geographies including Mumbai, Pune, Ahmedabad and Chandigarh; hiring talent and increasing the company’s brand visibility. Kalaari Capital MD Vani Kola will join the Power2sme board. 

Having started operations in January 2012, Power2sme provides a platform that enables the SMEs to cut costs and build efficiencies in their business processes, thus allowing them to compete on an equal footing with large enterprises.  

From the Venture Intelligence PE Deal database: Inventus had invested $1.8 M in the company in Jul-12. (Subscribers to the database can login to view the company valuation, deal structuring and other transaction details.)

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