Gurugram-based Power2SME raises $36 mn in Series E funding

Gurugram-based Power2SME has raised $36 million in Series E funding round. The round saw participation from existing investors including Inventus Capital Partners, Accel Partners, Kalaari Capital, and Infosys Co-founder Nandan Nilekani. Founded in 2012 by R Narayan, Power2SME directly buys raw materials from suppliers required by SMEs, eliminating the middle-men.