We are adding value to metals by making procurement & production, transparent & efficient

An alumnus of Kolkata's St Xavier's, National University of Singapore and University of Pennsylvania, he started his entrepreneurial journey with a financial technology startup in Philadelphia, US.

- RITWIK MUKHERJEE

NowPurchase, the Indian B2B startup, co-founded by him, is part of the East India startup ecosystem, which is relatively on the back foot compared to what's happening in other cities. And this is a story like this puts the city on the map, where people do believe that joining a startup can change fortunes rather than going the more traditional path or leaving the city. He has more reasons than one to be super excited about this.

Speaking to The Statesman, Naman Shah, CEO and Co-founder, NowPurchase, narrates his entrepreneurial journey and the way forward.

Excerpts:

Q: Tell us something about the company—how did you start, how have you progressed?

A: Originally, we started NowPurchase, a B2B startup, now offering procurement solutions where Metal Manufacturers can procure high-quality raw materials like metal scrap, alloys, and additives in a trusted and transparent manner, as an online marketplace for people to buy their daily factory requirements. But soon after running a different business model, we realized that the metal manufacturing industry is the one where there's maximum opportunity available. And we pivoted our business since September 2020 and became a full-stack procurement company in the metal manufacturing space. So that is the background. Since then, we have been seeing very strong rapid growth in our business.