Kol-based Nowpurchase aims to go public in 3-5 years

Kolkata: Kolkata-based B2B procurement and production solutions startup NowPurchase is planning to take the company public in three to five years. The company serves the metal manufacturing industry with a specialisation in steel and has already gone through a series of fundraising rounds.NowPurchase CEO and co-founder Naman Shah said, "We believe the company has immense potential to become a large, profitable and publicly traded enterprise. On this journey, we may pursue a few additional strategic funding rounds from diverse investors, but our ultimate goal remains to build an IPO-ready business within this timeline." Shah also pointed out that when it comes to building a company, funding and financial milestones are important, but the foundation of any successful enterprise lies in its people.According to him, in the last few years, the valuation of the company went up 3.5 times.NowPurchase has a scrap recycling centre in Bengal and is planning one in Maharashtra. According to Shah, the metal scrap industry has a market of $20-25 billion in the country.
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