Kolkata-based startup NowPurchase is making waves in the metal manufacturing industry with a vision to go public within the period of next three to five years. The B2B procurement and production solutions company is a steel manufacturing niche platform and is steadily building momentum.
NowPurchase CEO and co-founder Naman Shah is optimistic about the journey ahead and believes the company is to grow into a large as well as profitable enterprise that would be capable of thriving on the public market. He said that their ultimate goal is to be IPO-ready within the set timeline.
The growth journey of the startup is noteworthy equipped with valuation increasing 3.5 times in recent years. It is also exploring opportunities in the massive $20–25 billion metal scrap industry. It already operates a scrap recycling center in West Bengal and is gearing up to expand with another facility in Maharashtra.
NowPurchase stand out as it is mainly focused on long-term vision and sustainability. Moreover, it deals in an industry that demands innovative and efficient production methods. Such a bold approach is inspiring for the Indian startup ecosystem. It highlights how niche players in the B2B manufacturing space can dream big and work toward a public listing goal.
Success of NowPurchase is to reflect the maturity and potential of India’s industrial startups. Its IPO aspirations remind that steady growth, employee-centric values and clear vision are essential for building a lasting legacy.
The journey ahead is to keep a watch for its milestones and also for the message it sends to budding entrepreneurs to dream big, stay grounded and invest in people as much as profits.
