Spun Yarn

Founded in 2012 by Mr. R. Narayan, Power2SME pioneered the category of the B2B Buying Club for SMEs and boasts of a strong digital ecosystem platform for SMEs. Power2SME, offers a digital SME ecosystem that addresses some key SME challenges with the firm Outstanding Startup Category Its increased portfolio offering addresses challenges in raw material procurement, Finance and MRO needs. Its B2B raw materials buying club (Power2SME.com) aggregates demand from SMEs for most commonly acquired raw materials (such as steel, polymers, yarns, chemical, etc.) and procures and sells these at competitive prices. Raw material accounts for 70 % of the recurring costs of manufacturing SMEs every month. Its platform FinanSME.com connects empaneled lenders with SMEs in order to provide working capital finance at better terms from banks and non-banking financial institutions for purchases on Power2SME. Its e-store SMEShops.com is a one stop shop addressing SME MRO needs to meet the growing and frequent requirements of SME buyers for consumable industrial goods. With a registered SME base of more than 1 Lac SMEs, the company is steadfast in building India No. 1 digital ecosystem for SMEs delivering raw material procurement at competitive prices and access to finance at improved rates of interest thus driving higher efficiencies and profitability.