Power2SME was founded by Narayan Ramaswamy, Debrata Majumdar, and Snehashish Bhattacharjee. The Company’s investors also include leading private equity and venture capital investors such as Accel Partners, Inventus Capital Partners, Kalaari Capital, and Mr. Nandan Nikelani.

IFC proposes an equity investment of up to US$10 million as part of the Company’s fundraising round with additional capital being provided by existing and other new investors.

10.07 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan
Equity	10.07

* These investment figures are indicative

Power2SME has its registered office in Delhi and is headquartered in Gurgaon, India. It has operations in 14 states throughout the country.

1. Enabling SMEs to gain pricing advantages: Poor infrastructure and inadequate market linkages are among the key factors that have constrained the growth of the SME sector in India. The Company's key offering enables SMEs in the manufacturing sector to procure raw materials / inputs in a transparent manner while benefiting from better pricing of such items due to demand aggregation. 2. Enabling SMEs gain access to affordable financing: Lack of adequate and timely access to finance by SMEs is another key challenge to an SME's growth. Financial institutions too have limited on ground presence / access to data needed to profile credit servicing capabilities of SMEs. The Company's online demand aggregation platform enables it to capture unique data points on SME customers which allow superior credit profiling that an external lender can comfortably rely on and provide attractive financing terms. 3. Increase in SMEs reached: The Company has more than 50,000+ registered SMEs on its platform. 2000+ SMEs have transacted on the platform so far. Post launch of GST in India, the Company will be able to operate pan India. As a result, the number of transacting SMEs is expected to grow more than 10x by CY21. 4. Increase in employment by enabling SMEs to grow: According to 2015 estimates of the Ministry of Micro, Small and Medium Enterprises ("MSME"), Govt. of India, the MSME sector generates around 100 million jobs through over 46 million MSMEs across the country each year. The Company's mission is aligned towards improving the financial health of MSMEs which will in turn result in additional job creation.

N/A

1. Knowledge sharing: IFC will share its extensive India and global experience pertaining to the SME sector, industry knowledge and expertise gained from investments across various emerging markets. 2. Assisting with key industry relationships: The Company is keen to engage with IFC's banking and NBFC portfolio in India which would be relevant for the Company's SME financing platform. 3. Long term investor: The Company values IFC's suite of financial products and ability to continue to support future funding needs, as it continues to grow. 4. Best practices: IFC will provide inputs on environmental and social best practices and on corporate governance. Through adoption of the IFC Performance Standards, IFC will enable the Company to further improve its environmental, social and operating standards.

Please refer to the related Environmental and Social Review Summary (ESRS) document for this project.

Please refer to the Environmental and Social Action Plan (ESAP) tab in the related Environmental and Social Review Summary (ESRS) document for this project.