Procurement solutions provider for metal manufacturers NowPurchase makes first ESOP buyback

Kolkata-based startup NowPurchase has completed its first Employee Stock Option Plan (ESOP) buyback, following its recent USD 6 million fundraise led by Info Edge.Founded in 2017, NowPurchase helps metal manufacturers procure quality raw materials such as metal scrap, alloys and additives in a trusted and transparent manner. The startup has its own network of scrap processing centres and private labels for additives and alloys.