Bengaluru-based startup, Nuoaura has recently tied up with Xerox. Previously, The Company had partnered with e-commerce giant Amazon to automate its office supplies pan-India. The Bengaluru based company supplies office necessities like printers, computers, printing sheets and others through their online marketplace. With this acquisition, Nuoaura will assist the American company in entering into the Indian market by procurement process for office supplies.
Sharad Jaiprakash, founder and CEO of Nuoaura mentioned that “This market is expected to grow 17% yearly and become a $50 billion size market by 2019. In the last two years, 0.5% of the market has started automating the procurement of its office supplies and the size is increasing day-by-day. At present, the offline market is quite fragmented and unorganized.” He added that “Fundamentally, we help by automating the billing and supply process which drastically cuts down the two and fro for purchases thereby streamlining the process.”
Apart from this, Nuoaura is also planning to raise its Series A funding of around 6 Crore ($1 million) to pump up its expansion plan. The company had also tied up with MNCs like, Tatas, Tesco, Texas Instruments and other Small medium scale industries.