Purchasing Lead

5 days ago

New Delhi, India Drip Capital Full time

About Drip CapitalWe are a US-based fintech company revolutionizing global trade for SMEs. At Drip Capital, we’re redefining the future of trade finance and facilitation, empowering small and medium-sized enterprises (SMEs) to scale internationally with ease.With the global SME trade market exceeding $5 trillion, our mission is to provide businesses in emerging markets with seamless access to capital—eliminating red tape and outdated processes. By leveraging cutting-edge technology, we make trade finance fast, efficient, and hassle-free. Beyond financing, we simplify trade and sourcing, helping SMEs navigate global markets effortlessly.Headquartered in Palo Alto, California, with offices in India, Drip Capital is strategically positioned to meet the evolving needs of SMEs in emerging markets.Backed by top investors—including Accel, Peak XV, Wing VC, Sequoia India, Y Combinator, GMO, SMBC Japan, Barclays, and IFC—Drip has facilitated over $7 billion in trade across 10,000+ buyers and sellers. As we continue to grow, we remain committed to transforming global trade for SMEs worldwide.Role Overview:We are looking for a dynamic and detail-oriented Purchase Lead to manage procurement operations for our sourcing business. This role will be responsible for identifying, onboarding, and managing suppliers, negotiating commercial terms, and ensuring timely and cost-effective sourcing of materials for our SME customers.This is a strategic and operational role that will work closely with category managers, logistics, finance, and risk teams to ensure procurement is aligned with business goals.Job Responsibilities:● Lead end-to-end procurement and purchasing operations for assigned categories (e.g., base metals, polymers, agri, etc.)● Identify and onboard qualified suppliers, ensuring compliance with internal quality and vetting standards● Drive supplier negotiations to secure optimal pricing, payment terms, and delivery timelines● Work closely with category managers and customers to understand demand forecasts and align sourcing plans accordingly● Collaborate with logistics, finance, and risk teams to ensure smooth execution of orders and resolution of operational issues● Maintain accurate records of POs, contracts, pricing, and supplier performance● Develop and maintain strong vendor relationships to support long-term sourcing strategy● Monitor market trends and price movements to make informed purchasing decisions● Implement cost optimization initiatives without compromising quality or service.Required Qualification:● Bachelor’s degree in Supply Chain, Engineering, Business, or related field (MBA preferred)● 12-15 years of relevant experience in procurement or purchasing, preferably in raw materials or B2B sourcing● Strong commercial acumen and negotiation skills● Experience working in fast-paced environments or startups is a plus● Familiarity with supplier on-boarding, vendor audits, and quality checks● Proficiency in procurement systems (e.g., SAP, Oracle, or equivalent)● Excellent communication and cross-functional collaboration skills● Highly organized with strong attention to detail and analytical thinkingWhy Join Us?● Be part of a rapidly growing fintech company revolutionizing trade finance and empowering global SMEs● Lead a high-impact team with the opportunity to shape the future of collections and risk servicing● Competitive compensation, benefits, and a collaborative work environment● Drive innovation in the collections function, contributing directly to the company's growth and success.

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