ProcMart is a New Delhi-based B2B e-commerce and supply chain company that provides one-stop procurement solutions. Its technology platform offers end-to-end support for indirect sourcing, including vendor consolidation, inventory management, digital procurement, expense tracking, and logistics management. The company’s stated vision is to digitize and transform unorganized or manual aspects of the supply chain and B2B commerce through technology. ProcMart will use the new funding for strategic acquisitions. The capital will also support expansion of its distribution network within India and bolster its international operations in Southeast Asia. ProcMart raised $30.0M in a Series B in April 2024. ProcMart is a Noida-based B2B procurement marketplace founded in 2015 by Anish Popli. The company provides supply chain solutions and infrastructure to businesses, including purchase order management, contract administration, master data management, e-catalogue management, and market intelligence. ProcMart is backed by IndiaMART. In November 2022 it raised a $10 million Series A led by Sixth Sense Ventures. In its latest financing ProcMart raised INR 25 crore (USD 3 million) via issuance of 5,933 pre-Series B CCPS at an issue price of INR 42,127 each to Sixth Sense Ventures India. The round values the company at INR 275 crore and has made Sixth Sense the largest external shareholder with a 30% stake, while founder and CEO Anish Popli retains 41.76%.

Total raised

$34M

Funding rounds

2

Latest round

Series B

Latest activity

Apr 2024