Procol offers procurement management software and a connected B2B marketplace to streamline sourcing and purchasing workflows for enterprises via web and mobile apps. Its platform enables creation of sourcing events, vendor discovery and management, and supply‑chain visibility to improve transparency and traceability. The company says its software can help cut procurement costs by up to 10% and aims to solve India’s procurement problems across a $500‑billion market. Procol reports a supplier network of over 25,000 and has managed over Rs 7,500 crore of procurement spends, working with more than 70 large enterprises. Marquee clients include Dalmia Bharat, Havells, Mrs Bectors, Emami, Zetwerk, and Tata BigBasket. The startup plans to use new capital to build and enhance its procurement solutions and expand its B2B marketplace offering.

Total raised

$6M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2022