ProcMart Raises Pre Series A Funding from IndiaMART

ProcMart — a business-to-business marketplace start-up with a corporate centric sourcing approach — raises pre series A undisclosed funding from IndiaMART, a leading Indian B2B e-commerce space.  This is their second round of funding.

Anish Popli, Founder & Chief Executive Officer of ProcMart said, "Companies and their buying personnel today are looking for systems which can be trusted advisor, providing fresh insights and intelligence into the supplier data, streamlining the procurement to optimize the cost and time and consequently enabling stakeholders to assess the impact of procurement on the bottom line of the firm."

ProcMart would be investing their finances in creating a comprehensive, user friendly and easily scalable technology.

Pratik Potnis, the Co-Founder and Chief Technology Officer of ProcMart said, “ProcMart is a technology driven company and hence technology forms the heart and soul of the company. Further there is a direct correlation between technology enablement and improving efficiency in procurement."

They would also be expanding their presence across all the Tier-1 cities in the coming few months. Focus on creating an extraordinary ecosystem with a dynamic supply chain network also forms a core of their penetration strategy. 

Saheel, Co-Founder & Chief Financial Officer of the company says, “Quotation focused approach provides ProcMart with a potential to cater full stack of buyers i.e. buyers ranging from SME’s to big corporates to MNCs. In an industry where comparison and negotiation forms the heart of sourcing, ProcMart sees itself having set a foot in the right direction. ProcMart is also working closely with Fintech and logistics companies to offer innovative financing, discounting and logistics solutions in this space.” 

ProcMart at present operates in NCR and Maharashtra region.They are already working with customers of LG, Religare, Harman International, Coca-Cola etc to fulfill their requirements.