About ProcMart
ProcMart is a company based in Noida (India) founded in 2015 by Anish Popli, Sachin Jain, and Ashok Kumar Popli. ProcMart has raised $43.25 million across 6 funding rounds from investors including IndiaMART, Edelweiss Asset Management and Sixth Sense Ventures. The company has 337 employees as of March 01, 2025. ProcMart operates in a competitive market with competitors including Moglix, IndiaMART, Udaan, Solv and Anar, among others.
- Headquarter Noida, India
- Employees 337 as on 01 Mar, 2025
- Founders Anish Popli, Sachin Jain, Ashok Kumar Popli
- Stage Minicorn
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Sectors
Retail
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Email
Locked
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Phone
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Website
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Social
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- Legal Name Instant Procurement Services Private Limited
- Date of Incorporation 01 Dec, 2015
- Jurisdiction Noida, Uttar Pradesh, India
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Annual Revenue
$72.93 M (USD)0as on Mar 31, 2024
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Net Profit
$84.98 K (USD)0as on Mar 31, 2024
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EBITDA
$644.42 K (USD)0as on Mar 31, 2024
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Total Equity Funding
$43.25 M (USD)
in 6 rounds
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Latest Funding Round
$30 M (USD), Series B
Apr 16, 2024
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Investors
IndiaMART
& 6 more
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Employee Count
337
as on Mar 01, 2025
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Funding Insights of ProcMart
ProcMart has successfully raised a total of $43.25M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in April 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in ProcMart
ProcMart has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include IndiaMART, Edelweiss Asset Management and Sixth Sense Ventures.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund investing in consumer-focused startups in India.
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Growth capital fund VC and accelerator firm for mid-stage tech companies
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Early-stage investments are targeted by Paramark Ventures in startups.
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Investor details for ProcMart
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Investments & Acquisitions by ProcMart
Investment portfolio details for ProcMart
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Financial Statements - ProcMart
Detailed financials for ProcMart
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Procmart Comparisons
Peer comparison for ProcMart
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Competitors of ProcMart
ProcMart operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Moglix, IndiaMART, Udaan, Solv and Anar, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Multi-category products are supplied via a B2B marketplace platform.
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Online B2B marketplace connecting buyers and suppliers of diverse industrial products
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Online marketplace offering multi-category products
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A B2B e-commerce platform is operated for MSMEs in India.
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Provider of B2B marketplace platform offering products
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Detailed competitors of ProcMart
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Latest news on Procmart
Complete news archive for ProcMart
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Frequently Asked Questions about ProcMart
ProcMart was founded in 2015.
ProcMart is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Anish Popli is the current CEO of ProcMart. They have also founded this company.
ProcMart is a funded company, having raised a total of $43.25M across 6 funding rounds to date.
As of Mar 01, 2025, the latest employee count at ProcMart is 337.
Annual revenue of ProcMart is $72.93M as on Mar 31, 2024.
ProcMart was established in 2015 in Noida, India, as an online platform focused on procurement and supply chain management. A diverse product catalog is maintained, encompassing beauty supplies, industrial goods, automotive products, construction materials, clothing, and additional categories. Operations are centered on facilitating B2B transactions and logistics support within the e-commerce sector.
ProcMart has 7 investors. Key investors include IndiaMART, Edelweiss Asset Management, Sixth Sense Ventures, Fundamentum, and Paramark Ventures.
The valuation of ProcMart is $40.36M as of Nov 2022.