About ProcMart
ProcMart is a Retail company based in Noida (India) founded in 2015 by Anish Popli, Sachin Jain, and Ashok Kumar Popli. Online platform offering procurement and supply chain solutions. ProcMart has raised $43.25 million across 6 funding rounds from investors including IndiaMART, Edelweiss Asset Management and Sixth Sense Ventures. The company has 556 employees. ProcMart was last valued at $40.36 million in November 2022. Its chief executive, as recorded, is Anish Popli. Its website procmart.com draws about 63 thousand monthly visits. Its Indian entity Instant Procurement Services Private Limited reported revenue of ₹537 Cr. Its focus areas include B2B E-Commerce, Horizontal and Marketplace. Its competitors include IndiaMART, Udaan and Solv; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Noida, India
- Employees 556
- Founders Anish Popli, Sachin Jain, Ashok Kumar Popli
- Stage Minicorn
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website procmart.com
- Social LinkedIn X Facebook
- Legal Name Instant Procurement Services Private Limited
- Date of Incorporation 01 Dec, 2015
- Jurisdiction Noida, Uttar Pradesh, India
- Annual Revenue₹537 Cr
FY 2025 · -14% YoY
- Net Profit₹1.9 Lakh
FY 2025 · 0% margin
- EBITDA₹8.08 Cr
FY 2025 · 2% margin
- Total Equity Funding$43.25M (USD)
in 6 rounds
- Latest Funding Round$30M (USD), Series B
Apr 2024
- InvestorsIndiaMART
& 6 more
- Employee Count556
Associated legal entities of ProcMart
ProcMart operates through Instant Procurement Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Instant Procurement Services Private Limited CIN U74120UP2015PTC074758 | Active | 01 Dec 2015 | Noida, Uttar Pradesh | ₹537 Cr | 337 | 6 | View details |
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.
- Total Funding $43.25M
- Total Rounds 6
- Last Round Series B — $30M
- First Round $30,085
(Dec 2015)
- Investors Count 7
All 6 funding rounds of ProcMart with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2024 | $30M | Series B | – | Sixth Sense Ventures, Fundamentum | |
| Mar 2024 | $3M | Series A | – | – | |
| Nov 2022 | $10M | Series A | $40.36M | Sixth Sense Ventures | – |
| May 2017 | $54,146 | Seed | $1.03M | Tradezeal International | – |
| Jun 2016 | $170,123 | Seed | $••••• | IndiaMART | |
| Dec 2015 | $30,085 | Angel Round | $••••• | Dinesh Agarwal | – |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2022 | $40.36M | •••••••• |
| May 2017 | $1.03M | •••••••• |
Last known valuation $40.36M (Nov 2022). 7 investors in total: 6 institutional and 1 angel.
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 |
|---|---|---|---|---|
Venture capital fund investing in consumer-focused startups in India. | 2016 | sixthsenseventures.com | Mumbai, India | |
Growth capital fund VC and accelerator firm for mid-stage tech companies | fundamentum.co.in | Gurugram, India | ||
Early-stage investments are targeted by Paramark Ventures in startups. | paramark.vc | Seoul, South Korea | ||
Equity and fixed income mutual funds are managed in India. | 1996 | edelweissmf.com | Mumbai, India | |
Provides comprehensive IT services and solutions for businesses. | 2005 | tradezeal.com | Delhi, India | |
Online B2B marketplace connecting buyers and suppliers of diverse industrial products | 1999 | indiamart.com | Noida, India | |
DA Dinesh Agarwal | Founder of IndiaMART, prominent angel investor in Indian startups | unknown_5df2f8a93cad467eb |
Investor details for ProcMart
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Instant Procurement Services Private Limited (ProcMart)
Instant Procurement Services Private Limited is the primary company behind ProcMart. The board of Instant Procurement Services Private Limited currently have 6 directors; the longest-serving is Anish Popli, appointed in 2015. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anish Popli DIN 06904348 | Director | 01 Dec 2015 | 10 yrs 11 mo | Instant Procurement Services Private Limited |
| Ashok Kumar Popli DIN 07348432 | Director | 15 Sep 2017 | 9 yrs 1 mo | Instant Procurement Services Private Limited |
| Nikhil Kishorchandra Vora DIN 05014606 | Director | 19 Apr 2023 | 3 yrs 6 mo | Instant Procurement Services Private Limited |
| Chunsoo Kim DIN 09749619 | Nominee Director | 19 Apr 2024 | 2 yrs 6 mo | Instant Procurement Services Private Limited |
| Ashish Agarwal DIN 02421421 | Nominee Director | 19 Apr 2024 | 2 yrs 6 mo | Instant Procurement Services Private Limited |
| Prateek Kumar Jain DIN 03127489 | Nominee Director | 19 Apr 2024 | 2 yrs 6 mo | Instant Procurement Services Private Limited |
People of ProcMart
3 people are tracked at ProcMart (3 in leadership); the tracked headcount is 556.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
Sachin Jain | Co-Founder & CFO & CSO | Leadership |
| Co-Founder | Leadership |
Complete people profiles for ProcMart
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of ProcMart
Figures of Instant Procurement Services Private Limited, the primary company behind ProcMart, for FY 2025. Revenue was ₹537 Cr (-14% year on year). Net profit was ₹1.9 Lakh (0% margin). EBITDA was ₹8.08 Cr (2% margin). Revenue has grown at a compounded annual rate of +74% over three years and +86% over five years.
- ₹537 CrRevenue · FY 2025 · -14% YoY
- ₹1.9 LakhNet profit · 0% margin
- ₹8.08 CrEBITDA · 2% margin
- ₹11.8 LakhPaid-up capital
- 337Employees (provident fund records)
- +74%Revenue CAGR, 3 years
- +86%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Instant Procurement Services Private Limited are on its company page.
Detailed financial statements for ProcMart
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of ProcMart
4 dated milestones of ProcMart across 9 years, from founding to its latest funding, stage changes and deals.
- Founded ProcMart is founded.
- Funding First funding round of $30K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $30.0M.
Competitors of ProcMart
ProcMart has 3 listed competitors in our database, 3 of them funded. They include IndiaMART, Udaan and Solv.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| indiamart.com | 1999 | Noida, India | $37.24M | 3,623 | Online B2B marketplace connecting buyers and suppliers of diverse industrial products | |
| udaan.com | 2016 | Bengaluru, India | $2.7B | 1,791 | Online marketplace offering multi-category products | |
| solvezy.com | 2019 | Bengaluru, India | $40M | 412 | A B2B e-commerce platform is operated for MSMEs in India. |
Detailed competitors of ProcMart
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of ProcMart
The website of ProcMart (procmart.com) receives about 62.6K visits a month.
- Monthly visits62.6K
▼ 1% vs previous month
Top companies in B2B Marketplaces & Wholesale
2 companies that operate in the same segment as ProcMart (B2B Marketplaces & Wholesale) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online B2B marketplace connecting buyers and suppliers of diverse industrial products | 1999 | Noida, Uttar Pradesh, India | USD 38.2 M | USD 167.23 M | 6,222 | |
Digital procurement and supply solutions for construction materials are facilitated. | 2016 | Thane, Maharashtra, India | USD 783.57 M | USD 1.43 B | 2,645 |
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Related news about 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 CEO of ProcMart, as recorded in our data. They have also founded this company.
ProcMart is a funded company, having raised a total of $43.25M across 6 funding rounds to date. The company's 1st funding round was a Angel Round of $30.09K, raised on Dec 2015.
ProcMart has 556 employees.
The primary company behind ProcMart, Instant Procurement Services Private Limited, reported revenue of ₹537 Cr for FY 2025, down 14% year on year.
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.
ProcMart operates through Instant Procurement Services Private Limited.
The legal entities of ProcMart currently have 6 directors, including Nikhil Kishorchandra Vora, Ashok Kumar Popli, Chunsoo Kim and others.