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 $40.25 million across 5 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
***********
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Phone
*********
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Website
*********
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Social
*********
- 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
$40.25 M (USD)
in 5 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 $40.25M across 5 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 Total Funding
- Total Rounds 5
- Last Round Series B — $30.0M
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First Round
First Round
(25 Dec 2015)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series B - ProcMart | Valuation | Sixth Sense Ventures , Fundamentum | |
| Nov, 2022 | Amount | Series A - ProcMart | Valuation | Sixth Sense Ventures |
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| May, 2017 | Amount | Seed - ProcMart | Valuation | Tradezeal International |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital fund investing in consumer-focused startups in India.
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Founded Year | Domain | Location | |
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Growth capital fund VC and accelerator firm for mid-stage tech companies
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Founded Year | Domain | Location | |
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Early-stage investments are targeted by Paramark Ventures in startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ProcMart
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ProcMart
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Procmart Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category products are supplied via a B2B marketplace platform.
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| domain | founded_year | HQ Location |
Online B2B marketplace connecting buyers and suppliers of diverse industrial products
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| domain | founded_year | HQ Location |
Online marketplace offering multi-category products
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| domain | founded_year | HQ Location |
A B2B e-commerce platform is operated for MSMEs in India.
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| domain | founded_year | HQ Location |
Provider of B2B marketplace platform offering products
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Procmart
Frequently Asked Questions about ProcMart
When was ProcMart founded?
ProcMart was founded in 2015.
Where is ProcMart located?
ProcMart is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Who is the current CEO of ProcMart?
Anish Popli is the current CEO of ProcMart. They have also founded this company.
Is ProcMart a funded company?
ProcMart is a funded company, having raised a total of $40.25M across 5 funding rounds to date. The company's 1st funding round was a Seed of $54.15K, raised on Dec 25, 2015.
How many employees does ProcMart have?
As of Mar 01, 2025, the latest employee count at ProcMart is 337.
What is the annual revenue of ProcMart?
Annual revenue of ProcMart is $72.93M as on Mar 31, 2024.
What does ProcMart do?
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.
Who are the top competitors of ProcMart?
Who are ProcMart's investors?
ProcMart has 7 investors. Key investors include IndiaMART, Edelweiss Asset Management, Sixth Sense Ventures, Fundamentum, and Paramark Ventures.
What is ProcMart's valuation?
The valuation of ProcMart is $40.36M as of Nov 2022.
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