About ProcureX Technologies
ProcureX Technologies is a Real Estate & Construction company based in India founded in 2024 by Bade Naidu, Narsi Reddy Posham, Thej Kiran, Bharath Kumar Reddy, and Aravind Maroju. Construction management and project tracking software is offered online. ProcureX Technologies has raised $1 million across 1 funding round. The company has 1 employees. Its chief executive, as recorded, is Aravind Maroju. ProcureX Technologies offers products and services including Work Schedule Management, Procurement Marketplace, Purchase Management, Inventory Management, and Construction Monitoring. Its focus areas include Real Estate and Construction Tech, Construction Tech, Project Management and Suite. Its legal entity in India is Procurex Technologies Private Limited (U46632TS2024PTC185288).
Company details
ProcureX Technologies was founded in 2024 in India as an online platform for software solutions in the construction sector. Tools for resource planning, budgeting, documentation, and real-time collaboration are provided through the platform. It is utilized by contractors, engineers, and project managers to handle project tracking and management operations. The focus remains on streamlining construction workflows across various project stages.
- Headquarters India
- Employees 1
- Founders Bade Naidu, Narsi Reddy Posham, Thej Kiran, Bharath Kumar Reddy, Aravind Maroju
- SectorsReal Estate & Construction
- Email••••••••
- Website procurextech.com
- Social LinkedIn
- Legal Name Procurex Technologies Private Limited
- Date of Incorporation 09 May, 2024
- Jurisdiction Hyderabad, Telangana, India
- Total Equity Funding$1M (USD)
in 1 rounds
- Latest Funding Round$1M (USD), Seed
Oct 2024
- Employee Count1
Associated legal entities of ProcureX Technologies
ProcureX Technologies operates through Procurex Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Procurex Technologies Private Limited CIN U46632TS2024PTC185288 | Active | 09 May 2024 | Hyderabad, Telangana | 3 | View details |
Products & Services of ProcureX Technologies
ProcureX Technologies offers a comprehensive portfolio of products and services, including Work Schedule Management, Procurement Marketplace, Purchase Management, Inventory Management, and Construction Monitoring.
Optimizes project timelines with real-time tracking and alerts.
Centralizes vendor quotes and contract management for efficiency.
Streamlines purchase orders and invoice tracking for cost control.
Tracks material usage with AI to prevent shortages and reduce waste.
Monitors costs and progress with real-time updates and risk alerts.
Funding Insights of ProcureX Technologies
ProcureX Technologies has successfully raised a total of $1M through 1 strategic funding round. The most recent funding activity was a Seed round of $1 million completed in October 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 $1M
- Total Rounds 1
- Last Round Seed — $1M
- First Round $1M
(Oct 2024)
All 1 funding rounds of ProcureX Technologies 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 |
|---|---|---|---|---|---|
| Oct 2024 | $1M | Seed | – | – | – |
Board of directors of Procurex Technologies Private Limited (ProcureX Technologies)
Procurex Technologies Private Limited is the primary company behind ProcureX Technologies. The board of Procurex Technologies Private Limited currently have 3 directors; the longest-serving is Thej Kiran Bitta, appointed in 2024.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Thej Kiran Bitta DIN 10622229 | Whole-time director | 09 May 2024 | 2 yrs 5 mo | Procurex Technologies Private Limited |
| Aravind Maroju DIN 06669114 | Whole-time director | 09 May 2024 | 2 yrs 5 mo | Procurex Technologies Private Limited |
| Narsi Reddy Posham DIN 03074532 | Whole-time director | 09 May 2024 | 2 yrs 5 mo | Procurex Technologies Private Limited |
People of ProcureX Technologies
5 people are tracked at ProcureX Technologies (5 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
Bade Naidu | Co-Founder & COO | Leadership |
| Founder | Leadership | |
| Co-Founder | Leadership | |
Bharath Kumar Reddy | Co Founder & Product Head | Leadership |
| Founder & CEO | Leadership |
Complete people profiles for ProcureX Technologies
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of ProcureX Technologies
2 dated milestones of ProcureX Technologies, from founding to its latest funding, stage changes and deals.
- Founded ProcureX Technologies is founded.
- Funding First funding round of $1.0M.
Web traffic of ProcureX Technologies
The website of ProcureX Technologies (procurextech.com) receives about 1.3K visits a month.
- Monthly visits1.3K
▲ 91.3% vs previous month
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Frequently Asked Questions about ProcureX Technologies
ProcureX Technologies was founded in 2024.
ProcureX Technologies is headquartered in India.
Aravind Maroju is the CEO of ProcureX Technologies, as recorded in our data. They have also founded this company.
ProcureX Technologies is a funded company, having raised a total of $1M across 1 funding round to date. The company's 1st funding round was a Seed of $1M, raised on Oct 2024.
ProcureX Technologies has 1 employees.
ProcureX Technologies was founded in 2024 in India as an online platform for software solutions in the construction sector. Tools for resource planning, budgeting, documentation, and real-time collaboration are provided through the platform. It is utilized by contractors, engineers, and project managers to handle project tracking and management operations. The focus remains on streamlining construction workflows across various project stages.
ProcureX Technologies offers Work Schedule Management, Procurement Marketplace, Purchase Management, Inventory Management, and Construction Monitoring.
ProcureX Technologies operates through Procurex Technologies Private Limited.
The legal entities of ProcureX Technologies currently have 3 directors, including Thej Kiran Bitta, Aravind Maroju, Narsi Reddy Posham.