About ProcureYard
ProcureYard is a company based in Gurugram (India) founded in 2023 by Somdutt Parashar, Anshu Kandhari, Tushar Agarwal, and Pankaj Bisht.. ProcureYard has raised $1.93 million across 2 funding rounds from investors including 2am VC, The Indian Dream and C² Ventures. ProcureYard offers products and services including Procurement Platform, Smart Deal Flow, Market Intelligence, and Supply Chain Intelligence. ProcureYard operates in a competitive market with competitors including Infra.Market, ZippMat, BuilditIndia, Inframandi and Vendor Infra, among others.
- Headquarter Gurugram, India
- Founders Somdutt Parashar, Anshu Kandhari, Tushar Agarwal, Pankaj Bisht
- Stage Minicorn
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Sectors
Real Estate & Construction
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Email
***********
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Phone
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Website
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Social
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- Legal Name Procureyard Technology Private Limited
- Date of Incorporation 03 Jul, 2023
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$5.36 M (USD)0as on Mar 31, 2024
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Net Profit
$2.41 K (USD)0as on Mar 31, 2024
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EBITDA
$3.47 K (USD)0as on Mar 31, 2024
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Total Equity Funding
$1.93 M (USD)
in 2 rounds
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Latest Funding Round
$1.72 M (USD), Seed
Aug 06, 2024
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Investors
2am VC
& 21 more
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Employee Count
Employee Count
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Products & Services of ProcureYard
ProcureYard offers a comprehensive portfolio of products and services, including Procurement Platform, Smart Deal Flow, Market Intelligence, and Supply Chain Intelligence. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for sourcing and procuring raw materials efficiently.
AI system for handling negotiations and payments in procurement.
Provides real-time pricing and deal insights for cost optimization.
Offers real-time tracking and vendor communication features.
Funding Insights of ProcureYard
ProcureYard has successfully raised a total of $1.93M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.72 million completed in August 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 2
- Last Round Seed — $1.7M
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First Round
First Round
(09 Oct 2023)
- Investors Count 22
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Seed - ProcureYard | Valuation | The Indian Dream , Powerhouse Ventures | |
| Oct, 2023 | Amount | Angel Round - ProcureYard | Valuation | Deepak Kapoor |
| 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 ProcureYard
ProcureYard has secured backing from 22 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include 2am VC, The Indian Dream and C² 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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Early-stage venture funding for sector-agnostic startups in India.
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Founded Year | Domain | Location | |
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Venture capital fund focused on early-stage tech startups
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Founded Year | Domain | Location | |
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Venture capital firm investing in tech sectors
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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 ProcureYard
| 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 - ProcureYard
| 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 |
Procureyard Comparisons
Competitors of ProcureYard
ProcureYard 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 Infra.Market, ZippMat, BuilditIndia, Inframandi and Vendor Infra, 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 |
Digital procurement and supply solutions for construction materials are facilitated.
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| domain | founded_year | HQ Location |
Construction materials and logistics services are supplied for infrastructure projects.
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| domain | founded_year | HQ Location |
Construction building materials are supplied via an online B2B platform.
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| domain | founded_year | HQ Location |
Construction materials are supplied through an online marketplace platform.
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| domain | founded_year | HQ Location |
B2B digital collaboration is enabled for supply chain communities.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about ProcureYard
When was ProcureYard founded?
ProcureYard was founded in 2023.
Where is ProcureYard located?
ProcureYard is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of ProcureYard?
Anshu Kandhari is the current CEO of ProcureYard. They have also founded this company.
Is ProcureYard a funded company?
ProcureYard is a funded company, having raised a total of $1.93M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $211.4K, raised on Oct 09, 2023.
What is the annual revenue of ProcureYard?
Annual revenue of ProcureYard is $5.36M as on Mar 31, 2024.
What does ProcureYard do?
ProcureYard was founded in 2023 in Gurugram, India, focusing on the construction sector. AI-driven solutions for material procurement are delivered through a platform that supports product ordering and storage for construction needs. Operations are managed by co-founders including the CEO, CPO, COO, and CBO, with services tailored to streamline procurement processes in the industry.
Who are the top competitors of ProcureYard?
ProcureYard's top competitors include Infra.Market, ZippMat and Vendor Infra.
What products or services does ProcureYard offer?
ProcureYard offers Procurement Platform, Smart Deal Flow, Market Intelligence, and Supply Chain Intelligence.
Who are ProcureYard's investors?
ProcureYard has 22 investors. Key investors include 2am VC, The Indian Dream, C² Ventures, Abhishek Goyal, and Chhaya Sawhney.
What is ProcureYard's valuation?
The valuation of ProcureYard is $11.44M as of Aug 2024.
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