About ProcureYard
ProcureYard is a Real Estate & Construction company based in Gurugram (India) founded in 2023 by Somdutt Parashar, Anshu Kandhari, Tushar Agarwal, and Pankaj Bisht. AI-powered procurement management for construction materials is offered. ProcureYard has raised $1.93 million across 2 funding rounds from investors including 2am VC, The Indian Dream and C² Ventures. ProcureYard was last valued at $11.44 million in August 2024. Its chief executive, as recorded, is Anshu Kandhari. Its Indian entity Procureyard Technology Private Limited reported revenue of ₹155 Cr. ProcureYard offers products and services including Procurement Platform, Smart Deal Flow, Market Intelligence, and Supply Chain Intelligence. Its focus areas include Real Estate and Construction Tech, Construction Tech, Project Management and Pre-Construction. Its competitors include Infra.Market, ZippMat and BuilditIndia; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Gurugram, India
- Founders Somdutt Parashar, Anshu Kandhari, Tushar Agarwal, Pankaj Bisht
- Stage Minicorn
- SectorsReal Estate & Construction
- Email••••••••
- Phone•••• ••••
- Website procureyard.com
- Social LinkedIn
- Legal Name Procureyard Technology Private Limited
- Date of Incorporation 03 Jul, 2023
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹155 Cr
FY 2025 · +249% YoY
- Net Profit₹5.6 Lakh
FY 2025 · 0% margin
- EBITDA₹10.3 Lakh
FY 2025 · 0% margin
- Total Equity Funding$1.93M (USD)
in 2 rounds
- Latest Funding Round$1.72M (USD), Seed
Aug 2024
- Investors2am VC
& 21 more
Associated legal entities of ProcureYard
ProcureYard operates through Procureyard Technology 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 |
|---|---|---|---|---|---|---|---|
| Procureyard Technology Private Limited CIN U46620DL2023PTC416493 | Active | 03 Jul 2023 | New Delhi, Delhi | ₹155 Cr | 4 | View details |
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.
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 $1.93M
- Total Rounds 2
- Last Round Seed — $1.72M
- First Round $211,400
(Oct 2023)
- Investors Count 22
All 2 funding rounds of ProcureYard 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 |
|---|---|---|---|---|---|
| Aug 2024 | $1.72M | Seed | $11.44M | The Indian Dream, Powerhouse Ventures | |
| Oct 2023 | $211,400 | Angel Round | $8.25M | Deepak Kapoor |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2024 | $11.44M | •••••••• |
| Oct 2023 | $8.25M | •••••••• |
Last known valuation $11.44M (Aug 2024). 22 investors in total: 5 institutional and 17 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture funding for sector-agnostic startups in India. | 2021 | 2amvc.com | Mumbai, India | |
Venture capital fund focused on early-stage tech startups | csquared.vc | |||
Venture capital firm investing in tech sectors | javacapital.co | Bengaluru, India | ||
Venture capital firm focused on early-stage investments | powerhouseventures.com | Singapore, Singapore | ||
Provides comprehensive strategic consulting services. | 2020 | theindiandream.in | Mumbai, India | |
AG Abhishek Goyal | Founder of Tracxn, active angel investor in Indian startups | unknown_4fe1c9db24f44889a | ||
CS Chhaya Sawhney | unknown_d63871f0ab9f4ba39 | |||
KK Kriti Kapoor | unknown_a27bcf0058ee4e80b | |||
HA Harshit Arora | unknown_aed90d421b5648c9a | |||
RK Ruchika Kandari | unknown_e45bd526808d4c4cb |
Investor details for ProcureYard
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 Procureyard Technology Private Limited (ProcureYard)
Procureyard Technology Private Limited is the primary company behind ProcureYard. The board of Procureyard Technology Private Limited currently have 4 directors; the longest-serving is Tushar Agarwal, appointed in 2023. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Tushar Agarwal DIN 10291129 | Director | 26 Aug 2023 | 3 yrs 2 mo | Procureyard Technology Private Limited |
| . Somdutt DIN 10291115 | Director | 26 Aug 2023 | 3 yrs 2 mo | Procureyard Technology Private Limited |
| Pankaj Bisht DIN 10291135 | Director | 26 Aug 2023 | 3 yrs 2 mo | Procureyard Technology Private Limited |
| Anshu Kandhari DIN 06716910 | Director | 01 Sep 2023 | 3 yrs 2 mo | Procureyard Technology Private Limited |
People of ProcureYard
4 people are tracked at ProcureYard (4 in leadership).
| Name | Role | Group |
|---|---|---|
Somdutt Parashar | Co-Founder & CPO | Leadership |
| Co-Founder & CEO | Leadership | |
| Co-Founder & COO | Leadership | |
| Co-Founder & CBO | Leadership |
Complete people profiles for ProcureYard
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.
Financials of ProcureYard
Figures of Procureyard Technology Private Limited, the primary company behind ProcureYard, for FY 2025. Revenue was ₹155 Cr (+249% year on year). Net profit was ₹5.6 Lakh (0% margin). EBITDA was ₹10.3 Lakh (0% margin).
- ₹155 CrRevenue · FY 2025 · +249% YoY
- ₹5.6 LakhNet profit · 0% margin
- ₹10.3 LakhEBITDA · 0% margin
- ₹1.3 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Procureyard Technology Private Limited are on its company page.
Detailed financial statements for ProcureYard
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 ProcureYard
4 dated milestones of ProcureYard across 1 years, from founding to its latest funding, stage changes and deals.
- Founded ProcureYard is founded.
- Funding First funding round of $211K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $1.7M.
Competitors of ProcureYard
ProcureYard has 3 listed competitors in our database, 3 of them funded. They include Infra.Market, ZippMat and BuilditIndia.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| infra.market | 2016 | Thane, India | $783.57M | 3,649 | Digital procurement and supply solutions for construction materials are facilitated. | |
| zippmat.com | 2021 | Bengaluru, India | $14.43M | 55 | Construction materials and logistics services are supplied for infrastructure projects. | |
| builditindia.com | 2021 | Ahmedabad, India | $399,573 | Construction building materials are supplied via an online B2B platform. |
Detailed competitors of ProcureYard
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Related news about Procureyard
Complete news archive for ProcureYard
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Frequently Asked Questions about ProcureYard
ProcureYard was founded in 2023.
ProcureYard is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Anshu Kandhari is the CEO of ProcureYard, as recorded in our data. They have also founded this 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 2023.
The primary company behind ProcureYard, Procureyard Technology Private Limited, reported revenue of ₹155 Cr for FY 2025, up 249% year on year.
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.
ProcureYard's top competitors include Infra.Market, ZippMat and BuilditIndia.
ProcureYard offers Procurement Platform, Smart Deal Flow, Market Intelligence, and Supply Chain Intelligence.
ProcureYard has 22 investors. Key investors include 2am VC, The Indian Dream, C² Ventures, Abhishek Goyal, and Chhaya Sawhney.
The valuation of ProcureYard is $11.44M as of Aug 2024.
ProcureYard operates through Procureyard Technology Private Limited.
The legal entities of ProcureYard currently have 4 directors, including Tushar Agarwal, . Somdutt, Pankaj Bisht and others.