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
Not available
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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.
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.
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.
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Early-stage venture funding for sector-agnostic startups in India.
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Venture capital fund focused on early-stage tech startups
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Venture capital firm investing in tech sectors
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Investor details for ProcureYard
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- Investor locations
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Investments & Acquisitions by ProcureYard
Investment portfolio details for ProcureYard
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- Transaction dates
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Financial Statements - ProcureYard
Detailed financials for ProcureYard
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Procureyard Comparisons
Peer comparison for ProcureYard
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Digital procurement and supply solutions for construction materials are facilitated.
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Construction materials and logistics services are supplied for infrastructure projects.
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Construction building materials are supplied via an online B2B platform.
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Construction materials are supplied through an online marketplace platform.
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B2B digital collaboration is enabled for supply chain communities.
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Detailed competitors of ProcureYard
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Latest news on 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 current CEO of ProcureYard. They have also founded this company.
ProcureYard is a funded company, having raised a total of $1.93M across 2 funding rounds to date.
Annual revenue of ProcureYard is $5.36M as on Mar 31, 2024.
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 Vendor Infra.
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.