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ProcMart

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ProcMart
Company typePrivate Limited
IndustryB2B Marketplace
Founded2015
FounderAnish Popli
HeadquartersNoida, Uttar Pradesh, India
Area servedIndia
RevenueIncrease ₹621 crore (US$74 million) (FY24)
Net incomeDecrease ₹0.73 crore (US$87,000) (FY24)
Websitewww.procmart.com

ProcMart is an Indian B2B e-commerce and supply chain company involved in procuring and supplying Safety items. Anish Popli is the founder and CEO of the company.

The company is headquartered in Noida, Uttar Pradesh, India and has 6 fulfillment centers across major cities like New Delhi, Pune, Bangalore, Chennai, Ahmedabad, Goa, Bhubaneswar and Secunderabad.

History

ProcMart was founded by Anish Popli in 2015. He graduated from NIT Trichy and spent 4.5 years working at Bharat Heavy Electricals in the project engineering management department. He is also alumnus of IIM Lucknow. Few months after launch, the company expanded its portfolio to cover over 20 categories and over 300 brands.

Indian e-commerce company IndiaMART invested in ProcMart in 2016. After investing Indiamart, the company revenue reached Rs 100 crore.

ProcMart raised $10mn series A funding led by Sixth Sense Ventures in 2021.

Shashank Naharas appointed as senior vice president, Asia Pacific of ProcMart in May 2022.

See also

References

  1. "ProcMart GMV zooms 3X to Rs 621 Cr in FY24; profit slips 56%". Entrackr.
  2. "ETtech Deals Digest: Amid 'Tech Winter', dry funding taps, startups set to face turmoil". The Economic Times. 25 November 2022.
  3. Jakki, Aditya Laxman (20 June 2016). "ProcMart Raises Pre Series A Funding from IndiaMART". www.business-standard.com.
  4. Jose, Teena (26 December 2022). "'Grow Fast' Should Not Merely Be the Only Objective of Business, Says ProcMart's Anish Popli". Entrepreneur.
  5. Basu, Sreeradha; Verma, Prachi (24 September 2022). "Startups campus hiring may see a pullback". The Economic Times.
  6. "ProcMart sees huge demand from FMCG sector; eyes Rs 1000 crore revenue in next 3 years - ET Retail". ETRetail.com.
  7. "IndiaMART invests in ProcMART". The Economic Times.
  8. Babu, T. E. Narasimhan and Gireesh (19 July 2016). "IndiaMART to raise Rs 100 crore to expand, acquire start-ups". business-standard.
  9. Dewan, Neha (21 November 2022). "B2B procurement marketplace ProcMart raises $10 million in Series A funding round". The Economic Times.
  10. "ProcMart appoints Shashank Naharas as senior vice president, Asia Pacific". Financialexpress.
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