Startup Funding Tracker

ProcMart funding, investors and company details

ProcMart is an emerging Logistics startup from Noida, working in the space of B2B procurement marketplace that focuses on simplifying indirect procurement and supply chain management for enterprises across a wide range of industries.. Founded by Anish Popli, Pratik Potnis, Saheel Joshi.

  • Company: Instant Procurement Services Private Limited
  • Sector: Logistics
  • Location: Noida
  • Founders: Anish Popli, Pratik Potnis, Saheel Joshi
  • Total funding raised: ₹356.71 Cr

Company overview

ProcMart is a B2B procurement marketplace founded in 2015 that focuses on simplifying indirect procurement and supply chain management for enterprises across a wide range of industries. The company addresses common enterprise challenges such as fragmented vendor sourcing, inconsistent quality, and extended lead times by providing a single, dependable procurement platform. ProcMart’s solution centralizes sourcing and procurement, improving reliability and operational efficiency. With a catalog of over 300,000 SKUs sourced from 4,000+ suppliers across 25+ industries, ProcMart serves sectors including automotive, oil & gas, healthcare, chemicals, and FMCG. Its end-to-end offering spans the entire procurement lifecycle—from sourcing to fulfillment—delivering cost efficiencies, faster turnaround times, and reduced operational downtime. Operating in more than 30 cities across India, ProcMart is also expanding into international markets such as Malaysia and Indonesia, underscoring its ambition to build a global procurement platform. Backed by a strong supplier ecosystem and a technology-driven approach, the company enables data-led decision-making, scalable operations, and sustainable procurement practices.

Funding rounds

  • Latest round (Series B): $ 30.00 Mn (₹250.35 Cr.), 2024-04-16. Investors: Nandan Nilekani’s Fundamentum, Edelweiss Discovery Fund, Sanjeev Aggarwal’s VC fund
  • Past round (Pre Series B): ₹25.00 Cr. ($ 3.00 Mn), 2024-03-22. Investors: Sixth Sense Ventures
  • Past round (Series A): $ 10.00 Mn (₹81.36 Cr.), 2022-11-21. Investors: Sixth Sense Ventures