ProcMart explained

ProcMart
Founded:2015
Type:Private Limited
Founder:Anish Popli
Industry:B2B Marketplace
Location City:Noida, Uttar Pradesh
Location Country:India
Area Served:India

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.[1] [2] [3]

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.[4]

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.[5]

Indian e-commerce company IndiaMART invested in ProcMart in 2016.[6] After investing Indiamart, the company revenue reached Rs 100 crore.[7]

ProcMart raised $10mn series A funding led by Sixth Sense Ventures in 2021.[8]

Shashank Naharas appointed as senior vice president, Asia Pacific of ProcMart in May 2022.[9]

See also

References

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

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