B2B procurement platform ProcMart raised $10 million in its Series A from Sixth Sense Ventures

Share via:

B2B procurement platform ProcMart raised $10 million in its Series A from Sixth Sense Ventures. The supply chain startup backed by IndiaMART plans to use the funds to expand globally, strengthen vendor alliances, and modernise its technology and warehousing capabilities.

ProcMart connects a wide range of stakeholders from various industries and supply chain levels to help them choose the best procurement solutions. ProcMart’s revenue target for the next three years is Rs 1,000 crore. The news comes just days after Tradezeal Online, an IndiaMART wholly owned subsidiary, agreed to sell ProcMart shares worth Rs 13.62 crore to Sixth Sense Ventures.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

B2B procurement platform ProcMart raised $10 million in its Series A from Sixth Sense Ventures

B2B procurement platform ProcMart raised $10 million in its Series A from Sixth Sense Ventures. The supply chain startup backed by IndiaMART plans to use the funds to expand globally, strengthen vendor alliances, and modernise its technology and warehousing capabilities.

ProcMart connects a wide range of stakeholders from various industries and supply chain levels to help them choose the best procurement solutions. ProcMart’s revenue target for the next three years is Rs 1,000 crore. The news comes just days after Tradezeal Online, an IndiaMART wholly owned subsidiary, agreed to sell ProcMart shares worth Rs 13.62 crore to Sixth Sense Ventures.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at [email protected]

More like this

Treating a chatbot nicely might boost its performance —...

People are more likely to do something if...

A bumpy road for EV manufacturers

Welcome to Startups Weekly — your weekly recap...

AI Tokens Resist Cooling Crypto Market as Bitcoin, Ethereum...

After a month of bullish activity, the broader...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!