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.
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