Procol
About
Procol is a procurement platform for large enterprises to help monitor and reduce spend.
- Gurgaon,Haryana,India
- 11 - 50
- https://www.procol.io
Details
- Last Funding Type
- Series A
- Last Funding Money Raised
- ₹510M
- Industries
- Computer,Enterprise Software,Information Technology,Procurement,SaaS,Software
- Founded date
- Jan 1, 2018
- Number Of Employee
- 11 - 50
- Operating Status
- Active
Procol is a procurement platform for large enterprises to help monitor and reduce spend. It's the year 2020, and the world's largest spend taken place offline.We’re living in a world where we have Amazons. In contrast with the world of business purchases where 60% of the time is spent on cold calling, emailing, following-up, and even worse, a large number of transactional frauds happen on payments and deliveries. Resulting in ruined trust and suffered business relationships.In a market of trillion $ of business spend, Procol is building an all-in-one digital procurement platform — a single place for live auctions, collaboration, and intelligent insights.Backed by investors like Blume Ventures, Sequoia Surge, Beenext, and Rainmatter.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Sep 13, 2022 | Series A | ₹510M | 16 | — | — | Detail |
| Jun 17, 2022 | Series A | ₹430M | 7 | — | — | Detail |
| Jul 14, 2020 | Seed | $4M | 3 |
Surge
|
— | Detail |
| Jul 17, 2019 | Seed | $1M | 2 |
Blume Ventures
Rainmatter Technology
|
— | Detail |
| Jan 1, 2018 | Grant | $100K | 1 |
Y Combinator
|
— | Detail |
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Rainmatter Technology
|
Yes | Seed |
|
Y Combinator
|
Yes | Grant |
Aaryaman Vir
|
— | Series A |
Alarko Ventures
|
— | Series A |
|
|
— | Series A |
|
|
— | Series A |
Ankush Grover
|
— | Series A |
Ashish Dave
|
— | Series A |
BEENEXT
|
— | Series A |
|
Blume Ventures
|
— | Series A |
Employee Profiles
