VC Fund Investments
B2B procurement marketplace ProcMart raises Rs.25-Cr more from Sixth Sense Ventures
ProcMart , a Noida -based B2B procurement marketplace, has raised INR 25 crore (USD 3 million) in its pre-Series B funding round from Sixth Sense Ventures India. ProcMart has issued 5,933 pre-Series B CCPS at an issue price of INR 42,127 each to the investor. The latest funding round values ProcMart at INR 275 crore.The latest round follows the startup’s Series A round of USD 10 million, led by Sixth Sense Ventures in November 2022.With this capital infusion, Sixth Sense now holds the largest external stake in ProcMart, owning 30% of the company. Founder and CEO Anish Popli retains a significant 41.76% stake.Established in 2015 by Anish Popli, ProcMart, backed by IndiaMART, offers supply chain solutions and infrastructure to businesses. Its services include purchase order management, contract administration, master data management, e-catalogue management, and market intelligence.
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