In its pre-Series B financing, Sixth Sense Ventures India invested Rs 25 crore ($3 million) in ProcMart, a b2b procurement platform.
According to ProcMart’s regulatory filing filed from the RoC, the board issued 5,933 pre-series B CCPS at an issue price of Rs 42,127 each to raise Rs 25 crore, as reported by Entrackr.
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ProcMart has provided an ecosystem to bring and connect all the stakeholders through a common interface that is designed to meet the demand of specific roles and responsibilities in an organization.
Among ProcMart’s customers are Vedanta, Mondelez, Harman, and Colgate. It has one office in Malaysia and thirteen in India. In 2022, the business introduced white-label construction equipment sales.
Procmart aims to bring down the turnaround time per transaction in the B2B space to 24 hours and thereby help buyers and sellers to carry out the transactions effectively and efficiently.
About Procmart
Founded in 2015 by Anish Popli, Procmart is a B2B marketplace that connects buyers and sellers through an easy-to-use application, enabling the buyers to procure effectively.
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