Company Name : ProcMart
Funding Amount : Undisclosed
Investor(s) Dinesh Agarwal . .
Funding Round : Angel round
B2B marketplace startup ProcMart has raised an undisclosed amount in an angel funding round from IndiaMART founder and CEO Dinesh Agarwal.
A business procurement marketplace based out of Noida and Pune, ProcMart which stands for Procurement and Market connects buyers and sellers through an easy to use application, and enables buyers procure with ease.
It further allows the buyer to make comparisons, evaluate across specific & non-standardized products, and enables them with hands-on quick decision making information.
The founder and CEO, ProcMart, Anish Popli said, “B2B commerce is a very interesting and a complex space. There are a plethora of issues pertaining to buyer and supplier discovery, developing transparency and trust between the buyers and sellers, reducing the turnaround time per transaction, streamlining logistics, easy financing etc. and thus there are ample number of opportunities in this space. It makes us feel confident that Dinesh Agarwal was impressed about our idea, our approach, and our determination to solve the inconsistencies in this market.”
ProcMart aims to bring down the turnaround time per transaction in the B2B space to one day and thus they would be using the funds raised towards enhancing their existing application by introducing new and unique features, introducing a mobile based platform and towards market penetration.
ProcMart was started in April 2015 by Anish Popli, Pratik Potnis and Saheel Joshi.