Procol is a procurement platform for large enterprises to help monitor and reduce spend.
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.
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 |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Rainmatter Technology | Yes | Seed |
Y Combinator | Yes | Grant |
Aaryaman Vir | — | Series A |
Alarko Ventures | — | Series A |
Anchorage Capital Group | — | Series A |
Ankit Sethi | — | Series A |
Ankush Grover | — | Series A |
Ashish Dave | — | Series A |
BEENEXT | — | Series A |
Blume Ventures | — | Series A |