Procol Tech Private
Latest round
- Series A
Last raised
- Jul 2022
Total raised
- $11M
Investors
- 12
About Procol Tech Private
Procol Tech Private Limited offers advanced procurement solutions, founded in 2018 and headquartered in Gurugram, India. Gaurav Baheti and Sumit Mendiratta founded the company, with Gaurav Baheti currently serving as CEO.Procol is a leading provider of AI-powered procurement software solutions designed to streamline the procurement process and enhance operational efficiency for organizations. Its offerings include strategic sourcing software, eAuction capabilities, vendor onboarding platforms, and integrated procurement orchestration tools. These products automate various stages from vendor selection to payment processing, addressing inefficiencies, lack of transparency, and high operational costs.70 and reported an EBITDA of INR -1,941,449. The company's revenue model is subscription-based, allowing organizations to access a suite of procurement tools through tailored pricing tiers that cater to various needs such as strategic sourcing and vendor management.83 million, the company plans to utilize these funds to further develop its software platform. Procol aims to launch new products designed to enhance procurement efficiency and expand into additional markets, targeting regions in North America and Europe by the end of 2024. This strategic focus on product development and geographic expansion is expected to bolster the company's growth trajectory.
Who invested in Procol Tech Private
12 investors across 3 rounds
See all investors in Procol Tech Private
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Questions about Procol Tech Private
Who invested in Procol Tech Private?
Procol Tech Private has 12 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Procol Tech Private raised?
Procol Tech Private has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Procol Tech Private last raise money?
Procol Tech Private's most recent round on record is a Series A, in Jul 2022.
What does Procol Tech Private do?
Procol Tech Private Limited offers advanced procurement solutions, founded in 2018 and headquartered in Gurugram, India.
Where is Procol Tech Private headquartered?
Procol Tech Private is headquartered in Gurugram, India.
Which VCs invest in companies like Procol Tech Private?
Among active investors with capital left to deploy, Yufu Capital, ICBC Capital Management, Ningbo Tongshang Fund and Boc Private Equity Firm back software companies at Procol Tech Private's stage. Their profiles are linked below.
VCs backing software startups at Series A
Raising like Procol Tech Private? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.