Fundz

ProcMart raised INR 25 crore in a pre-Series B funding round led by Sixth Sense Ventures India.

PRIVATEMar 22, 2024

Amount Raised

$250 Million

Round Type

Series B

Financial Services

Investors

Sixth Sense Ventures India

Description

ProcMart, a leading business-to-business procurement marketplace, has secured INR 25 crore in its pre-Series B funding round from Sixth Sense Ventures India. The funding will enable ProcMart to further expand its offerings and strengthen its presence in the market.

Quick answer

ProcMart raised $250 Million in a Series B round, dated March 22, 2024. Investors: Sixth Sense Ventures India.

How much did ProcMart raise?
ProcMart raised $250 Million in a Series B round on March 22, 2024.
Who invested in ProcMart?
Sixth Sense Ventures India is named as investors in this round.
What does ProcMart do?
ProcMart is an innovative company dedicated to driving growth, enhancing financial frameworks, and maximizing shareholder value.

Source: Fundz verified event record.

Who else raised in Financial Services around the same time

Companies in the same sectors as ProcMart that raised within 45 days of this round, from Fundz verified event records.

  • Jeeves raised $75M on May 6, 2024.
  • Wayve Technologies Limited raised $1.1B (Series C) on May 6, 2024.
  • BitGo Holdings raised $100M (Series C) on May 6, 2024.
  • Mesa raised $21M on May 6, 2024.
  • Coinbase raised $300M (Series E) on May 5, 2024.
  • Rupeek raised an undisclosed amount (Debt Financing) on May 3, 2024.

Who to call at ProcMart, and when

A new round usually means ProcMart is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day ProcMart raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at ProcMart, from your own LinkedIn network

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Company Information

Company

ProcMart

About

ProcMart is an innovative company dedicated to driving growth, enhancing financial frameworks, and maximizing shareholder value. With a robust pipeline of orders and new customer opportunities, ProcMart is at the cusp of embarking on an exciting phase of growth and financial health.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

ProcMart raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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