Fundz

Procurement Management Platform Procol Raises Rs 51 Crore In Funding

PRIVATESep 13, 2022

Amount Raised

₹510 Million

Round Type

Funding Round

GurugramManufacturingSupply Chain Management

Description

Procurement management software Procol has raised Rs 51 crore in funding from GMO Venture Partners, Alarko Ventures, Esas Ventures, FounderBank Capital, and Anchorage Capital.

Who else raised in Supply Chain Management and Manufacturing around the same time

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

  • MED-X raised $100K on October 28, 2022.
  • Scythe Robotics raised $2M (Seed) on October 28, 2022.
  • Cruz Foam raised $18M (Series A) on October 28, 2022.
  • Ostara raised $70M (Funding Round) on October 28, 2022.
  • DetraPel raised $5.3M on October 28, 2022.
  • Buddha Brands raised $3.9M (Seed) on October 27, 2022.

Who to call at Procol, and when

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

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  • Who you already know at Procol, from your own LinkedIn network

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Company Information

Company

Procol

Location

Gurugram, Haryana, India

About

Procol is an intelligent and the most user-friendly procurement software ever made. Founded in 2018, Procol's solutions have been securely deployed at many $1B+ global companies helping procurement teams reduce costs, digitize procurements, improve compliance by replacing emails and excel workflows with the world's most easy-to-use and secure e-sourcing platform. Procol is rated 4.9/5 ⭐️ by leading enterprises on G2 and has been featured by Forbes. We're a team of ex-Google New York, Zomato, OYO engineers and product folks who've worked at high-impact, growth companies and believe that we're on the journey of building one.

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Fundz sees it the moment Procol raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

2 contacts
Verified contactsShahjad K., Senior Director of Sales hidden hidden hiddenSee plans and pricing
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Procol 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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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.