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.
Backed by investors like Blume Ventures, Sequoia Surge, Beenext, and Rainmatter.
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.
Backed by investors like Blume Ventures, Sequoia Surge, Beenext, and Rainmatter.
Location: India, Haryana, Gurugram
Employees: 51-200
Total raised: $6.44M
Founded date: 2018
Investors 2
| Date | Name | Website |
| 02.05.2023 | Alarko Ven... | alarkovent... |
| - | Blume Vent... | blume.vc |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 13.09.2022 | Series A | $6.44M | - |
Mentions in press and media 7
| Date | Title | Description |
| 13.09.2022 | Procurement management software startup Procol raises Rs 51 Cr funding | Procurement management software startup Procol has raised Rs 51 crore funding from GMO Venture Partners, Alarko Ventures, Esas Ventures, FounderBank Capital, and Anchorage Capital. The funding round also saw the participation of existing ... |
| 13.09.2022 | Sequoia’s Surge, Beenext join $6.4m round of Indian procurement platform | InvestmentsNewsStartups Aditya Hadi Pratama · 13 Sep 2022 · 1 min readSequoia’s Surge, Beenext join $6.4m round of Indian procurement platform Procol, an India-based procurement platform, has raised 510 million rupees (around US$6.4 million... |
| 13.09.2022 | Procurement management platform Procol raises ₹51 crore in funding | Procurement management software Procol has raised ₹51 crore in funding from GMO Venture Partners, Alarko Ventures, Esas Ventures, FounderBank Capital and Anchorage Capital. The round saw participation from existing investors Blume Ventures,... |
| 13.09.2022 | Procurement management platform Procol raises Rs 51 crore in funding | ETtech(From left) Procol founders Gaurav Baheti & Sumit Mendiratta Procurement management software Procol has raised Rs 51 crore in funding from GMO Venture Partners, Alarko Ventures, Esas Ventures, FounderBank Capital, and Anchorage Ca... |
| 13.09.2022 | Procurement management software startup Procol raises Rs 51Cr in funding | Advertisment The platform claims to have a supplier network of over 25,000 and has managed more than Rs 7,500 crore of procurement spends. Currently, it works with over 70 large enterprises, including Dalmia Bharat, Havells, Mrs Bectors, E... |
| 13.09.2022 | Procurement Management Software Startup Procol Raises Rs 51 Crore Funding | Procol, a procurement management software startup, has raised Rs 51 crore in funding from GMO Venture Partners, Alarko Ventures, Esas Ventures, FounderBank Capital, and Anchorage Capital. Existing investors Blume Ventures, Beenext, and Sequ... |
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