ProcMart

About ProcMart

ProcMart, established in 2015, operates as a business-to-business (B2B) platform for maintenance, repair, and operations (MRO) supplies within the Indian market. The company was founded by Anish Popli, an alumnus of NIT Trichy and IIM Lucknow, who brought experience from his time at BHEL and Energo Engineering to the venture. His background in the engineering and power sectors provided foundational knowledge for addressing the complex procurement needs of industrial clients.

The firm serves a wide array of sectors, including FMCG, oil and gas, pharmaceuticals, and automotive, by offering a digital platform to streamline the procurement process. ProcMart's business model is centered on a full-stack approach, managing the entire procurement lifecycle from product discovery and vendor consolidation to fulfillment and post-delivery analytics. It generates revenue by providing these end-to-end procurement solutions, which helps clients consolidate their vendor base, manage inventory, and optimize costs. The company's platform connects clients with a network of over 4,000 active suppliers and provides access to a portfolio exceeding 300,000 stock-keeping units (SKUs).

The service digitizes and simplifies the traditionally complex MRO supply chain. Clients can use the platform to source industrial supplies, manage purchase orders, and track deliveries. A key feature is its vendor consolidation capability, which allows large enterprises to reduce the number of suppliers they manage, leading to improved efficiency and potential cost savings. The platform also offers data analytics to provide insights into spending patterns and procurement efficiency. Since its inception, ProcMart has expanded its operations globally, with a presence in Malaysia, and has secured several rounds of funding, including a $30 million Series B round, to fuel its growth and technological development.