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Procol
Other B2B Software · India · Founded 2018
Advanced procurement software that is flexible, user-friendly, cost-effective, enterprise-grade secure, and can be deployed in under 7 days to optimize procurement management MoreLess
Procol is a procurement technology company that offers a suite of software solutions designed to digitize and streamline the procurement process for businesses. The company primarily serves large enterprises, with solutions deployed at companies with revenues exceeding $100 million and even $1 billion.
Procol's platform helps organizations move away from traditional methods like emails and spreadsheets to a more integrated and automated system. Its core offerings include strategic sourcing software, e-sourcing tools, and an online auction platform. These tools are designed to help businesses reduce costs, improve compliance, and enhance efficiency in their procurement operations. The company emphasizes features like real-time bidding, supplier communication and coordination, and intelligent automation for approvals and decision-making. By providing a centralized platform, Procol aims to bring transparency and data-driven insights to the entire source-to-pay lifecycle.
The business model appears to be B2B SaaS, where clients subscribe to their procurement software. The company offers flexible pricing plans and the ability to get a personalized quote, suggesting a tiered or customized subscription model based on the client's needs.
Keywords: procurement software, source-to-pay, strategic sourcing, e-sourcing, online auction platform, supplier management, cost reduction, procurement automation, B2B SaaS, enterprise software
Company overview
Procol company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2018
- Headquarters
- India
- Employees
- 201
- Open positions
- None listed
- Dealroom signal
- 89.2
Valuation & funding
Procol funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES A✓Equity / VC | Jun 2022 | $5.5M | $75M | Beenext · GMO Venture Partners · Surge · Vistra ITCL | ↗ |
| SEED✓Equity / VC | Jul 2020 | $4M | $16M | Surge | — |
| SEED✓Equity / VC | Jul 2019 | $1M | $4M | Blume Ventures | — |
Financials
Revenue and workforce over time
Available revenue and workforce history. Fields without reported data are omitted.
| Year | Revenue | Growth | Employees |
|---|---|---|---|
| 2026 | $1.2M | 0% | 201 |
| 2025 | $1.2M | 0% | 194 |
| 2024 | $1.2M | — | 143 |
| 2023 | — | — | 146 |
| 2022 | — | — | 102 |
| 2021 | — | — | 40 |
| 2020 | — | — | 30 |
Growth signals
Procol website traffic
Latest recorded traffic for Procol is 46K monthly website visits, down 4.2% over the last three months. Procol's team grew 3.6% over the past year.
Comparisons
Procol compared with similar companies
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Talent graph
Procol's talent
Source: Dealroom Talent Intelligence.
Global footprint
Where Procol has talent and traffic
In the news
Latest news about Procol
Recent press, funding announcements, and product moves mentioning Procol — open to read from the original sources.
Market sentiment
What the market is saying about Procol
An AI-synthesized read of the highest-engagement posts about Procol on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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