Procol
Company

Last deal

$6.1M
Local Amount - INR 510M

Amount

Series A

Stage

13.09.2022

Date

5

all rounds

$16.3M

Total amount

General

About Company
Procol is a digital procurement platform for large enterprises to reduce spend and monitor expenses.

Industry

Sector :

Subsector :

founded date

01.01.2018

Number of employees

Company Type

For Profit

Last funding type

Series A

IPO status

Private

Description

In a world where most business purchases take place offline, Procol aims to digitize the buying process and bring transparency, traceability, and cost savings to procurement. The platform offers live auctions, collaboration, and intelligent insights, bringing together buyers and sellers on an easy-to-use mobile and web application. Founded in 2018, Procol has been securely deployed at many $1B+ global companies, helping procurement teams reduce costs, digitize procurements, and improve compliance. Procol is rated 4.9/5 by leading enterprises on G2 and has been featured by Forbes. The team, consisting of ex-Google New York, Zomato, OYO engineers and product folks, is backed by investors like Blume Ventures, Sequoia Surge, Beenext, and Rainmatter.
Contacts