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ProcMart runs a B2B procurement marketplace that connects buyers and sellers, with clients such as LG and Cargill.
Founded in 2015 by Chief Executive Officer Anish Popli, Instant Procurement Services Private Limited, trading as ProcMart, operates a B2B procurement marketplace and supply chain services such as MRO strategic sourcing and vendor managed inventory. In April 2024 the company raised USD 30 million in Series B funding led by Fundamentum Partnership, Edelweiss Discovery Fund and Paramark Ventures, with Sixth Sense Ventures and IndiaMART also participating. Its clients include LG, Cargill, Mondelez and Colgate.
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