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Gurugram-based provider of AI-powered procurement software, covering sourcing, eAuctions, vendor onboarding and orchestration.
Founded in 2018 and based in Gurugram, India, Procol Tech Private Limited sells subscription procurement software to public sector bodies, educational organizations and enterprises. Its tools automate steps from vendor selection to payment, and the company reported revenue of INR 412,708.70 in its latest fiscal year. A Series A round on July 26, 2022 raised INR 507.83 million, led by Alarko Ventures and Anchorage Capital Partners, with returning investors BEENEXT and Blume Ventures.
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