ProcMart, a B2B e-commerce company, has raised USD 10 million, or around Rs 82 crore, in a fundraising round that was spearheaded by Sixth Sense Ventures.
The most recent Series A fundraising round will be used to fund worldwide expansion, vendor collaborations, and technological and warehouse upgrades.
ProcMart, situated in Noida, aims to generate Rs1,000 crore in revenue over the next three years and, in the near future, hopes to grow in Vietnam, Australia, and Dubai.
ProcMart, founded in 2015, is an enterprise-focused MRO (maintenance, repair, and overhaul) aggregator with a technologically enabled digital platform.
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