ProcureYard is a technology company.
ProcureYard has raised $2.0M across 1 funding round.
ProcureYard has raised $2.0M in total across 1 funding round.
ProcureYard has raised $2.0M in total across 1 funding round.
ProcureYard's investors include GSF Accelerator, Pras Hanuma.
ProcureYard is an AI-powered B2B procurement platform specializing in raw materials for construction, manufacturing, and infrastructure industries, such as TMT steel, structures, aggregates, bitumen, wires, and cables.[1][2][3] It serves businesses ranging from SMEs to large enterprises by modernizing fragmented procurement processes through digital ordering, AI-driven supplier matching, pricing intelligence, supply chain tracking, storage solutions, and analytics, solving pain points like high costs, delays, unreliable suppliers, and paperwork chaos.[1][2][3] The platform has shown explosive growth, achieving $10 million ARR by March 2024, $37 million ARR by March 2025 with a 400% CAGR in FY25, ₹44.4 Cr revenue in FY24, and seed funding of $1.72 million as of January 2025, while building a network of 500+ verified suppliers and boasting a 98% delivery rate.[2][4]
ProcureYard Technology Private Limited was incorporated in July 2023 in New Delhi, India, founded by Anshu Kandhari, Somdutt Parashar, Tushar Agarwal, and Pankaj Bisht.[1][2][4] The founders identified inefficiencies in traditional B2B raw material sourcing for construction and related sectors, leading to the creation of an AI-driven platform to digitize and streamline these processes.[1][4] Early milestones included reaching profitability and $10 million ARR by March 2024, raising seed funds in July 2024, and scaling to $37 million ARR by March 2025 with a 400% CAGR, demonstrating rapid traction in India's booming infrastructure ecosystem.[2]
ProcureYard rides the wave of India's infrastructure boom, fueled by government initiatives like PMAY and Gati Shakti, alongside digital transformation in supply chains amid rising construction demand.[1][2] Its timing aligns with AI adoption in B2B e-commerce, addressing a fragmented $200B+ raw materials market plagued by opacity and middlemen, where digital platforms can capture value through efficiency gains.[1][3] Market forces like urbanization, manufacturing resurgence under PLI schemes, and post-pandemic supply chain digitization favor its model, positioning it as a key enabler for SMEs and enterprises scaling operations.[2][4] By building one of India's largest procurement networks, it influences the ecosystem by standardizing transparent sourcing, reducing costs industry-wide, and fostering sustainable growth in construction tech.[1]
ProcureYard is primed for Series A expansion, leveraging its $37M ARR trajectory, recent seed funding, and profitability to deepen AI capabilities, expand supplier networks beyond 500, and enter adjacent sectors like renewables or exports.[2][4] Trends like generative AI for predictive procurement, blockchain for traceability, and India's $1.4T infra pipeline by 2025 will accelerate its growth, potentially pushing ARR past $100M.[2] Its influence could evolve from niche disruptor to category leader, reshaping B2B procurement as the go-to platform for efficient, tech-driven scaling in India's construction powerhouse—building success, one smart purchase at a time.[3]
ProcureYard has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Seed in January 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 1, 2025 | $2.0M Seed | GSF Accelerator, Pras Hanuma |