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§ Private Profile · Landmark Cyber Park Sector 67 Fl 3, Haryana, 122002, India
ProcureYard is a technology company.
ProcureYard provides an AI-powered B2B procurement platform specializing in raw materials like TMT, structures, flats, and bitumen. It streamlines sourcing via instant quotes, verified suppliers, and real-time delivery tracking. The platform leverages AI for negotiations, payments, pricing intelligence, and supply chain visibility, optimizing procurement.
Founded in 2023 by Anshu Kandhari, Pankaj Bisht, and Somdutt, ProcureYard addresses traditional B2B raw material procurement inefficiencies. The founders established the company to modernize complex processes, tackling fragmented supply chains and manual efforts with technology for an efficient marketplace.
The platform serves construction and infrastructure development businesses requiring efficient raw material sourcing. ProcureYard aims to transform the procurement landscape, fostering transparency, cost-effectiveness, and agility for its users. It continually enhances AI capabilities, expanding its influence as a crucial tool for smart purchasing.
ProcureYard has raised $2.0M across 1 funding round.
ProcureYard has raised $2.0M in total across 1 funding round.
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 | Status |
|---|---|---|---|---|
| Jan 1, 2025 | $2M Seed | — | GSF Accelerator, Pras Hanuma | Announced |
ProcureYard has raised $2.0M in total across 1 funding round.
ProcureYard's investors include GSF Accelerator, Pras Hanuma.