When was Procol founded?

Procol was founded in 2018 and raised its 1st funding round within a year of its incorporation.

Where is Procol located?

Procol is headquartered in New York, United States. It is registered at D-644, 1st Floor, Saraswati Vihar, Near D Block Market, Pitampura, North West, NEW DELHI, Delhi, India, 110034.

Who is the current CEO of Procol?

Gaurav Baheti of Procol. They have also founded 2 companies.

Which legal entities is Procol associated with?

Procol is associated with PROCOL TECH PRIVATE LIMITED.

How many employees does Procol have?

As of Aug 31, 2025, Procol has 115 employees, reflecting a 56% year-over-year growth in headcount.

Is Procol a funded company?

Procol is a funded company, having raised a total of $11.2M across 4 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on 2018.

How much is Procol worth?

The latest valuation of Procol is $***** as of Jun 17, 2022.

When was the latest funding round of Procol?

Procol's latest funding was a $***** Series A round on Jun 17, 2022, with participation from 30 investors. Its primary sector is SCM Software. In United States, the SCM Software sector has seen $665M in funding in 2026 to date.

What is the annual revenue of Procol?

Annual revenue of Procol is between ₹10 Cr and ₹50 Cr as on Mar 31, 2025

Where does Procol rank among its competitors?

Procol ranks 7th amongst 520 active competitors, of which 83 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Pivot, which secured $40M in May, 2026.

Who are the top competitors of Procol?

Procol's top competitors include Taulia, Zip and PayEm. Among them, Pivot secured the most recent funding round in May, 2026.

Procol - 2026 Company Profile, Team, Funding, Competitors & Financials

Procol is a series A company based in New York (United States), founded in 2018 by Gaurav Baheti. It operates as a Provider of AI procurement software for enterprise procurement management solutions. Procol has raised $11.2M in funding from investors like GMO Venture Partners, Blume Venture and Surge, with a current valuation of $*****. The company has 520 active competitors, including 83 funded and 46 that have exited. Its top competitors include companies like Taulia, Zip and PayEm.

Company Details

Provider of AI procurement software for enterprise procurement management solutions. The platform automates procurement processes, streamlines sourcing, and strengthens supplier relationships. It offers features such as e-auctions, vendor onboarding, and spend analytics. The software aims to provide spend visibility and control across the procurement lifecycle.

Website: www.procol.ai/
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Registered Address: D-644, 1st Floor, Saraswati Vihar, Near D Block Market, Pitampura, North West, NEW DELHI, Delhi, India, 110034

Key Metrics

Founded Year

2018

Location

New York, United States

Stage

Series A

Total Funding

$11.2M in 4 rounds

Latest Funding Round

Series A, Jun 17, 2022, $*****

Post Money Valuation

$***** as on Jun 17, 2022

Investors

GMO Venture Partners & 33 more

Ranked

7^th among 520 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2025

Employee Count

115 as on Aug 31, 2025

Similar Companies

PayEm & 595 more

View Procol's full profile

Procol is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PROCOL TECH PRIVATE LIMITED CIN: U72900DL2018PTC340246 , India, Active	Oct 08, 2018	₹10 - ₹50 Cr (As on Mar 31, 2025)	115 (As on Aug 01, 2025)

Procol has raised a total funding of $11.2M over 4 rounds. Its first funding round was on 2018. Its latest funding round was a Series A round on Jun 17, 2022 for $*****. 30 investors participated in its latest round. Procol has 22 institutional investors and 12 angel investors.

Here is the list of recent funding rounds of Procol:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 17, 2022	6163527	Series A	6758522	9725889	1663648	2496304
Apr 13, 2020	1956216	Series A	3724448	8568811	3949633	Beenext & 1 more
Jul 11, 2019	3895772	Seed	3622023	3858395	Blume Venture	Rainmatter

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View details of Procol's funding rounds and investors

The founders of Procol is Gaurav Baheti. Gaurav Baheti is the CEO of Procol.

Here are the details of Procol's key team members:

Gaurav Baheti: Founder & CEO of Procol and founder of 1 other company.
Contact Info: 1 email address

Procol's Board of Directors

Procol's board has 2 active members. Sumit Kumar and Gaurav Baheti are part of team.

Here is the list of Procol's board of directors:

Name	Type	Representing	Status	Duration
Sumit Kumar	Team	-	Current	7y 10m
Gaurav Baheti	Team	-	Current	7y 10m

View details of Procol's Founder profiles and Board Members

Procol's employee count trend

Procol has 115 employees as of Aug 25. The total employee count is 55.0% more than what it was in Aug 24. Here is Procol's employee count trend over the years:

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Top competitors of Procol include Taulia, Zip and PayEm. Here is the list of Top 10 competitors of Procol, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Taulia 2009, San Francisco (United States), Acquired	AI-based electronic invoicing and supply chain management solution for businesses	$220M	Trinity Ventures, Zouk Capital & 26 others	73/100
2nd	Zip 2020, San Francisco (United States), Series D	Provider of a platform for procurement orchestration, intake, and spend management	$358M	Y Combinator, Bond Capital & 10 others	65/100
3rd	PayEm 2019, San Francisco (United States), Series A	SaaS-based expense management solutions for corporate organisations	$47M	NFX, Pitango & 6 others	64/100
4th	Omnea 2021, London (United Kingdom), Series B	Provider of web-enabled procurement orchestration solutions for the supply chain	$138M	Accel, Insight Partners & 16 others	63/100
5th	Aerchain 2016, Bengaluru (India), Series A	AI and cloud-enabled end-to-end procurement management solutions	$17M	Telama Investments, Pavestone Capital & 9 others	61/100
6th	CredAble 2017, Mumbai (India), Series B	Provider of working capital solutions and supply chain finance programs	$49.2M	Equentia Natural Resources, Plutus Wealth Management ... & 138 others	59/100
7th	Procol 2018, New York (United States), Series A	Provider of AI procurement software for enterprise procurement management solutions	$11.2M	Rainmatter, Mars Shot Ventures & 32 others	59/100
8th	Stampli 2014, Mountain View (United States), Series D	Provider of software for procure to pay and finance automation	$148M	SignalFire, Insight Partners & 6 others	58/100
9th	Mynd Fintech 2002, Gurugram (India), Series A	Online marketplace for supply chain financing	$16.3M	SIDBI Venture Capital, Mayfield & 3 others	58/100
10th	Pivot 2023, Paris (France), Series B	Provider of source-to-pay platform streamlining procurement, spend management, and vendor relations	$66.9M	Visionaries Club, Emblem & 15 others	58/100