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 City, 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, the latest employee count at Procol is 115.

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.

What is the annual revenue of Procol?

Annual revenue of Procol is ₹13.7Cr as on Mar 31, 2025.

Where does Procol rank among its competitors?

Procol ranks 38th amongst 454 active competitors, of which 60 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Fintary, which secured $10M in Nov, 2025.

Who are the top competitors of Procol?

Procol's top competitors include Omnea, Stotles and Arkestro. Among them, Fintary secured the most recent funding round in November, 2025.

Procol - 2026 Company Profile, Team, Funding & Competitors

Procol is a series A company based in New York City (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, with a current valuation of $*****. The company has 454 active competitors, including 60 funded and 41 that have exited. Its top competitors include companies like Omnea, Stotles and Arkestro.

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/
Social
Email ID: *****@procol.ai
Phone Number: +91 **********
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 City, 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

Ranked

38^th among 454 active competitors

Annual Revenue

₹13.7Cr as on Mar 31, 2025

Employee Count

115 as on Aug 31, 2025

Similar Companies

Omnea & 572 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	$1.62M (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.

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	4954174	Series A	6349022	5097112	9620454	6738991
Apr 13, 2020	4799940	Series A	7312431	5223060	4324936	Beenext & 1 more
Jul 11, 2019	7177686	Seed	5407434	2404987	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. Gaurav Baheti and Sumit Mendiratta are part of team.

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

Name	Type	Representing	Status	Duration
Gaurav Baheti	Team	-	Current	7y 4m
Sumit Mendiratta	Team	-	Current	7y 4m

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 Omnea, Stotles and Arkestro. 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	Omnea 2021, London (United Kingdom), Series B	Provider of web-enabled procurement orchestration solutions for the supply chain	$138M	Accel, Insight Partners & 16 others	64/100
2nd	Stotles 2019, London (United Kingdom), Series A	Cloud-based platform for procurement management	$21.6M	Seedcamp, Headline & 14 others	60/100
3rd	Arkestro 2017, San Francisco (United States), Series A	AI-powered procurement platform to optimize buying decisions for enterprises	$78M	New Enterprise Associates, Aramco Ventures ... & 20 others	58/100
4th	Concertiv 2014, New York (United States), Series A	Provider of web-enabled end-to-end procurement management solutions	$6.62M	Long Arc Capital, Redwood Partners & 2 others	58/100
5th	PayEm 2019, San Francisco (United States), Series A	SaaS-based expense management solutions for corporate organisations	$47M	Pitango, NFX & 6 others	56/100
6th	CobbleStone Software 1995, Princeton (United States), Unfunded	Provider of contract lifecycle management, vendor management, and e-procurement software	-	-	54/100
7th	BirchStreet Systems 2002, Newport Beach (United States), Series B	Developer of cloud-based procure-to-pay software for hospitality and food service	$2.04M	Nadavon Capital Partners, Parthenon Capital ... & 1 others	54/100
8th	Fintary 2021, San Francisco (United States), Series A	Automated payout solutions for revenue operations	$10M	Sierra Ventures, Harlem Capital & 1 others	52/100
9th	Periscope Holdings 2001, Austin (United States), Acquired	Offers web-based e-Procurement solutions	$4.5M	Tritonfinancial, Parthenon Capital	52/100
10th	Aerchain 2016, Bengaluru (India), Seed	AI and cloud-enabled end-to-end procurement management solutions	$3.99M	Telama Investments, IndiaMART & 8 others	50/100
38th	Procol 2018, New York City (United States), Series A	Provider of AI procurement software for enterprise procurement management solutions	$11.2M	-	57/100