ProcureX Technologies - About the company
ProcureX Technologies is a seed company based in Hyderabad (India), founded in 2024 by Narsi Reddy Posham, Aravind Maroju, Thej Kiran, Bharath Kumar Reddy and Bade Naidu. It operates as an Online platform offering software solutions for construction management and project tracking. ProcureX Technologies has raised $1M in funding, with a current valuation of ₹*****. The company has 1657 active competitors, including 150 funded and 84 that have exited. Its top competitors include companies like Procore, Powerplay and BuildOps.
Company Details
Online platform offering software solutions for construction management and project tracking. It provides tools for resource planning, budgeting, documentation, and real-time collaboration. The platform is used by contractors, engineers, and project managers.
- Website
- procurextech.com
- Email ID
- *****@procurextech.com
- Registered Address
- Sy.No.237,H No.4-49/2, Vattinagulapally,Gandipet, Gachibowli, K.V.Rangareddy, Seri Lingampally, Telangana, India, 500032
Key Metrics
Founded Year
2024
Location
Hyderabad, India
Stage
Seed
Total Funding
$1M in 1 round
Latest Funding Round
Post Money Valuation
₹***** as on Jan 09, 2025
Ranked
619th among 1657 active competitors
Employee Count
17 as on Apr 30, 2025
Legal entities associated with ProcureX Technologies
ProcureX Technologies is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
PROCUREX TECHNOLOGIES PRIVATE LIMITED CIN: U46632TS2024PTC185288 , India, Active | May 09, 2024 | - | 17 (As on Apr 30, 2025) |
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ProcureX Technologies's funding and investors
ProcureX Technologies has raised a total funding of $1M over 1 round.
Here is the list of recent funding rounds of ProcureX Technologies:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 11, 2024 | 1539232 | Seed | 4810403 | 1627627 | 5370895 | 3921834 |
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ProcureX Technologies' founders and board of directors
Founder? Claim ProfileThe founders of ProcureX Technologies are Narsi Reddy Posham, Aravind Maroju, Thej Kiran, Bharath Kumar Reddy and Bade Naidu. Aravind Maroju is the CEO of ProcureX Technologies.
Here are the details of ProcureX Technologies' key team members:
- Narsi Reddy Posham: Founder of ProcureX Technologies and founder of 1 other company.
- Aravind Maroju: Founder & CEO of ProcureX Technologies. Contact Info: 1 phone number
- Thej Kiran: Co-Founder of ProcureX Technologies.
- Bharath Kumar Reddy: Co Founder & Product Head of ProcureX Technologies.
- Bade Naidu: Co-Founder of ProcureX Technologies.
View details of ProcureX Technologies's Founder profiles and Board Members
ProcureX Technologies' employee count trend
ProcureX Technologies has 17 employees as of Apr 25. Here is ProcureX Technologies's employee count trend over the years:
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ProcureX Technologies's Competitors and alternates
Top competitors of ProcureX Technologies include Procore, Powerplay and BuildOps. Here is the list of Top 10 competitors of ProcureX Technologies, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Procore 2003, Carpinteria (United States), Public | SaaS-driven project management software for construction professionals | $406M | 79/100 | |
2nd | Provider of SaaS-driven communication and collaboration software for construction professionals | $15.6M | 71/100 | ||
3rd |  BuildOps 2018, Santa Monica (United States), Series C | Software solution for facility management and commercial contractors | $226M | 71/100 | |
4th | Viewpoint 1976, Newcastle Upon Tyne (United Kingdom), Acquired | Provider of construction enterprise resource planning and project management software | $86M | 70/100 | |
5th | Hyphen Solutions 1998, Addison (United States), Series A | Collaboration and scheduling software for home construction sector | - | 63/100 | |
6th | Provider of data, forecasts, and software for energy market participants | $54M | 62/100 | ||
7th | Kahua 2009, Alpharetta (United States), Series D | PaaS for creating construction project management software and mobile applications | $40.4M | 62/100 | |
8th | Trunk Tools 2021, New York City (United States), Series B | Provide software for project leaders to address the skilled labor shortage and align workers incentives | $70M | 61/100 | |
9th | Aurigo Software 2003, Austin (United States), Series B | Provider of AI and cloud-based construction project management software | $17.5M | 61/100 | |
10th | Sitetracker 2013, Palo Alto (United States), Series D | Provider of asset lifecycle management platform for critical infrastructure projects | $153M | 59/100 | |
619th | ProcureX Technologies 2024, Hyderabad (India), Seed | Online platform offering software solutions for construction management and project tracking | $1M | - | 23/100 |
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ProcureX Technologies's Latest cap tables and shareholding
Founders (largest shareholder) own 56.52%, Enterprises own 26.09%, Angels own 2.17% and Other People own 15.22%. The net worth of ProcureX Technologies's founders is INR 13Cr as of Jan 09, 2025.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 56.52% | 13Cr | 9717796 | 8909388 | 4354027 | 4723002 |
8783205 | 7197845 | 6758946 | 5475634 | 4154488 | 3805573 | |
4336950 | 5110770 | 7362915 | 1137953 | 7977284 | 3749386 | |
9026831 | 4195351 | 2881991 | 9085225 | 1591987 | 3551089 | |
Enterprise | 26.09% | 6Cr | 4146039 | 4607397 | 5620170 | 6903453 |
Angel | 2.17% | 50L | 92 | 95 | 88 | 39 |
Other People | 15.22% | 3.5Cr | 1834374 | 9624095 | 3260877 | 1896176 |
Total | 100.00% | 23Cr | 7697137 | 4613751 | 5088787 | 9402950 |
To unlock detailed Cap Table of ProcureX Technologies Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of ProcureX Technologies's Shareholding
ProcureX Technologies's Investments and acquisitions
ProcureX Technologies has made no investments or acquisitions yet.
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