ProcureYard - About the company
ProcureYard is a seed company based in Gurugram (India), founded in 2023 by Anshu Kandhari and Pankaj Bisht. It operates as an AI-powered material procurement management solutions for the construction sector. ProcureYard has raised $1.93M in funding from Powerhouse Ventures and The Indian Dream, with a current valuation of ₹*****. The company has 93 active competitors, including 32 funded and 2 that have exited. Its top competitors include companies like Infra.Market, OfBusiness and Kojo.
Company Details
AI-powered material procurement management solutions for the construction sector. The platform offers solutions that enables users to order products and store the products for construction purpose.
- Website
- procureyard.com
- Email ID
- *****@procureyard.com
- Phone Number
- +91 **********
- Registered Address
- HOUSE NO A-56 KHASRA NO, 4008/2704/597 FLOOR 1st, ESI, West Delhi, New Delhi, Delhi, India, 110015
Key Metrics
Founded Year
2023
Location
Gurugram, India
Stage
Seed
Total Funding
$1.93M in 2 rounds
Latest Funding Round
Post Money Valuation
₹***** as on Aug 06, 2024
Investors
Ranked
8th among 93 active competitors
Annual Revenue
₹100 - ₹500 Cr as on Mar 31, 2025
Employee Count
12 as on Jul 31, 2026
Similar Companies
Legal entities associated with ProcureYard
ProcureYard is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
PROCUREYARD TECHNOLOGY PRIVATE LIMITED CIN: U46620DL2023PTC416493 , India, Active | Jul 03, 2023 | ₹100 - ₹500 Cr (As on Mar 31, 2025) | - |
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ProcureYard's funding and investors
ProcureYard has raised a total funding of $1.93M over 2 rounds. Its first funding round was on Oct 09, 2023. Its latest funding round was a Seed round on Aug 06, 2024 for $*****. 11 investors participated in its latest round. ProcureYard has 5 institutional investors and 17 angel investors.
Here is the list of recent funding rounds of ProcureYard:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 06, 2024 | 5125971 | Seed | 4551171 | 4536637 | 7117734 | 8624517 |
Oct 09, 2023 | 6502702 | Angel | 8427463 | 8573540 |
Access funding benchmarks and valuations. Sign up today!View details of ProcureYard's funding rounds and investors
ProcureYard's founders and board of directors
Founder? Claim ProfileThe founders of ProcureYard are Anshu Kandhari and Pankaj Bisht. Anshu Kandhari is the CEO of ProcureYard.
Here are the details of ProcureYard's key team members:
- Anshu Kandhari: Co-Founder & CEO of ProcureYard. They serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
- Pankaj Bisht: Co-Founder & CBO of ProcureYard. They serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
ProcureYard's Board of Directors
ProcureYard's board has 4 active members. Anshu Kandhari, Pankaj Bisht, Somdutt Parashar and Tushar Agarwal are part of team.Here is the list of ProcureYard's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 2y 11m | |
Team | - | Current | 2y 11m | |
Team | - | Current | 2y 11m | |
Team | - | Current | 2y 11m |
View details of ProcureYard's Founder profiles and Board Members
ProcureYard's employee count trend
ProcureYard has 12 employees as of Jul 26. Here is ProcureYard's employee count trend over the years:
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ProcureYard's Competitors and alternates
Top competitors of ProcureYard include Infra.Market, OfBusiness and Kojo. Here is the list of Top 10 competitors of ProcureYard, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Infra.Market 2016, Thane (India), Series G | Manufacturer of building materials for construction and infrastructure project requirements | $804M | 70/100 | |
2nd | OfBusiness 2015, Gurugram (India), Series G | B2B commerce platform specializing in metals, chemicals, fashion, and food-processing | $776M | 64/100 | |
3rd |  Kojo 2018, San Francisco (United States), Series C | Provider of materials procurement platform for the construction contractors | $85.6M | 64/100 | |
4th | One-stop shop for infrastructure and construction material supply | $14.4M | 58/100 | ||
5th |  ProcurePro 2019, Brisbane (Australia), Series B | Procurement management software solutions for construction professionals | $19.8M | 56/100 | |
6th |  Field Materials 2022, San Jose (United States), Series A | Developer of software for construction material procurement and inventory management | $19M | 55/100 | |
7th | Provider of SaaS-driven subcontractor management software for the construction industry | $45M | 51/100 | ||
8th |  ProcureYard 2023, Gurugram (India), Seed | AI-powered material procurement management solutions for the construction sector | $1.93M | 50/100 | |
9th |  Vendor Infra 2019, Gurugram (India), Seed | B2B platform for digital collaboration and supply chain community platform | $265K | 47/100 | |
10th | Provider of an AI-powered cloud-based quoting and bidding software for the construction industry | $7M | 42/100 |
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ProcureYard's Latest cap tables and shareholding
Founders (largest shareholder) own 74.72%, Funds own 12.18%, Angels own 2.65% and ESOP Pool own 10.00%. The net worth of ProcureYard's founders is INR 71.7Cr as of Aug 06, 2024.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 74.72% | 71.7Cr | 2334663 | 7129397 | 1521780 | 2623923 |
3945842 | 9666866 | 9731662 | 1448915 | 9881734 | 2858546 | |
2452208 | 2245064 | 2905640 | 9924182 | 4647814 | 1043390 | |
Fund | 12.18% | 11.7Cr | 2486831 | 5250152 | 2732107 | 2652267 |
8801261 | 3557011 | 8734374 | 1757678 | 8709221 | 9649658 | |
Angel | 2.65% | 2.55Cr | 67 | 16 | 10 | 34 |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
ESOP Pool | 10.00% | 9.61Cr | 7093805 | 3962632 | 2150711 | 5301969 |
Other Investors | 0.45% | 43L | 0 | 0 | 0 | 0 |
Total | 100.00% | 96Cr | 5069765 | 2215113 | 3313413 | 5598848 |
To unlock detailed Cap Table of ProcureYard 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 ProcureYard's Shareholding
ProcureYard's Investments and acquisitions
ProcureYard has made no investments or acquisitions yet.
Reports related to ProcureYard
Here is the latest report on ProcureYard's sector:
News related to ProcureYard
•
Indian B2B procurement startup raises $1.72m seed fundingTech in Asia•Jan 20, 2025•ProcureYard, 2am VC, Java Capital, Powerhouse Ventures and 1 other
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