ProcureYard, a fast-growing B2B commerce platform specializing in raw materials, has raised $1.72 million in a seed funding round led by Powerhouse Ventures. The round also saw participation from notable investors, including Java Capital, 2am VC, and renowned angel investors Abhishek Goyal, Co-founder of Tracxn, and Rajesh Sawhney, Founder of GSF.
Headquartered in Gurugram and Bengaluru, ProcureYard aims to streamline and transform the procurement landscape for construction raw materials. The startup provides an end-to-end suite of solutions designed to address the complex needs of businesses operating in this space. From procurement and sale of construction materials to excess inventory liquidation and customization services, the platform is built to enhance efficiency and cost-effectiveness.
One of ProcureYard’s standout offerings is its logistics management service, which ensures seamless delivery and tracking of materials across the supply chain. Additionally, the platform provides financing options, enabling businesses to manage their working capital more effectively. These offerings are particularly valuable in a sector often characterized by fragmented supply chains and inconsistent financial support.
A key differentiator for ProcureYard is its integration of advanced vertical AI solutions, which optimize supply chain operations and elevate customer relationship management. By leveraging artificial intelligence, the platform empowers businesses to predict demand, streamline operations, and improve overall decision-making processes. This tech-driven approach positions ProcureYard as a leader in modernizing the raw material procurement sector.
The fresh infusion of capital will enable ProcureYard to expand its operations, refine its technology offerings, and further develop its platform to meet the evolving demands of the market. With the construction industry’s growing reliance on streamlined and efficient procurement processes, ProcureYard is well-placed to drive innovation and deliver value to its users.
The participation of prominent investors and industry leaders underscores the confidence in ProcureYard’s vision and growth potential. By addressing critical inefficiencies in the raw material supply chain, the platform is set to play a pivotal role in shaping the future of B2B commerce in the construction sector.
As the company accelerates its growth trajectory, ProcureYard’s comprehensive solutions and technology-driven approach are expected to attract a broader customer base while contributing to the digital transformation of the raw materials procurement industry in India and beyond.
