Procol
AI-native procurement, from intake to pay.
New Delhi, India · Founded 2018 · $6.4M raised
- Headquarters
- New Delhi
- Employees
- 51–200
- Founded
- 2018
- Business Model
- B2B
- Website
- procol.ai
- Total Funding
- $6.4M
- Last Round
- $6.4M Series ASep 2022
- Rounds
- 1
About
Procol is India's fastest-growing AI-native procurement technology company, founded in 2018 by Gaurav Baheti and Sumit. The platform orchestrates the full procurement lifecycle from intake to payment, offering AI agents for autonomous sourcing, vendor onboarding, spend analytics, and supplier management. Procol's solutions are live at $1B+ global enterprises including Reliance, Havells, and VIP, helping reduce costs by up to 10% and PR-to-PO cycle times by 30-40%. With a team of 80+ members, Procol has conducted over 50,000 successful sourcing events and is rated 4.9/5 on G2.
Summary
Procol is an Artificial Intelligence company based in New Delhi, India, founded in 2018. It has raised $6.4M in total across 1 round, most recently a $6.4M Series A round in Sep 2022. Investors include GMO Venture Partners, Alarko Ventures and Esas Ventures.
Tech & App Stack
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Funding History
Sep 2022
Investors
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