ProcMart raises $10 mn in funding round led by Sixth Sense Ventures

B2B e-commerce firm ProcMart on Monday said it has raised USD 10 million, about Rs 82 crore in a funding round led by Sixth Sense Ventures.

The latest Series A funding round will be deployed towards international expansion, strengthening vendor partnerships and upgrading technological and warehousing capabilities, the company said in a statement.

Noida-based ProcMart plans to achieve Rs 1,000 crore revenue in next three years and is planning to expand in Vietnam, Australia and Dubai in the coming months.

“This financing will be crucial to increasing our geographic reach, forming effective vendor alliances, and improving our technological and warehousing capabilities.