Thursday, 5 March, 2026
Procurement management platform Procol raises Rs 51 Cr from investors in funding
By Basit Ansari
<p>Procurement management platform Procol has secured finance from GMO Venture Partners, Alarko Ventures, Esas Ventures, FounderBank Capital, and Anchorage Capital totaling Rs 51 Cr. Procol assists businesses in streamlining their manual purchasing procedures across a dispersed SME supplier base. The funds raised will be used to develop and improve procurement software and a B2B marketplace offered by Procol, helping to solve India's procurement issues.</p>
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