ProcureYard
Category: AI in Supply Chain / Logistics
AI-driven B2B procurement platform for raw materials in construction, manufacturing, and infrastructure. ProcureYard was founded in 2023. The company is led by Anshu Kandhari. Based in Gurugram and Bengaluru, India. Team size: 200. Total funding raised: $1.72 million. Latest round: Seed round led by Powerhouse Ventures. Key investors include Powerhouse Ventures, Java Capital, 2am VC, Abhishek Goyal, Rajesh Sawhney.
- Founded
- 2023
- Headquarters
- Gurugram and Bengaluru, India
- Team size
- 200
- Total funding
- $1.72 million
Value proposition
Simplifies raw material procurement with AI-driven solutions, enhancing efficiency and reducing costs.
Products and solutions
Conversational AI platform for procurement
Unique value
Custom-built conversational AI platform for procurement
Target customer
Construction, manufacturing, and infrastructure businesses
Industries served
Construction, Manufacturing, Infrastructure
Technology advantage
AI-driven platform that enhances procurement efficiency
How they differentiate
Focus on AI-driven procurement solutions for raw materials
Main competitors
Procore, ProcureDesk, SmartProcure
Key partnerships
Powerhouse Ventures, Java Capital, 2am VC, Tracxn, GSF
Major milestones
Achieved profitability within 18 months Raised $1.72 million in seed funding Expanded operations across 20 states
Growth metrics
Achieved Rs 300 crore in ARR within 18 months
Market positioning
Emerging leader in AI-driven B2B procurement
Geographic focus
India, operating in over 20 states
Patents and IP
Not specified
About Anshu Kandhari
Anshu Kandhari is the Co-Founder & CEO of ProcureYard, an AI-driven B2B procurement platform. With a background in sales and business development, Anshu has held leadership roles at various companies, including OYO, Nearbuy, and Zomato. He has a proven track record of building and scaling businesses from the ground up.
Official website: https://procureyard.com/