Predict your next investment

INTERNET | eCommerce / B2B Commerce
instaproc.com

See what CB Insights has to offer

Stage

Angel | Alive

Mosaic Score

+20 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Instaproc

Instaproc provides a platform where buyers can share their requirements and sellers can post quotes. The company's marketplace is for bulk procurement of office furniture and equipment.

Instaproc Headquarter Location

Noida,

India

Latest Instaproc News

IndiaMart CEO Dinesh Agarwal Invest In Procurement Marketplace Instaproc

Jan 5, 2016

Google Pinterest Reddit Noida-based procurement marketplace for office products, Instaproc , has raised an undisclosed amount in angel funding from Indiamart founder and CEO Dinesh Agarwal . The startup will utilise the funds to expand its reach, improve buyer-supplier network and introduce new features on its platform. Instaproc was founded in 2015 by IIM Lucknow alumnus, Anish Popli, along with Pratik Potnis and Saheel Joshi. It is a B2B procurement assistance application where buyers share their requirements and sellers post price quotes. It is a marketplace for bulk procurement of office furniture and equipment. Instaproc also allows comparison, evaluation across specific & non-standardised products, and enables businesses with quick purchase decisions. The startup is currently being rebranded as ProcMart. Also Read:  Online B2B Marketplace Shotang Raises $5 Mn From Exfinity Venture & Unitus Impact Dinesh Agarwal, founder & CEO at IndiaMART.com, said, “The B2B procurement space has a lot of scope. I think I can help these businesses a lot. As an investor, I like to look at tech-oriented companies rather than execution-oriented companies.” Agarwal founded Indiamart, a B2B platform for SMEs in 1996, which presently claims to have 1.5 Mn suppliers listed on website and around 10 Mn buyers visiting the online platform every month. Prior to this, he has invested in a medical app Curofy, crowdfunding platform Wishberry, marketing platform SilverPush, foodtech startup InnerChef and developer startup AppVirality amongst others. According to Walmart’s report, the B2B ecommerce market opportunity in India is currently valued at $300 Bn, which is expected to expand to $700 Bn by 2020. Earlier in December 2015, B2B marketplace Shotang raised $5 Mn (INR 33 Cr. ) from Exfinity Venture Partners and Unitus Impact. Also, an online marketplace for industrial goods, Industrybuying.com, bagged an undisclosed amount in angel funding from Murugappa and TVS Families, in December 2015.It has also raised $9 Mn (INR 60 Cr. ) in its Series B round from Kalaari Capital and SAIF Partners and $2 Mn from SAIF Partners alone, in September and February 2015. Besides, Bizongo, another B2B marketplace for industrial goods, raised an undisclosed amount in seed funding from Accel Partners. Welcome to Flash Feed , your essential source for breaking news and innovation from around the web – bite-sized and updated all day. Advertisement

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Instaproc

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Instaproc is included in 1 Expert Collection, including E-Commerce.

E

E-Commerce

8,739 items

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.