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Venture Capital
sixth-sense.in

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Investments

67

Portfolio Exits

5

Funds

3

About Sixth Sense Ventures

Sixth Sense Ventures is India's first domestic consumer centric venture fund.

Headquarters Location

The Capital Bandra Kurla Complex Bandra (East) A – 909

Mumbai, 400051,

India

+91 22- 4017 6000

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Latest Sixth Sense Ventures News

IndiaMART-Backed ProcMart Secures $10 Mn Funding From Sixth Sense Ventures

Nov 21, 2022

Share story Recently, IndiaMART subsidiary Tradezeal Online agreed to sell 4,850 equity shares worth INR 13.62 Cr of ProcMart to Sixth Sense Ventures The supply chain startup plans to use the funds for international expansion, strengthening vendor partnerships and more ProcMart had revenue of INR 39.06 Cr in FY21, with a profit after tax of INR 1.08 Cr Delhi NCR-based B2B procurement marketplace ProcMart has raised $10 Mn (INR 81.86 Cr) in its Series A round from Sixth Sense Ventures. The IndiaMART-backed supply chain startup plans to use the funds for international expansion, strengthening vendor partnerships and upgrading its technology and warehousing capabilities. The current round comes shortly after IndiaMART subsidiary Tradezeal Online agreed to sell 4,850 equity shares worth INR 13.62 Cr of ProcMart parent Instant Procurement to Sixth Sense Ventures. ProcMart was launched in 2015 by IIM Lucknow alumnus Anish Popli as an enterprise-focused MRO (maintenance, repair and overhaul) supply chain aggregator. It connects a variety of stakeholders across various levels of the supply chain and industries, to help them select the best procurement solutions. ProcMart’s services include purchase order management, contract administration, data management, e-catalogue management, compliance tracking, sourcing support, market intelligence, tail spend management and more. ProcMart counts several enterprises such as Colgate, Mondelez, Harman, Dana and Vedanta among its customers. Recommended For You: With the funds raised, it also plans to expand across industry verticals and product categories. “This financing will be crucial to increasing our geographic reach, forming effective vendor alliances and improving our technological and warehousing capabilities,” founder and CEO Popli said in a statement. He added that the startup is profitable ‘consistently’. While the startup is yet to file its FY22 financial results, according to Tofler, ProcMart had revenue of INR 39.06 Cr in FY21, with a profit after tax of INR 1.08 Cr – nearly 3X jump year on year. In September 2022, ProcMart claimed that it would reach a cumulative revenue of INR 1,000 Cr by 2025. According to the startup, MRO is a $650 Bn industry globally and $18 Bn in India, with growth outpacing that of the manufacturing sector. Sixth Sense Ventures’ backing to the B2B startup comes on the back of the belief that ProcMart can leverage the nascency of the unorganised and fragmented MRO market in India. With the B2B procurement industry, the startup competes with the likes of Udaan, SOLV, ShakeDeal and more.

Sixth Sense Ventures Investments

67 Investments

Sixth Sense Ventures has made 67 investments. Their latest investment was in ProcMart as part of their Series A on November 11, 2022.

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Sixth Sense Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/21/2022

Series A

ProcMart

$10M

Yes

8

10/21/2022

Series D

Soothe Healthcare

$21.11M

No

4

9/14/2022

Series C

Nobel Hygiene

$16.62M

Yes

4

7/6/2022

Seed VC

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$99M

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10

6/28/2022

Series B

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$99M

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10

Date

11/21/2022

10/21/2022

9/14/2022

7/6/2022

6/28/2022

Round

Series A

Series D

Series C

Seed VC

Series B

Company

ProcMart

Soothe Healthcare

Nobel Hygiene

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Amount

$10M

$21.11M

$16.62M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

8

4

4

10

10

Sixth Sense Ventures Portfolio Exits

5 Portfolio Exits

Sixth Sense Ventures has 5 portfolio exits. Their latest portfolio exit was Ethos on May 31, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/31/2022

IPO

$99M

Public

2

2/9/2021

Acquired

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$99M

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10

3/4/2019

Acq - Fin

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$99M

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10

11/21/2018

Reverse Merger

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$99M

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10

8/12/2018

Acquired

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$99M

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10

Date

5/31/2022

2/9/2021

3/4/2019

11/21/2018

8/12/2018

Exit

IPO

Acquired

Acq - Fin

Reverse Merger

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

2

10

10

10

10

Sixth Sense Ventures Fund History

3 Fund Histories

Sixth Sense Ventures has 3 funds, including Sixth Sense Ventures Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/31/2018

Sixth Sense Ventures Fund II

$67.59M

2

6/29/2016

Sixth Sense Ventures Fund I

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$99M

10

11/1/2015

Sixth Sense Fund II

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$99M

10

Closing Date

10/31/2018

6/29/2016

11/1/2015

Fund

Sixth Sense Ventures Fund II

Sixth Sense Ventures Fund I

Sixth Sense Fund II

Fund Type

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Status

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Amount

$67.59M

$99M

$99M

Sources

2

10

10

Sixth Sense Ventures Team

2 Team Members

Sixth Sense Ventures has 2 team members, including current Founder, Chief Executive Officer, Nikhil Vora.

Name

Work History

Title

Status

Nikhil Vora

Founder, Chief Executive Officer

Current

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Name

Nikhil Vora

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Work History

Title

Founder, Chief Executive Officer

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Status

Current

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