Sachin Jain Joins ProcMart as Co-Founder

Sachin Jain has been appointed as co-founder at ProcMart, a leading B2B marketplace focusing on indirect procurement. His journey with ProcMart began in March 2024 when he took on the roles of CFO and CSO, where he played a pivotal role in the company’s expansion strategies, improvement of financial systems, and sustainability efforts, including the acquisition of a green packaging facility located in Aurangabad.

Sachin Jain’s Background Prior to ProcMart

Before his tenure at ProcMart, Sachin Jain was the CFO at Mahle Anand Filter Systems, overseeing finance, tax, and IT functions. Jain has also held a senior position as Vice President of Finance at the Anand Group, contributing significantly to financial management.

Role as Co-Founder at ProcMart

As a co-founder, Jain will collaborate closely with ProcMart’s founder and CEO, Anish Popli. Their joint efforts will focus on stimulating growth, enhancing customer engagement, and scaling operations across various sectors, including supply chain management, product development, and financial planning.

Overview of ProcMart

Launched in 2015, ProcMart specializes in providing comprehensive supply chain solutions and infrastructure to various businesses. The services offered include purchase order management, contract administration, master data management, e-catalog management, and market intelligence.

Funding and Financial Performance

ProcMart has successfully raised a total of $43 million to date, which includes a substantial $30 million Series B funding round led by the Fundamentum Partnership and Edelweiss Discovery Fund. Existing investors in the company include IndiaMART.

Impressive Revenue Growth

The company’s gross revenue surged over 200%, reaching Rs 621.5 crore in FY24, as compared to Rs 206.07 crore in FY23. Furthermore, ProcMart maintained profitability throughout FY24, underscoring its robust financial health.