At the Connecting Ideas With Money session held on the 17th of February at 4.30pm, Founder Anshu Kandhar pitched Procure Yard – that enables B2B raw materials procurement via their AI platform. Procure Yard is modernizing age-old manual procurement processes, saving time and money lost to inefficiencies.
📍 Based out of: Gurgaon & Bengaluru
🔍 Vertical: B2B Commerce
📈 Stage: Revenue Generating
🌟 What Sets Them Apart:
Achieving 8 crores GMV per month, with ~100 Cr Annualized run rate.
Profitability ✅
Innovative product Proof of Concept (POC).
Stellar founding team with 35+ years of collective experience.
🌐 Who They Are Solving For:
Demand Side SMEs: Government turnovers from 20 crores to 1000+ crores.
Supply Side SMEs: Manufacturing plants and distributors of Metal.
💡 How They Solve It: Introducing conversational commerce, recording conversations, and making intelligent decisions on pricing, negotiation, and conversion.
🚀 Team: Drawing from 13+ years of tech experience across top companies like PayTm, Facebook (Meta), Careem (Uber), and CRED. Founding team members are longtime friends turned colleagues, leveraging years of shared experience at companies like Ofbusiness, Oxyzo, and Metalbook.
The team is aiming for 100M ARR by 2024 end and 1B ARR by 2026 end, all while maintaining profitability.
