Blume Venture and Zerodha-backed Rainmatter Capital have invested $1 million in a seed funding round in Delhi-based procurement startup Procol.
A provider of all-in-one procurement software — a mobile platform for live bidding, collaborations and market data, Procol will use this capital to scale its procurement platform and start deploying other applications around it. Founded by Gaurav Baheti and Sumit Mendiratta, it counts BigBazaar, Bikanervala, Haldiram’s among notable customers. (Source)
