ProcMart elevates Sachin Jain to co-founder

ProcMart, a B2B marketplace for indirect procurement, has appointed Sachin Jain as co-founder. 

Sachin Jain joined ProcMart in March 2024 as CFO and CSO, playing a key role in business expansion, financial systems enhancement, and sustainability initiatives, including the acquisition of a green packaging facility in Aurangabad.

Before joining ProcMart, Sachin Jain served as the CFO at Mahle Anand Filter Systems, where he managed finance, tax, and IT operations.  He also held the position of Senior Vice President of Finance at the Anand Group.

As co-founder, he will work alongside founder & CEO Anish Popli to drive growth, strengthen customer relationships, and scale operations across supply chain, product development, and finance. 

Founded in 2015, ProcMart provides supply chain solutions and infrastructure to businesses including services such as purchase order management, contract administration, master data management, e-catalog management, and market intelligence.

The company has raised $43 million to date, including a $30 million Series B round led by the Fundamentum Partnership and Edelweiss Discovery Fund. Its existing investors also include IndiaMART.

ProcMart’s gross revenue shot up over 200% to Rs 621.5 crore in FY24 when compared to Rs 206.07 crore in FY23. The company remained profitable during FY24.