Powerhouse Ventures led a $1.72 million seed funding round for ProcureYard, a B2B commerce platform for raw materials. The round also saw participation from Java Capital, 2am VC, Abhishek Goyal, co-founder of Tracxn, and Rajesh Sawhney, founder of GSF.

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ProcureYard raises $1.72M, turns profitable within 18 months
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ProcureYard raises $1.72M, turns profitable within 18 months

The company has achieved an Annualised Revenue Run Rate (ARR) of Rs. 300 crore.