Anshu Kandhari (ProcureYard): 10 Key Things You Must Know

Overview

Anshu Kandhari is a prominent figure in the business and technology landscape, known for his role as co-founder of ProcureYard, an innovative AI-driven B2B commerce platform. Founded in 2023 alongside Pankaj Bisht, Somdutt Parashar, and Tushar Agarwal, ProcureYard has quickly become a significant player in transforming B2B supply chains, especially in the raw materials sector. Noteworthy for its rapid achievement of profitability and considerable growth, ProcureYard recently raised $1.72 million in seed funding. This article examines ten captivating facets of Anshu Kandhari's journey and the groundbreaking enterprise he leads.

1. Founding of ProcureYard

Anshu Kandhari co-founded ProcureYard in 2023, aiming to revolutionize the traditional procurement processes in the construction and manufacturing industries. The company's inception was fueled by the vision to streamline supply chain management through advanced AI technology.

2. Innovative AI Solutions

ProcureYard's hallmark innovation lies in its custom-built conversational AI platform. Initially successful in the metals sector, the platform is designed to be replicated across other raw materials, offering solutions that help SMEs negotiate deals, forecast finances, and extract actionable insights efficiently.

3. Rapid Growth and Profitability

Under Kandhari's leadership, ProcureYard achieved profitability within a scant 18 months, growing sixfold in revenue run rate. As of early 2025, the company has reached an annualized revenue run rate (ARR) of Rs 300 crore, a testament to its effective market strategy and operational excellence.

4. Funding Milestone

In January 2025, ProcureYard secured $1.72 million in seed funding led by Powerhouse Ventures, with participation from notable investors like Java Capital and 2am VC. This capital injection aims to bolster the company's product development and working capital management.

5. Multi-state Operations

Operational across more than 20 states in India, ProcureYard boasts a robust network of over 200 suppliers, catering to around 200 SMEs. This extensive reach underscores the company's ambition to dominate the B2B raw materials market in India.

6. Diverse Service Offerings

ProcureYard offers a comprehensive suite of services, including procurement and sale of raw materials, excess inventory liquidation, logistics management, and AI-driven supply chain optimization. These services cater to the construction, manufacturing, and infrastructure sectors.

7. Leadership and Vision

Anshu Kandhari, as CEO, directs ProcureYard with a clear focus on revolutionizing traditional industries with technology. His leadership is characterized by a commitment to leveraging AI for unprecedented operational efficiencies and market penetration.

8. Market Expansion Plans

Looking ahead, ProcureYard is poised for expansion, with plans to escalate its ARR to Rs 3,000 crore within the next 12-18 months. The company is also enhancing its AI capabilities in underwriting, lending, and risk mitigation to broaden its scope and impact.

9. Strategic Utilization of Funds

The recent funding will support ProcureYard's ambition to develop its AI-driven solutions further and manage working capital strategically. This investment positions the company to solidify its market leadership and expand its technological footprint.

10. Industry Impact and Recognition

ProcureYard's approach to digital transformation in a fragmented sector has earned it recognition as a potential leader in B2B procurement solutions. The company's vertical AI approach addresses critical inefficiencies, offering unparalleled value to small and medium enterprises.

Conclusion

Anshu Kandhari, through his visionary leadership of ProcureYard, represents the forefront of technological innovation in B2B commerce. With its rapid growth, innovative solutions, and commitment to transforming procurement processes, ProcureYard is set to redefine industry standards. Looking toward the future, Kandhari's company is well-positioned for continued success and expansion, potentially reshaping the procurement landscape.