In Bengaluru, often hailed as the Silicon Valley of India, a groundbreaking transformation in procurement is underway. ProcUrPal, an AI-driven SaaS platform, is redefining how Indian enterprises manage procurement, making the process faster, smarter, and more efficient. Founded in December 2023 by Vikas Chadda, a seasoned tech leader with over 25 years of experience, ProcUrPal aims to empower businesses while positioning India as a global leader in AI-driven procurement solutions.
The Vision Behind ProcUrPal
Vikas Chadda’s journey from corporate leadership to entrepreneurship was fueled by his firsthand experience with outdated procurement systems. Inspired by the advanced eProcurement tools used in China, Chadda envisioned a platform tailored for Indian businesses. “Why don’t Indian businesses have access to efficient, scalable solutions like their Chinese counterparts?” he questioned. This vision led to the creation of ProcUrPal—a proudly Made-in-Bharat platform designed to simplify procurement processes and drive cost efficiency.
Key Features of ProcUrPal
ProcUrPal leverages artificial intelligence and automation to streamline every stage of the sourcing journey. Its two core modules—RFx Management and eAuction—are purpose-built for efficiency and transparency:
RFx Management: Automates Request for Proposals (RFPs) and Requests for Quota Bengaluru Startup ProcUrPal Builds 8 Lakh+ Supplier Network to Challenge China’s Dominancetions (RFQs), reducing turnaround times by over 50%. The AI evaluates bids based on compliance, pricing, and performance metrics, enabling smarter decision-making.
eAuction Module: Facilitates real-time competitive bidding through forward and reverse auctions. This feature ensures cost optimization and offers smart dashboards for detailed insights.
ProcUrPal also offers flexible pricing models—subscription-based, event-based, and spend-based—making it accessible to businesses of all sizes.
Building a Robust Supplier Network
One of ProcUrPal’s standout achievements is its extensive supplier ecosystem. With over 8 lakh verified vendors onboarded, it has created one of India’s most powerful supplier networks. This ecosystem enhances supplier visibility and simplifies sourcing events for enterprises across industries like retail, FMCG, logistics, and manufacturing.
Recognition and Certifications
- ProcUrPal has already garnered significant accolades:
- Recognized as a startup under the Startup India Initiative by DPIIT.
- Awarded ISO 27001 certification for its commitment to data security and compliance.
- Honored with the Best Use of AI in Procurement & SaaS award at the Elets India AI Summit 2024.
Driving Impact Across Industries
Within just two months of its launch in February 2025, ProcUrPal has started reshaping enterprise procurement in India. Clients report up to 20% project cost savings on average, alongside improved operational efficiency. The platform’s localization ensures seamless integration with Indian compliance standards and workflows—something global ERPs often struggle with.
The Road Ahead: Global Expansion Plans
While still in its early stages, ProcUrPal has ambitious plans for growth. The startup aims to expand into Southeast Asia, the Middle East, and Europe—regions ripe for digital procurement transformation. Upcoming features include predictive analytics, AI-powered contract management systems, and multilingual compliance tools.
To attract more clients, ProcUrPal offers a 15-day free trial—a risk-free opportunity to experience its capabilities before committing to paid services.
Revolutionizing Indian Tech Innovation
ProcUrPal is more than just a tech platform; it’s a movement showcasing India’s potential to compete globally in AI-driven innovation. By simplifying vendor selection workflows and enabling real-time e-procurement events, it empowers businesses to make smarter decisions while reducing costs.
As the global procurement SaaS market is projected to reach $17.5 billion by 2033 (growing at a CAGR of 8.38%), ProcUrPal is well-positioned to lead this transformation.