In an attempt to bolster its position in the industry, ProcMart, an online business-to-business (B2B) start-up in India has planned strategic business acquisitions in the coming two years. In addition to this, the company wants to enhance its specalised hiring and expand its portfolio. 

According to a company statement, its acquisition strategy will circle around several strategies in line with its vision and existing capabilities. The ticket size will range from Rs 50 crore to Rs 200 crore. 

The company will primarily focus on multiple B2B companies from India and South East Asian countries like Indonesia, Thailand and Vietnam. It will have a strong emphasis on manufacturing and distribution organisations. 

ProcMart will target industries like MRO, BioFuel, Packaging, Custom Engineering, Utility Services and Non-Specialty Chemicals. 

Speaking about the strategic acquisitions, Anish Popli, Founder and CEO, ProcMart, said, "ProcMart is poised for rapid growth this year and also the next few years due to its ability to seamlessly integrate cutting-edge technology into its sourcing and procurement processes. These planned acquisitions align with our commitment to providing our clients with a comprehensive sourcing ecosystem. By expanding our capabilities and further specialising our offerings, we aim to strengthen our position as India's premier online B2B sourcing partner, enabling businesses to thrive in an increasingly competitive marketplace."