Proglix Commerce Analysis: $1M Raised
What is Proglix Commerce?
Proglix operates a full-stack digital supply-chain platform for metal and steel procurement. It connects buyers, suppliers, and manufacturers across procurement, logistics, inventory liquidation, customization, financing, and e-procurement. The company was founded in 2022 and is based in Singapore and Indonesia, with recognition from Forbes Asia, Tech in Asia, and Y Combinator.
Location
100 Tras Street #09-01 100AM, Singapore (079027)
Employees
11-50
Founded
2022
Revenue
<$5M
Business Model
Streamlined procurement, excess inventory liquidation, and financing solutions drive revenue.
Investors
- 500 Global
- Number Capital
- Magic Fund
Product Features & Capabilities
- Galvalume Coil, Galvanized Coil, PPGL Coil, Steel Pipes, Steel Plate, Checkered Steel Plate, H-Beam, Angle Bar, Wide Flange, C-Channel, U-Channel, Hollow Steel, Steel Roof, Floor Deck, Hotdip Fence, Electroplated Fence, Fence Pole, Rebar Wire, Gabion Mesh, Birmingham Wire Gauge, Barbed Wire, Reinforcement Bar, Wiremesh
How much Proglix Commerce raised
Seed - $1.35 million
February 24, 2023Lead Investor: 500 Global, Number Capital, Magic Fund
Who are the founders of Proglix Commerce
Competitors Overview
Proglix Commerce operates in a competitive landscape within the B2B procurement market for metal and steel raw materials in Indonesia. Key competitors include:
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Elefin: A leading B2B commerce platform that simplifies purchasing for businesses with a range of tools. Elefin focuses on e-procurement solutions, which may offer a more comprehensive digital experience compared to Proglix.
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Gotoko: A B2B e-commerce platform launched by GoJek, which connects traditional retailers with suppliers. Gotoko's backing by a major tech company may provide it with significant resources and market reach.
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Mitra: Another B2B platform that facilitates connections between businesses and suppliers, focusing on various sectors including FMCG.
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Warung Pintar: This platform aims to digitize traditional retail businesses, providing them with access to suppliers and procurement solutions.
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Grab Kio: A service by Grab that integrates B2B procurement into its existing ecosystem, leveraging its extensive user base and technology.
Notable differences or advantages of these competitors may include stronger brand recognition, larger funding, or unique technological integrations that enhance user experience and operational efficiency.
Market Focus
Proglix Commerce primarily focuses on the B2B market, specifically in the metal and steel manufacturing industry in Indonesia. They streamline the procurement of metal and steel raw materials and provide services tailored for businesses in this sector.
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