Aerchain, a Bengaluru, India-based AI tech startup focused on the procurement segment has raised $3 million in a pre-Series A round co-led by IndiaMart and Season Two Ventures.

Aerchain will use this capital for product development, market expansion, and hiring talent.

Company: Aerchain.io

Raised: $3.0M

Round: pre-Series A

Funding Month: September 2021

Lead Investors: IndiaMart and Season Two Ventures

Additional Investors:

Company Website: https://www.aerchain.io/

Software Category: Source-to-Pay cycle > AI-powered SaaS platform

About the Company: Founded by BITS Pilani alumni - Harsha Kadimisetty and Himavanth Jasti in 2019, Aerchain, which operates on a SaaS model. Aerchain is an AI-powered SaaS platform transforming the Source-to-Pay operations for enterprises across industries by seamlessly connecting relevant stakeholders, improving visibility, and increasing efficiency while driving much-required hard cash savings. The Aerchain platform digitizes the entire procurement process providing comprehensive visibility, data, and insights to silo-based systems across Purchase Requisitions, RFQs & Quotes, Order Management, Gate Entry & Store Inward, and Returns & Payments. With Aerchain Pay, they are simplifying financing and accounting for businesses.

Source: https://yourstory.com/2021/09/funding-alert-aerchain-raises-3-m-indiamart/amp