Bengaluru-based Ai Tech Startup Aerchain Raises $3m

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Aerchain, a Bengaluru-based artificial intelligence firm focused on procurement, has secured $3 million in a pre-Series A investment headed by IndiaMart and Season Two Ventures.

Aerchain, which runs on a SaaS basis and was founded by BITS Pilani alumni Harsha Kadimisetty and Himavanth Jasti in 2019, would use this funding for product development, market expansion, and talent hire.

Speaking about the platform, Harsha Kadimisetty, CEO and Co-founder of Aerchain said,“We are in a unique space where we can provide our customers with tangible savings, efficiency gains, and intangible compliant procurement benefits.

Commenting on the investment, Sajan Pillai, Managing Partner, Season Two Ventures said, “The supply chain and logistics industry in India has portrayed a tremendous opportunity and scope for expansion and growth through the pandemic & and our association with Aerchain couldn’t have come at a better time.