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Enterprise procurement platform Aerchain secures $13 Mn in Series A round

EntrackrEntrackr · 1d ago
Enterprise procurement platform Aerchain secures $13 Mn in Series A round
Medial

Enterprise procurement platform Aerchain secures $13 Mn in Series A round AI-native enterprise procurement platform Aerchain has raised $13 million (Rs 118 crore) in a Series A funding round led by Pavestone VC, along with participation from IndiaMART and other investors. The Bengaluru-based startup had previously secured $3 million in a pre-Series A funding round back in September 2021, co-led by IndiaMART and Season Two Ventures. The fresh funds will be utilized to accelerate its global expansion and enhance AI capabilities as it builds what it terms the "Spend Operating System," Aerchain said in a press release. Co-founded in 2021 by Harsha Kadimisetty and Himavanth Jasti, Aerchain is an AI-native enterprise procurement platform that orchestrates, executes, and advises across the full intake-to-pay lifecycle. The Spend Operating System covers conversational intake and SOW generation, vendor discovery and management, RFQ and auction automation, autonomous negotiation, techno-commercial evaluation, contract management, invoice processing, and payment tracking, all powered by a multi-agent AI architecture trained on each customer’s data. Aerchain says that its "Spend Operating System" is a comprehensive platform designed to transform enterprise procurement from a reactive cost centre into a proactive business driver. Most enterprise procurement teams continue to operate in a reactive mode, trapped in email chains, Excel spreadsheets, and ERP workarounds. Aerchain's Spend Operating System addresses these challenges through a comprehensive three-level transformation, such as eliminating reactive firefighting, where its Spend Orchestration layer automates 80% of operational procurement work, reducing task completion time from days to hours. Aerchain deploys AI agents that prepare analyses, surface benchmarks, draft negotiation playbooks, and accelerate outcomes, enabling buyers to make better decisions faster. Once operational bandwidth is freed, the platform's Spend Intelligence module continuously analyses spend patterns alongside external market dynamics, including commodity movements, contract expirations, and vendor consolidation opportunities, proactively sharing actionable recommendations. Aerchain claims to have been trusted by over 50 global enterprise customers across more than 30 countries, managing $45 billion in spend, and has reduced procurement cycle times by over 50%. The company is supported by Veda Corp Advisors.

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Zinit raises $8 Mn in seed round led by AltaIR Capital

EntrackrEntrackr · 3m ago
Zinit raises $8 Mn in seed round led by AltaIR Capital
Medial

Zinit raises $8 Mn in seed round led by AltaIR Capital AI-driven procurement platform Zinit has raised $8 million in a seed round led by AltaIR Capital, valuing the company at $48 million. Early-stage investor DVC, known for backing Perplexity, also participated and will support Zinit’s AI roadmap. The proceeds will be used for product development and global expansion. As part of its worldwide push, Zinit has appointed Michel Boczko as Regional Director for Latin America and Stan Moskovtsev (ex-McKinsey) as CEO for the US. The firm has also appointed Naveenn Suri as Regional Director for India to drive enterprise adoption in the local market. Suri earlier led EY’s SAP Ariba practice and has over two decades of experience in procurement and supply-chain transformation. Zinit is targeting India as one of its fastest-growing markets as enterprises move to digital procurement. The platform claims to automate supplier discovery, RFP creation and multi-round negotiations for enterprises. It says procurement teams using Zinit can cut sourcing cycles by up to 40% and reduce costs by up to 30%. The brand said it already works with more than 100 enterprise clients, including Bacardi India, UFLEX Limited and United Colors of Benetton, and has built a network of over 100,000 suppliers. Zinit operates through a success-fee and SaaS-based pricing model and provides audit-ready trails for compliance.

AutoDukan raises $1 Mn in pre-Series A round

EntrackrEntrackr · 6m ago
AutoDukan raises $1 Mn in pre-Series A round
Medial

Snippets AutoDukan raises $1 Mn in pre-Series A round AutoDukan, an AI-driven automobile aftermarket platform, has raised $1 million in a pre-Series A round led by Choice Group and select HNIs. Existing investors MetroMax Group (India) and Ankit Sajnani also participated. The startup earlier raised a seed round from Rohit Goyal, Windrose Capital, and Raghu Venkatraman, followed by an angel round from MetroMax Group (USA) and Ankit Sajnani, which helped launch and expand its core platform. AutoDukan works in the auto aftermarket by digitising spare part procurement, insurance claim workflows, and multi-brand workshop enablement. Its AI-powered platform maps spare parts to vehicle models, predicts demand, and automates procurement, delivering speed and transparency to insurers, fleet operators, and workshops. The new funds will be used to scale operations across key automotive regions, enhance AI capabilities in demand prediction and claims automation, and deepen partnerships with insurers, fleet operators, and OEM suppliers. The company also plans to strengthen its team across AI, operations, and market development. AutoDukan reported 10× growth in the past two years, serving over 2,000 clients nationwide, mapping 2 million spare parts, and maintaining a live inventory of 200,000 parts updated daily. The firm competes with players like GoMechanic, Automovill, and OEM-backed service platforms.

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