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…

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