Angel Investments
Deep-tech platform to combat counterfeiting OneARVO raises Rs.1.23 Cr from IPV
Delhi-based deep-tech platform for authenticity and traceability OneARVO has raised INR 1.23 crore in a pre-seed funding round led by Inflection Point Ventures (IPV).Co-founded in 2023 by Sumit Goswami and Duke Banerjee, OneARVO combines artificial intelligence (AI) and blockchain technology to provide supply chain integrity solutions and product authenticity . It claims to provide a solution that tracks every step of a product's journey from source to shelf, enabling product authenticity by creating unique, tamper-proof labels with AI-generated digital footprints and tokenising them on the blockchain .The new funds will be used for technology team augmentation, building an AI lab for datasets, and go-to-market implementation. The company also plans to expand its AI lab and product team, deepen ERP and printing integrations, and accelerate enterprise deployments across pharmaceuticals, the automotive aftermarket, and industrial manufacturing sectors in India and export markets over the next 12-18 months.
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