Enterprise procurement solutions firm Aerchain raises $13-M

Bengaluru-based Aerchain has raised USD 13 million (about INR 118 Cr) in a Series A round led by Pavestone Capital, with participation from IndiaMART and other investors.Founded in 2019 by Harsha Kadimisetty and Himavanth Jasti, Aerchain provides enterprise procurement solutions through its "Spend Operating System" platform. The platform automates operational procurement tasks to enable professionals to focus on strategy, compliance, and cost savings.The company plans to use the new funds to enhance the AI capabilities of its platform and for global expansion.