Logistics tech startup Aksum raises $1-M led by IPV

Delhi-based Aksum, a B2B SCaaS (Supply Chain as a Service) platform, has raised USD 1 million in a mix of equity and debt in its seed round led by Inflection Point Ventures. The funds will be used to enhance and reinforce the technology framework of the company and also expand its reach to new geographic locations. Aksum Trademart offers a range of services that help businesses streamline their supply chain operations. These services include procurement automation, which enables companies to automate their purchasing process, thereby saving time and reducing errors.