Procurement is finally getting a tech upgrade.

Aerchain has raised $13M (~₹118 Cr) in a Series A round led by Pavestone VC , with participation from IndiaMART.

Founded by Harsha Kadimisetty and Himavanth Jasti, the startup is building an enterprise procurement platform to automate sourcing and supplier management.

The funds will be used to expand globally and enhance its procurement technology platform.

Key highlights:

• Focus on procurement automation for enterprises
• Helps businesses optimize sourcing and reduce costs

Why this matters:

Procurement is a massive but overlooked function now being transformed by AI and automation.

:

Can AI-driven procurement replace traditional sourcing processes?