Company Name : Aahaa
Funding Amount : $1 million
Investor(s) YourNest Angel
Funding Round : Pre-Series A
Chennai based Aahaa has raised $1 million in pre-Series A round led by YourNest Angel fund and other investors.
Aahaa is an online platform for sourcing consumables for businesses. The fresh infusion of funds will fuel aahaa’s market expansion, help enhance its technology and infrastructure and attract talent.
The platform was launched in 2013 and helps its clients to consolidate their orders and provide end-to-end fulfillment. The company has over 50 customers across manufacturing, technology and banking verticals including Wipro, TCS, Ashok Leyland, Michelin, Titan, Karur Vysya Bank and Cholamandalam Finance. The company boasts of a 95% reduction in the lifecycle of ‘indirect’ material purchases of a company.
Sunil Goyal, Founder & CEO of YourNest, said, “The emergence of the office supplies or ‘indirect’ spend management space is witnessing a lot of action now. In a short time, aahaa has managed to get the attention of large companies who operate out of several locations within the country. We have learnt that it is not only the CFOs and heads of procurement who love aahaa, but also the buyers down the line, as they see an incredible value in their offering.”