Aahaa.in secures Rs. 6.7 cr from YourNest Angel fund.
Aahaa.in, an online platform for sourcing consumables for businesses, has raised about Rs 6.7 crore ($1 million) in pre-Series A round from YourNest Angel fund and a consortium of investors.The platform, which has been live for 16 months, currently works with Ashok Leyland, Wipro and other stores in Chennai and will utilise the capital for expansion to other cities. "The indirect purchases make up 6-15% of a company's expenses depending on the industry and the size of the organisation. By bringing this to a common platform, we help the companies consolidate their orders and provide end-to-end fulfilment," said Asokan Sattanathan, co-founder of Aahaa and former executive director of supply chain at Bharti Airtel Ltd.
Source: ET Bureau.