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. The company works on single-year as well as multi-year contracts with its partners and provides products such as stationery, housekeeping supplies, cafeteria supplies and IT consumables. "We also provide analytics to companies to monitor the usage of certain supplies and optimise this across branches," said Rajaraman Sundaresan, co-founder of Aahaa.
Source: ET Bureau.