Funding · Enterprise Software & IT
Aerchain raises $13 million to scale AI-native procurement platform
By Startup Enthusiast ·
- Date
- Company
- Aerchain
- What it does
- AI-powered enterprise procurement platform
- Kind
- Funding
- Amount
- $13M (₹118 Cr)
- Stage
- Series A
- Founded
- 2021
- Sector
- Enterprise Software & IT
What they do
Aerchain, an AI-powered enterprise procurement platform, raised $13 million in a Series A round led by Pavestone VC with participation from IndiaMART
What happened
The platform automates procurement workflows using AI agents, reducing task completion times from days to hours and enabling procurement teams to focus on…
Why it matters
Aerchain serves over 50 global enterprise customers across 30 countries and manages $45 billion in procurement spend
The details
- Aerchain raised $13 million in a Series A funding round led by Pavestone VC with participation from IndiaMART and other investors.
- Aerchain is an AI-powered enterprise procurement platform that automates workflows such as vendor discovery, negotiations, purchasing, and payments using AI agents.
- Aerchain claims to reduce procurement task completion times from days to hours by automating 80% of operational tasks.
- Aerchain uses a multi-agent AI architecture that handles routine tasks autonomously and surfaces only critical decisions for human input.
- Aerchain serves over 50 global enterprise customers across 30 countries and manages $45 billion in procurement spend.
- Aerchain plans to use the fresh capital to enhance its AI capabilities and expand globally.
The bigger picture
- Enterprise procurement is a reactive cost centre in many companies, with teams relying on emails, spreadsheets, and workarounds around ERP systems.
- Aerchain's platform is designed to transform procurement into a strategic function by using AI agents to handle routine tasks and provide actionable insights.
- The AI-driven orchestration layer of Aerchain's platform continuously analyzes spend patterns and external market data to identify cost-saving opportunities and vendor consolidation strategies.
- The agentic AI approach is gaining traction in enterprise software, with more than 60% of enterprises exploring AI agents and less than a quarter having scaled them into production workflows.
About the business
- Aerchain is an enterprise software company that provides AI-powered procurement solutions to help enterprises manage vendor discovery, negotiations, purchasing, and payments.
- The platform automates 80% of operational procurement tasks, including intake routing, policy enforcement, approval workflows, and vendor sourcing.
- Aerchain's platform includes a spend intelligence module that analyzes internal spending patterns and external market signals such as commodity prices and contract timelines.
- The platform is designed to reduce procurement cycle times by over 50% and help procurement teams focus on strategic decision-making.
- Aerchain currently serves over 50 global enterprise customers across 30 countries and manages $45 billion in procurement spend.
What happens next
- Aerchain plans to use the fresh capital to enhance its AI capabilities and expand globally.
- The company aims to transform procurement into a strategic function by using AI agents to handle routine tasks and provide actionable insights.
The deal
- Type
- funding
Investors
- Pavestone VC (lead) — A venture capital firm that sees Aerchain as a platform re-architecting enterprise procurement using an AI-first approach.
- IndiaMART (participated) — A B2B marketplace that participated in the funding round.
Founders
- Harsha Kadimisetty, CEO
- Himavanth Jasti, CTO
About Aerchain
- Product
- Spend Operating System providing conversational intake, vendor management, RFQ automation, autonomous negotiation and contract management
- Customers
- Enterprise procurement teams seeking to optimize procurement spend and reduce operational workload
- How it makes money
- Enterprise SaaS platform with AI agent services
- What sets it apart
- Multi-agent AI architecture that operates 24/7 to find savings and execute opportunities proactively
Other articles talking about it
More on Aerchain
Same day
- Indian social media leaders named most influential18 March 2026 · Award
- Udaan to reverse flip to India for IPO18 March 2026 · IPO
- Vavo Digital saves brands ₹200M in ad spends with 2X ROI18 March 2026 · Award
- L'Oreal in talks to acquire majority stake in Innovist18 March 2026 · Acquisition · $350M-$450M
- Promoters buy shares in IndiQube18 March 2026 · Stake sale
- Vavo Digital expands to Dubai, founder profiled18 March 2026 · Launch