Funding · Professional & Local Services

Aurm raises ₹42 Cr from Earth Fund and Sattva Ventures

What they do

Aurm provides automated safe deposit lockers for gated communities and corporate campuses

The company raised ₹42 Cr in a Series A round led by Earth Fund and Sattva Ventures

It claims lower setup costs than traditional bank lockers and targets affluent urban users

Aurm has raised ₹42 Cr ($4.4 Mn) in funding to expand its operations.
The round was led by Earth Fund and Sattva Ventures with multiple angel investors participating.
Articles conflict on whether this is a Series A or Seed stage investment.
The funds will be used to scale the network of automated locker facilities across urban centers.
Aurm aims to deepen automation and expand its presence in residential complexes and corporate campuses.
The company currently reports engagement with over 1,000 potential customers.
Multiple real estate developers are already in early deployment stages with Aurm's technology.
This funding highlights growing investor interest in alternative secure storage solutions beyond banks.

Less than 20% of Indian bank branches offer low-revenue locker facilities.
Traditional bank lockers often have limited availability and higher setup costs for providers.
Aurm addresses a gap in accessible secure storage for affluent urban populations.
The startup leverages existing infrastructure like gated communities to reduce operational overhead.

Aurm installs automated safe deposit lockers integrated into gated communities and corporate campuses.
Facilities typically house up to 300 lockers within approximately 300 sq. ft. spaces.
The system uses multi-factor authentication, CCTV, motion detection, and vibration sensors for security.
Temperature-based intrusion detection and active surveillance ensure continuous monitoring of stored items.
Customers enjoy 24/7 availability through the automated access control systems.
Aurm claims its model offers 25% lower setup costs compared to traditional bank lockers.
Target customers include affluent urban users, high-net-worth individuals (HNIs), and residential complexes.
The company partners with banks and real estate developers to deploy these facilities.
Revenue likely comes from locker rentals and integration fees with partner institutions.

Earth Fund (lead) — Anchored by Brigade Group and Gruhas.
Sattva Ventures (lead) — Venture capital firm focused on sustainable and impact-driven businesses.

Product: locker infrastructure startup
Customers: Residents in gated communities, corporate employees, and banks seeking to expand locker services
How it makes money: B2B partnerships with banks and real estate developers for infrastructure placement
What sets it apart: Vault-at-your-doorstep model with 24/7 accessibility, multi-factor authentication, and intrusion-proof surveillance