Funding · Enterprise Software & IT
Kraya raises $113,000 in seed funding
By Startup Enthusiast ·
- Date
- Company
- Kraya
- What it does
- Procurement automation and audit platform
- Kind
- Funding
- Amount
- $113,000
- Stage
- seed
- Sector
- Enterprise Software & IT
What they do
Kraya automates procurement, audit intelligence, and connects verified vendors
What happened
It raised more than $113,000 in seed funding from family offices, including Haldiram's group
Why it matters
The company plans to use the funds for product development and expanding its vendor network
The details
- Kraya was founded by CA Pratik Loya and Dr. Swar Gattani.
- The company provides procurement automation, audit intelligence, and a verified vendor network.
- It addresses problems like limited transparency, vendor selection by familiarity, manual errors, duplicate payments, PO-invoice mismatches, and revenue leakage.
- The name Kraya is Sanskrit for 'to buy', chosen by Swar Gattani to reflect Indian identity.
- Kraya validated the problem by conducting manual procurement audits before building the product.
- The company built a network of more than 1,000 verified vendors.
- Haldiram Group agreed to support and work with Kraya; implementation is ongoing.
- Kraya raised more than $113,000 in seed funding from family offices, including early backing from Haldiram's group.
The bigger picture
- The funding will be used for product and tech development, enterprise testing, customer onboarding, product refinement, and vendor network building.
- Kraya is raising a larger round to expand technology, customer base, and market presence.
- The long-term vision is to cover the entire supply chain — goods, services, information, and money flow.
About the business
- Kraya provides procurement automation, audit intelligence, and a verified vendor network.
- It addresses problems like limited transparency, vendor selection by familiarity, manual errors, duplicate payments, PO-invoice mismatches, and revenue leakage.
- The company built a network of more than 1,000 verified vendors.
- Kraya initially funded through founders' personal savings.
- The name Kraya is Sanskrit for 'to buy', chosen by Swar Gattani to reflect Indian identity.
What happens next
- Kraya is raising a larger round to expand technology, customer base, and market presence.
- Funding directed to product/tech development, enterprise testing, customer onboarding, product refinement, and vendor network building.
- Long-term vision: Kraya to cover entire supply chain — goods, services, information, money flow.
The deal
- Type
- seed
Investors
- family offices (participated) — Family offices provided seed funding.
- Haldiram's group (participated) — Haldiram Group agreed to support and work with Kraya; implementation ongoing.
Founders
- Pratik Loya, Founder
- Swar Gattani, Co-founder
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