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Funding · Enterprise Software & IT

Kraya raises $113,000 in seed funding

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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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