Aahaa Stores raises $2mn towards tech upgrade

Online office supplies platform Aahaa Stores announced fresh equity infusion of USD 2 million, led by global investment group, Calega.

The company plans to utilise the fresh investments to upgrade their technology, expand business across new verticals and geographies, enrich infrastructure by inducting more independent service providers and mobilise superior talent.

The Chennai-based startup helps businesses save on indirect purchases spend by managing their supply chain, bringing collective bargaining benefits and streamlining the vendor network.

Before this round the company raised capital funds twice, worth one million dollars each, from a group of investors led by YourNest

"We are well on course to achieve the first milestone of Rs. 100 million per month sales. Using these funds, we plan to expand the full range of curated assortment of products across all major brands in stationery, printed materials, housekeeping, electronics and it, food and beverage, packaging and company specific consumables," said Asokan Sattanathan, Founder and Chairman, Aahaa Stores.

Aahaa's proprietary iPOS platform is designed to integrate all steps of evolved supply chain processes like demand aggregation, online approvals, e-Catalogue, recommendation engine, micro logistics through auto-assignments, real-time analytics and spend control tools.