B'luru-based AI procurement startup Aerchain raises ₹121 crore

Bengaluru-based AI enterprise procurement platform Aerchain raised $13 million (nearly ₹121 crore) in a round led by Pavestone VC, with participation from IndiaMART and others. Its platform automates tasks like intake management, policy enforcement, approval workflows and deploys AI agents for complex tasks. "We're building procurement agents that run 24/7," Aerchain CEO Harsha Kadimisetty said.