Aerchain, an AI tech startup zeroed in on the acquirement fragment, has raised $3 million in its pre-Series A round co-drove by IndiaMart and Season Two Ventures.

According to the Bengaluru-based startup, the new capital will be utilized for item improvement, market expansion and hiring new talent.

Driven by Harsha Kadimisetty and Himavanth Jasti, Aerochain automates the whole chain of acquirement which includes fragments like financing and accounting, sourcing engine, coordinations, purchase orders, request management.

The startup claims to generate an income of around half 1,000,000 dollars in ARR and says it is EBITDA and cash stream positive. The firm accepts its platform can be utilized in different sectors like pharmaceutical, manufacturing, food and beverages to name a couple with the target being the venture customers.

Being a part of the accelerator program by Lumis Partners, JioGenNext and AblnBev, Aerchain has customers from portions like beverage, real estate and automotive.