Digital commerce and technology solutions provider Adya.ai raised Rs 10.5 Cr Pre-Series A funding
In its pre-Series A funding round, digital commerce and technology solutions provider Adya.ai raised Rs 10.5 crore, with investors from Angel Network including Uday Chatterjee, Romesh Sobti, Sri Prakash, and Hari Balasubramanian leading the charge. Other strategic investors also contributed to this tranche, with Indian Angel Network (IAN) contributing Rs 3.75 crore.
According to a press release from Adya.ai, the company intends to use the funds to improve its creative solutions, bolster its market position, and quicken the advancement of AI technologies.
Angad Singh Ahluwalia, Shayak Mazumdar, and Archana Mazumdar co-founded Adya.ai in 2023 as a SaaS-based solution for ransomware protection and data security. Big data and machine learning are allegedly used in the solution to locate a company’s most sensitive data, shield it from excessive exposure, and notify management in the event that it is stolen or misused.
The Bengaluru-based company claims that their solution also gives businesses access to a dashboard where they can click on a user to see the files and folders that any customer has access to. Adya.ai, the ONDC’s technology service partner, enables important industries like retail, transportation, F&B, logistics, credit, insurance, and finance.
With an emphasis on industries like CPG, financial services, retail, and mobility, Adya.ai claims that its technology marketplace has enabled over ten significant enterprise contracts, including partnerships with Canara Bank, Aditya Birla Financial Limited, Hindustan Unilever, and others.
IAN Fund I, BioAngels, and IAN Angel Group comprise the IAN Group, a platform for seed and early-stage investments. The sector-agnostic fund has supported creative startups in India and seven other countries, spanning 19 different sectors.
