Chennai based Startup Raises $2mn From Calega
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 f...