Online office supplies platform Aahaa Stores raised USD 1 M for pre-Series A
Aahaa Stores
Founders: Asokan Sattanathan, Rajaraman Sundaresan, and Harish Kannan
Founded in: 2013
Financing status: USD 1 million for pre-Series A round in 2017
Chennai-based online B2B office supplies platform, Aahaa Stores, raised USD 1 million for its second pre-Series A funding round led by YourNest Angel Fund.
Aahaa Stores was founded in 2013 by Asokan Sattanathan, Rajaraman Sundaresan, and Harish Kannan. Sattanathan was the executive at Bharti Airtel and TATA AutoComp. Sundaresan and Kannan were both executives who worked at Royal Images Catalogue company, a main mail order catalog retailer in India.
Aahaa Stores is an online marketplace for office supplies. It provides products including stationery, pre-printed, facility management items, IT products, corporate gifts, and more. The startup claims to have more than 100 top Indian companies cumulatively purchasing over 10,000 products from them. It claims to bring their clients savings of 15% or more and offers on-time delivery across India.
The startup will use the funds to strengthen its technology platform, iPOS, recruit talent, and develop new customers.
In March 2016, Yournest Fund invested USD 1 M in Aahaa Stores for its first pre-Series A round.
Other players in this area in India include ProcMart, DealBerg.
(Top photo from Aahaa Stores twitter)
