Infosys invests in AI enterprise procurement startup Aerchain
Infosys has invested an undisclosed amount in Bengaluru-based AI procurement startup Aerchain through its Infosys Innovation Fund. Founded in 2019, Aerchain offers an AI-powered procurement platform for enterprises. The investment follows its $13 million funding round in March.
Infosys, a leading global IT services company, has made a strategic investment in Bengaluru-based AI enterprise procurement startup Aerchain through its corporate venture fund, Infosys Innovation Fund. The undisclosed investment aims to support Aerchain's mission to revolutionize procurement processes using artificial intelligence.
Founded in 2019 by Harsha Kadimisetty and Himavanth Jasti, Aerchain has developed an AI-powered platform designed to streamline sourcing and procurement operations for enterprises. The platform utilizes a multi-AI agent framework and autonomous workflows to transform the way organizations handle procurement activities.
Aerchain's innovative approach gained significant traction in March this year when it secured $13 million (approximately Rs 118 crore) in funding from Pavestone VC, led by a group of prominent investors. Prior to this round, Aerchain had raised $3 million in a pre-Series A funding round in September 2021, co-led by IndiaMART and Season Two Ventures.
Shyam Mundhada, head of corporate development (M&A/start-up fund) at Infosys, expressed enthusiasm about Aerchain's potential in a LinkedIn post, highlighting how the platform enables organizations to achieve seamless, data-driven, and future-ready sourcing, ultimately leading to enhanced procurement excellence.
Established in 2013, Infosys Innovation Fund has consistently allocated capital, reaching $500 million in 2015. The fund focuses on early-stage investments, typically targeting late Series-A or Series B ventures. Over the past month, the fund has actively participated in at least three other investment deals, including investments in US-based agentic AI startup NinjaTech AI, Switzerland-based TechBio company Indivi, and venture capital fund Team8.
The Infosys Innovation Fund's portfolio currently includes a diverse range of technology startups, such as GalaxEye, Yali Capital, Trifacta, ideaForge, TidalScale, AirvizSpeck, Whoop, Stellaris Venture Partners, and the US-based early-stage fund The House Fund.
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