AHMEDABAD/RAJKOT: Two tech startups from Gujarat recently closed major funding rounds from venture capital firms. Aavenir, a procurement automation startup which is headquartered jointly in Ahmedabad and Texas, raised $6 million (Rs 45.7 crore approximately) in its recently concluded series A round of funding.
Jesal Mehta, founder and CEO, Aavenir, said, “We have raised funds as part of the recently concluded series A round from Accel, an American venture capital firm. We are looking at increasing our sales, expanding our sales team and expanding our product footprint in India. With this fund, we are looking at expanding our product portfolio by adding on vendor management offerings. These products basically enable companies to form a vendor portal, and automate onboarding of vendors and the transactions associated with these vendors.”
