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India
Earlier this month, OSM had raised an equal amount from Securocorp Securities, others.
Ecosystem Integrity Fund and Blume Ventures also backed Battery Smart.
The company plans to use the funding to push into new product categories.
The investment marks Ayati’s first institutional funding.
The fresh capital will fund fulfillment expansion and investment in AI-led discovery tools.
The funds will support expansion and entry into new markets.
The investment will help the company expand its regional footprint.
The funding also saw participation from Japan’s Persol Venture Partners and existing investor Capria Ventures.
The company’s total funding to date stands at $7.5 million.
