Adya.ai, a digital commerce and technology solution provider, raises Rs 10.5Cr in a pre-Series A round

Adya.ai, a digital commerce and technology solution provider, has raised Rs 10.5 crore in its pre-series A funding round. The round was led by Indian Angel Network’s investors Uday Chatterjee, Romesh Sobti, Sri Prakash, and Hari Balasubramanian.

Out of the entire money, Rs 3.75 crore has been raised by the Indian Angel Network (IAN).

Enhancing offerings and strengthening market presence 

Founded in May 2023 by Shayak Mazumder, CEO and CTO, Archana Mazumder, COO, and Angad Singh Ahluwalia, CBO. According to the startup, the raised capital will be used to enhance its solutions, strengthen its market presence, and accelerate the development of groundbreaking AI technologies. 

Partnership with ONDC

As the main tech partner for ONDC, Adya.ai is leading a big project in important areas like shopping, transportation, food and drinks, delivery, loans, insurance, and money matters. The company aims to create a digital network that connects everyone and changes the way business is done in India.

Adya.ai’s Founder, Shayak Mazumder, commented: “ONDC stands as a testament to India&'s digital prowess, following the impactful implementation of the Unified Payments Interface (UPI) and Aadhaar. We at Adya.ai are thrilled to harness our technological expertise to contribute to this transformative force, fostering a digital ecosystem that is not only inclusive but truly transformative for India's economy."

Adya.ai claims that its technology marketplace has facilitated over 10 large enterprise contracts, including collaborations with Canara Bank, Aditya Birla Financial Limited, Hindustan Unilever, and others. 

Padmaja Ruparel, Co-Founder at IAN, said “Adya.ai has demonstrated exceptional capabilities in the field of artificial intelligence. We are impressed with their vision, leadership, and the impact their solutions are making. IAN is proud to lead this funding round, and we look forward to supporting Adya.ai on their journey towards greater success."

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