Chennai-based Aaha stores raises $2 million from UAE’s Calega
Chennai-based Aahaa stores, an online office supplies platform has managed to raise $2 million (Rs 13.5 crore) from UAE-based global investment group Calega. Aahaa is a single source for all Indirect purchases including IT consumables, stationery, housekeeping, facility consumables, and corporate gifts.
According to sources, the office supplies is worth $20 billion industry. Many other startups like Zoffio, OfficeYes, offineeds, Kobster are working on similar lines as Aahaa stores. Aaha stores have clients including Wipro, TCS, Ashok Leyland, Michelin, Titan, Karur Vysya Bank and Cholamandalam Finance. Currently, they have their warehouses present in Chennai, Banglore, Gurugram, and Pune.
The Chennai based startup was founded in 2013 by Asokan Sattanathan along with Rajaraman Sundaresan and Harish Kannan. Previously, Aahan stores managed to raise $1 million from a group of investors led by YourNest Angel Fund.
With the new investment, the startup plans to expand its business across several other cities and include more independent service providers. They also intend to enhance their technology.
Asokan Sattanathan, chairman, Aaha stores, said in an official statement,“We plan to expand the full range of curated assortment of products across all major brands in stationery, printed materials, housekeeping, electronics & IT, food & beverage, packaging and company-specific consumables.”
Calega is an incubator accelerator for the Energy, Healthcare, Human Resource Intervention and Information Technology verticals of business. Aaha stores is their maiden investment in India.