Aurm Raises ₹42 Crore Series A to Modernize India's Bank Locker Ecosystem
Bengaluru-based Aurm has raised ₹42 crore in a Series A round led by Earth Fund and Sattva Ventures to digitize and expand premium smart locker infrastructure across Indian cities.
Key Facts
| Detail | Value |
|---|---|
| Deal size | ₹42 |
| Stage | Series A |
| Lead investor | Earth Fund |
| Headquarters | Bengaluru, India |
| Sector | Aurm |
| Coverage | Startup Funding |
Aurm, the Bengaluru-based smart locker startup co-founded by Vijay Arisetty, Prathap Chandana and Suraj HS, has raised ₹42 crore in Series A funding to modernize India's bank locker ecosystem.
Round Snapshot
What Aurm Is Building
Aurm operates premium smart-locker vaults inside residential communities, offering 24x7 access, biometric authentication and insured storage as a modern alternative to bank lockers.
Strategic Roadmap
Why It Matters
India's bank locker market remains highly under-served, with waitlists at most metro branches and limited access hours. Aurm's funding signals investor appetite for "physical infrastructure as a service" startups solving everyday consumer pain-points the legacy banking system has ignored.
Reported by Rohit Menon. Spotted an error in this story? Request a correction or email corrections@startupory.com. See our editorial policy.
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