In a significant move for India’s digital transformation, Adya.ai, a leading digital commerce and technology solution provider, has successfully secured INR 10.5 crores in its pre-series A funding round. This funding, led by Indian Angel Network (IAN) investors including Uday Chatterjee and Romesh Sobti, positions Adya.ai as a catalyst for reshaping the country’s digital ecosystem.
Founded in May 2023 by Shayak Mazumder, Archana Mazumder, and Angad Singh Ahluwalia, Adya.ai stands at the forefront of India’s technological evolution. The startup focuses on innovative solutions, acting as the Technology Service Partner for the Open Network for Digital Commerce (ONDC). Adya.ai envisions a connected and inclusive digital ecosystem, redefining commerce in India.
Investors and Founders Unite
Adya.ai’s pre-series A funding round saw notable participation from Indian Angel Network’s Uday Chatterjee, Romesh Sobti, Sri Prakash, and Hari Balasubramanian, among others. These investors, along with strategic backers, underscore industry confidence in Adya.ai’s trajectory.
The Driving Force behind Visionary Leadership
Shayak Mazumder, CEO and CTO, Archana Mazumder, COO, and Angad Singh Ahluwalia, CBO, lead Adya.ai’s charge. Their diverse expertise and visionary leadership have propelled the company’s mission to reshape India’s digital landscape.
Utilizing Capital for Innovation
The INR 10.5 crores funding infusion will empower Adya.ai to enhance its innovative solutions, strengthen market presence, and accelerate the development of groundbreaking AI technologies. The company’s focus extends beyond being a startup, it aims to contribute significantly to India’s digital transformation.
ONDC Implementation and Enterprise Collaborations
As the Technology Service Partner for ONDC, Adya.ai plays a crucial role in implementing the protocol across key sectors like retail, mobility, F&B, logistics, credit, insurance, and finance. The startup’s technology marketplace has facilitated collaborations with major enterprises, including Canara Bank, Aditya Birla Financial Limited, and Hindustan Unilever.
Padmaja Ruparel, Co-Founder at IAN, expressed admiration for Adya.ai’s capabilities in artificial intelligence and its impactful solutions. Uday Chatterjee, Angel Investor & Business Leader, highlighted Adya.ai’s pioneering work with ONDC and its potential for explosive growth in the evolving digital landscape.
Adya.ai‘s latest funding round reflects its commitment to harnessing technological expertise for India’s digital evolution. As it onboards public and private sector entities, the startup is poised to energize India’s digital story and contribute to the nation’s economic transformation.
Q1: What is ONDC, and why is Adya.ai involved?
ONDC, or the Open Network for Digital Commerce, is a master protocol driving digital commerce in India. Adya.ai acts as its Technology Service Partner, implementing the protocol across crucial sectors.
Q2: How will Adya.ai utilize the funding?
The INR 10.5 crores funding will be directed towards product development, enhancing innovative solutions, and accelerating the development of AI technologies.
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