Arteria Technologies, a Bengaluru-based company that offers supply chain software and embedded finance solutions, has raised ₹100 crore in Series B funding round from ICICI Venture.
The funds raised through both primary and secondary investments will be used to grow into new markets, hire more talent and boost its AI-driven product development. The investment will scale its operations and invest further in artificial intelligence-led product development.
Founded in 2010 by Sriram Kanuri and Parag Sushilkumar Jain, Arteria provides digital tools to help companies manage their supply chains more efficiently, from suppliers to end customers. It also offers built-in financing options to improve cash flow for suppliers and distributors.
The company serves over 100 large businesses in sectors like FMCG, automotive, building materials and manufacturing.
Sriram Kanuri, Chief Executive Officer of Arteria, said, “This funding will play a key role in growing our team, entering new markets, and investing in AI-led product innovation. We are committed to using data intelligence to improve supply chain visibility for our enterprise clients and unlock easy, tech-enabled financing for supply chain partners.”
Sharad Malpani, Director at ICICI Venture and co-head of IVen Amplifi Fund, which led the round, said, “Arteria’s fast-growing, profitable path as a software products SaaS company stands out in the Indian IT market. Its tech-focused, data-driven approach to digitising supply chains, combined with Arteria’s ability to integrate financing solutions from third parties seamlessly, offers a strong value proposition for many companies in India, especially in the MSME sector.”
