Chennai-based Aahaa Stores, an online office supplies platform, has raised about $1 million in second round of pre-series A funding from investor group led by YourNest Angel Fund, an early stage investor.

The company had raised first round funding of equal amount around eighteen months ago. The company claims to have grown multifold since then in terms of Product portfolio, customer base, geographical presence and sales turnover, according to a company statement.

The company plans to utilize the funds for expanding the business across new verticals and geographies. Aahaa Stores also announced its intent to realize their long-term vision by strengthening its technology platform iPOS, mobilizing top talent and reaching out to new customers across verticals via the funds received.

Asokan Sattanathan, Founder and Chairman, Aahaa Stores, said “With our unique solution providing capabilities in the indirect office supplies space, we are well-poised to reach Rs 100 crores run rate and attain breakeven volumes by the end of this financial year. Within a short span of time, we have been able to create a niche platform for online office supplies segment which reiterates our confidence that we will soon emerge as a leader in the online office supplies space.”

Sunil K Goyal, Managing Director and Fund Manager, Yournest, said “Aahaa stores has won the trust of the finest enterprise customers in segments including BFSI, Manufacturing and IT, in a short period of time. Winning customer confidence in this competitive market opens further doors for immense growth in meeting the needs of intelligent procurement. aahaa team has the leadership depth and the domain knowledge to excel and grow as a B2B market place."

Launched in 2013, Aahaa has hugely benefitted the BFSI and IT sectors by managing their daily need of essential indirect supplies efficiently and effectively at 4000+ branches across the country. Aahaa has helped many corporates of repute rejig their brand through mobilizing rich and attractive merchandise in their Brand Stores and taking end to end responsibility from sourcing to last mile delivery. Aahaa is immensely popular for streamlining purchase to pay processes in the otherwise competitive manufacturing sector when it comes to tail spends.