Chennai-headquartered Beroe has announced a primary fund raise of $34 million (₹300 crore) from a consortium of investors, through a minority stake dilution. The funding round was led by investors, including Relativity Resilience Fund (Trust Group’s Private Equity platform), Mukul Agrawal, Ashish Kacholia, Lashit Sanghvi and Alchemy Long Term Ventures Fund. InCred Capital acted as the financial advisor to Beroe on this fund raise.
The capital infusion will be strategically deployed to enhance and expand the insights layer of Beroe’s procurement intelligence stack, both through product development and inorganic growth via acquisitions, strengthening its ability to empower global procurement managers.
“This funding will be instrumental in accelerating our product development and solidifying Beroe’s position as the decision workbench for procurement professionals worldwide,” said Vel Dhinagaravel, Founder and CEO of Beroe. Currently, Beroe serves more than 1,000 enterprise customers globally, including over 300 Fortune 500 companies.
“ProcureTech SaaS is one of most exciting spaces in enterprise technology, with AI-driven innovations helping global procurement teams drive value for their organisations,” said Vishesh Dalal, partner, Relativity Resilience Fund. Ashish Kacholia said that in today’s volatile global economy, procurement is a mission-critical function.
“Beroe has a history of challenging legacy approaches to market intelligence through cutting-edge technology, and its recent acquisitions and product innovation show a clear vision for the future of procurement. We are excited to help accelerate this momentum in building the next generation of AI-led tools,” said Mukul Agrawal.“The future of procurement isn’t about standalone tools but about connected ecosystems. Beroe’s interoperability across multiple platforms has put them at the forefront of this transformation,” said Lashit Sanghvi.
Published – September 26, 2025 12:49 am IST
