Chennai: Beroe, the global leader in procurement decision intelligence, has announced the successful completion of a $34 million primary fundraising round.
The investment was raised through a minority stake dilution, led by Relativity Resilience Fund (Trust Group’s private equity platform), along with investors Mukul Agrawal, Ashish Kacholia, Lashit Sanghvi, and Alchemy Long Term Ventures Fund.
Beroe to Accelerate Product Development and Acquisitions
The fresh capital will be strategically deployed to advance the company’s procurement intelligence stack by strengthening its insights layer.
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The company plans to accelerate product development and pursue inorganic growth through acquisitions, reinforcing its ability to deliver actionable intelligence for global procurement managers.
The company currently provides intelligence-driven solutions and measurable outcomes to more than 1,000 enterprise customers worldwide, including over 300 Fortune 500 companies.
In 2025, the company expanded its portfolio with two significant acquisitions – Forestreet, a leading supplier and innovation scouting solutions provider in September, and nnamu, the first game-theory-enabled autonomous negotiation platform in March.
“We are thrilled to welcome a distinguished group of investors who share our vision of transforming the procurement landscape,” said Vel Dhinagaravel, Founder & CEO of Beroe. “This funding will accelerate our product development and solidify Beroe’s position as the decision workbench for procurement professionals worldwide.”
Ramprasad Mathrubutham, Co-head of Investment Banking at InCred Capital, which acted as exclusive financial advisor to the company, said: “Beroe has built a differentiated and scalable procurement intelligence ecosystem. The successful $34 million raise, backed by marquee investors, validates its vision and execution.”
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Investor remarks further highlighted the company’s pivotal role in shaping the ProcureTech SaaS space:
- Vishesh Dalal, Partner at Relativity Resilience Fund, emphasized Beroe’s leadership in AI-driven procurement innovation.
- Ashish Kacholia noted that Beroe’s intelligence-driven platform enables enterprises to anticipate change in today’s volatile global economy.
- Mukul Agrawal said Beroe continues to challenge legacy models with cutting-edge technology and recent acquisitions.
- Lashit Sanghvi highlighted that Beroe’s focus on interoperability positions it at the forefront of connected procurement ecosystems.
Strategic Position in Global Procurement
With a history of leveraging advanced analytics and acquisitions to innovate procurement solutions, Beroe is positioned to lead the next generation of AI-led procurement tools.
The company’s commitment to product innovation and connected ecosystems continues to strengthen its global presence as procurement becomes a mission-critical function in an evolving economic landscape.
