Aurm: Transforming Bank Locker Infrastructure with Rs 42 Crore in Funding

Bank locker infrastructure startup Aurm has successfully raised Rs 42 crore in a Series A funding round, which was co-led by Earth Fund and Sattva Ventures, with additional participation from several angel investors. The startup, based in Bengaluru, had previously secured $10.3 million in this funding round from Prime Venture Partners and Magnifiq Capital Trust. Aurm plans to use the funds to enhance tech-enabled vaulting solutions and improve secure storage through automation and increased accessibility.

About Aurm and Its Unique Offerings

Founded in 2023 by Vijay Arisetty, Suraj HS, Pratap Chandana, and Ganesh Balakrishnan, Aurm delivers fully automated, high-security private safety deposit lockers tailored for residential gated communities and corporate clusters. The innovative technology allows residents and employees on-demand access to premium secure storage right within their surroundings.

Revolutionising Safety Deposit Lockers

Aurm offers a “vault-at-your-doorstep” model, integrating military-grade, fully automated safe deposit lockers directly into gated communities, corporate campuses, and bank branches. This approach addresses the critical shortage of traditional bank lockers. According to Aurm, their state-of-the-art secure rooms provide 24/7 accessibility, multi-factor authentication, and active intrusion-proof surveillance, all while delivering a luxurious experience akin to a dressing room.

The Role of Earth Fund

Earth Fund is a venture platform that concentrates on PropTech and innovative, climate-conscious real estate solutions. Backed by Brigade Group and Gruhas, Earth Fund’s Capital++ model offers portfolio companies direct access to developer networks, industry knowledge, and opportunities for real-world implementation.