OneARVO: AI and Blockchain Startup Secures Rs 1.23 Crore

Deep-tech startup OneARVO has successfully raised Rs 1.23 crore in a pre-seed funding round led by Inflection Point Ventures. These new funds are intended for expanding the technology team, establishing an AI lab for datasets, and implementing go-to-market strategies, as stated in a press release by OneARVO.

Insights into OneARVO

Co-founded in 2023 by Sumit Goswami and Duke Banerjee, OneARVO operates at the intersection of AI and blockchain. This innovative startup is dedicated to helping global brands ensure product authenticity and combat counterfeiting through a patented system of tamper-proof, copy-proof labelling, which creates unalterable digital records throughout the supply chain.

Services Offered by OneARVO

Based in Delhi, the startup acts as a solutions provider for supply chain integrity, assisting brands in the protection, tracking, and authentication of their products. This is achieved by integrating AI, blockchain, and smart product identification technologies. OneARVO has introduced the industry’s first copy-proof code along with AI-based tamper-proof labels.

Recent Achievements

OneARVO reports that it has already generated revenue of $10,000 from two paying clients and has successfully delivered four proof-of-concept (POC) projects. In the next 12 to 18 months, the company aims to further develop its AI lab and product team, enhance ERP and printing integrations, and expedite enterprise deployments within pharmaceuticals, the automotive aftermarket, and industrial manufacturing sectors in both India and export markets.

Investment Background

Inflection Point Ventures (IPV) serves as an angel investing platform comprising over 24,000 CXOs, high net worth individuals, and professionals dedicated to supporting startups. IPV has recently initiated a $50 million Category II VC fund known as Physis Capital, intending to invest in pre-Series A to Series B growth-stage startups. The fund has already allocated capital to six startups, with additional deals in the pipeline.