A deep-tech OneARVO startup based in Delhi has raised ₹1.23 crore during a pre-seed round. The angel investing platform Inflection Point Ventures (IPV) led this strategic investment. The company has acquired new capital that is destined to be applied in various key growth areas, as per a press release by the company. These are the development of their technology department, the creation of an Artificial Intelligence (AI) laboratory to work with advanced datasets, and full go-to-market strategies.
The funding round is led by Inflection Point Ventures, a leading angel investing platform consisting of more than 24,000 CXOs, HNIs, and professionals. The IPV has increased its activities within the startup ecosystem through the opening of Physis Capital, a $50 million Category II Venture Capital fund that commits resources to startups in the pre-Series A to Series B growth phases. Although Physis Capital has already invested capital in 6 startups and has a high influx of future investments, the OneARVO investment illustrates that the company remains interested in fostering early-stage deep-tech projects.
The vision of OneARVO is focused on the international supply chain integrity through the integration of advanced technologies to safeguard brands against the increased risk of counterfeiting. It is a deep-tech solution provider that combines the power of Artificial Intelligence and blockchain to develop a multidimensional security system. Their main business consists of the implementation of a patented, copy-proof, and tamper-proof labeling system that produces immutable digital records in the product lifecycle. OneARVO also allows companies in industries such as pharmaceuticals, automotive parts, and industrial manufacturing to trace and verify their products with high accuracy, where the authenticity of the product should be guaranteed between its place of origin and the consumer.
OneARVO is a provider of supply chain integrity solutions, and its mission is to empower the global brands to achieve product authenticity. The company builds irreversible digital records throughout the supply chain by using a patented, copy-proof, and tamper-proof labeling system. This multidimensional strategy enables brands to safeguard, monitor, and verify their products, which is an effective way of fighting the increasing menace of counterfeiting using intelligent product recognition systems.
OneARVO already started proving its marketability and technical abilities. The startup has introduced the first tamper-proof labels and copy-proof codes in the industry, which are AI-based. Thus far, the business boasts of having earned $10,000 in revenues through the two paying customers and has already been able to deliver four proof-of-concept works.
In the next 12-18 months, OneARVO has a strong desire to expand its operations. This roadmap will involve further integrations with Enterprise Resource Planning (ERP) systems and printing operations, increased speed in deploying enterprises in various industries like pharmaceuticals, automotive aftermarket businesses, and manufacturing industries in Indian and export markets.
The pre-seed round raised by OneARVO is a milestone in the process of transforming the concept of supply chain security. The startup is integrating transparency of blockchain and the smartness of AI, which makes it one of the indispensable partners of brands aiming to ensure product integrity. As it has a well-defined strategy of growing its AI lab and product staff, OneARVO is clearly positioned to move its recent early successes to large-scale enterprise usability in high-stakes sectors across the world.