The Bengaluru-based bank locker infrastructure startup has raised ₹42 crore in a Series A funding round co-led by Earth Fund and Sattva Ventures, along with participation from angel investors. The company had earlier secured $10.3 million in the same round from Prime Venture Partners and Magnifiq Capital Trust.
Co-founded in 2023 by Vijay Arisetty, Suraj HS, Pratap Chandana, and Ganesh Balakrishnan, Aurm provides fully automated, high-security private safety deposit lockers for residential gated communities and corporate clusters — giving residents and employees on-demand access to professional-grade secure storage within their own buildings.
The product is more ambitious than it sounds. Aurm’s strong rooms feature 24/7 accessibility, multi-factor authentication, and active intrusion-proof surveillance, all wrapped in what the company calls a premium “dressing room” experience when customers access their valuables. The tech layer — not just the physical safe — is the real product.
The backer composition carries a strategic signal. Earth Fund is a venture platform focused on PropTech and climate-forward real estate innovation, anchored by Brigade Group and Gruhas, which means Aurm gets direct access to developer networks and deployment pipelines through the very companies building the gated communities where its lockers would sit. Distribution is baked into the cap table.
Fresh capital will be deployed to scale tech-enabled vaulting solutions and secure storage through automation and enhanced accessibility across more residential and corporate communities.
India’s urban middle class is accumulating more assets and increasingly questioning the reliability of traditional bank storage channels. The vault-at-your-doorstep model has a structural tailwind that is only getting stronger — and with PropTech-native investors now on board, Aurm has the right rails to scale it.
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