Sattva Ventures and Earth Fund Invest ₹42 Crore in Aurm's Series A Round for In-Community Smart Vault Expansion
Sattva Ventures Co-Leads ₹42 Crore Series A Investment in Aurm
Earth Fund and Sattva Ventures have announced a ₹42 crore Series A investment in Bengaluru-based startup Aurm, which is developing technology-driven bank locker and secure vault infrastructure for residential communities, corporate campuses and financial institutions. The funding round also saw participation from several angel investors.
The Aurm Model
Founded in 2023 by Vijay Arisetty, Suraj HS, Pratap Chandana, and Ganesh Balakrishnan, Aurm offers automated, high-security safety deposit lockers designed for residential gated communities and corporate campuses. Aurm operates a "vault-at-your-doorstep" model featuring military-grade automated safe deposit lockers installed directly within gated communities, bank branches and corporate campuses. The company said its facilities offer round-the-clock access, multi-factor authentication and intrusion-proof surveillance systems, providing an alternative to conventional bank locker services.
Aurm has identified a large but underserved demand for secure private storage solutions within residential and corporate communities. Vijay Arisetty said the company was founded to address the inconvenience faced by individuals who still rely on distant bank branches for safe storage of valuables.
Capital and Deployment
The investment will help Aurm expand its automated vaulting solutions aimed at modernising India's traditional bank locker ecosystem through enhanced security, accessibility and digital integration. The company previously secured $10.3 million in the same round from Prime Venture Partners and Magnifiq Capital Trust.
Aurm plans to install 35,000 lockers by end-2026, with a concentration in South India: 20,000 in Bengaluru, 10,000 in Hyderabad, and 5,000 in Visakhapatnam. To accelerate deployments, the company has tied up with real estate developers including Prestige Group and Sattva Group to integrate vaults within large residential projects.
Strategic Backing
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.
Sattva Ventures operates as the Family Office of Sattva Group. In the past five years, Adrija played a pivotal role in the creation and management of Sattva Ventures, the family office. Actively engaging in both public and private markets, she is ardently focused on broadening its scope and portfolio.
The Broader Context
The collaboration signals a broader shift towards decentralised and technology-led secure storage infrastructure as urban consumers increasingly seek convenient and high-security solutions integrated within residential and commercial ecosystems. Built on the bedrock of 30+ years of trust, innovation and knowledge-leadership, the Sattva Group is one of India's leading Property Development, Management and Consulting organizations in India.