Bengaluru-based startup Aurm is growing fast with its “vault-at-your-doorstep” service. Started in April 2023 under PRANSU Technologies Private Limited, the company provides secure, automated lockers inside residential societies, offices, and bank branches.
The company is led by CEO Vijay Arisetty, who earlier founded MyGate. The core team also includes Suraj HS (Head of Growth), Pratap Chandana (Head of Technology), and Ganesh Balakrishnan. As of August 2025, Aurm had 41 employees, showing strong growth in a short time.
Product, pricing, and financial performance
Aurm designs and builds its lockers in Bengaluru and can produce up to 100 vaults every month. The lockers come in three sizes—8 litres, 20 litres, and 32 litres—so users can choose based on their needs. The yearly subscription cost ranges from ₹8,000 to ₹25,000. Each vault setup has around 200 to 250 lockers and costs the company about ₹2 to ₹2.5 crore. These vaults offer high-level security, 24/7 access, multi-step verification, and constant surveillance. The company also provides insurance to cover stored items, which adds an extra layer of trust.
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In terms of numbers, Aurm reported revenue of ₹1.06 crore as of March 2025 and has a valuation of ₹312 crore. It has raised $10.3 million from several investors across different funding rounds.
Expansion plans and competitive landscape
Aurm is now planning to grow quickly. The company aims to install 35,000 lockers by the end of 2026. Out of this, 20,000 lockers will be in Bengaluru, 10,000 in Hyderabad, and 5,000 in Visakhapatnam.To support this expansion, Aurm has partnered with real estate companies like Prestige Group and Sattva Group to set up lockers inside residential communities. It has also partnered with Jupiter to offer financial services to users.
Globally, Aurm competes with companies such as InPost and Cleveron. With rising demand for safe storage solutions, Aurm is becoming an important player in this space.