Acquisition History / Aurionpro Solutions Ltd / Arya.ai (67%)
Aurionpro Solutions Ltd Acquires Arya.ai (67%)
Announced April 2024 — $15.6M
What happened
Aurionpro Solutions announced in April 2024 the purchase of a 67% stake in Arya.ai, a platform-as-a-service startup serving banks and insurers, for Rs 137.7 crore. The all-cash deal combined secondary purchases from existing shareholders with a subscription to new equity. Aurionpro folded Arya.ai's AI cloud platform into its enterprise offering for financial institutions.
- Acquirer
- Aurionpro Solutions Ltd
- Target
- Arya.ai (67%)
- Announced
- April 2024
- Price
- $15.6M
- Industry
- AI platform for banking and insurance
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Aurionpro Solutions Ltd acquire Arya.ai (67%)?
Aurionpro Solutions Ltd acquired Arya.ai (67%) on April 2024. This was Aurionpro Solutions Ltd's 1st publicly tracked acquisition out of 1 we have on record.
How much did Aurionpro Solutions Ltd pay for Arya.ai (67%)?
Aurionpro Solutions Ltd paid $15.6M for Arya.ai (67%).
What does Arya.ai (67%) do?
Aurionpro Solutions announced in April 2024 the purchase of a 67% stake in Arya.ai, a platform-as-a-service startup serving banks and insurers, for Rs 137.7 crore. The all-cash deal combined secondary purchases from existing shareholders with a subscription to new equity. Aurionpro folded Arya.ai's AI cloud platform into its enterprise offering for financial institutions.
What other AI platform for banking and insurance companies has Aurionpro Solutions Ltd acquired?
Arya.ai (67%) is Aurionpro Solutions Ltd's only publicly tracked acquisition in AI platform for banking and insurance so far.