Aurm raises ₹42 crore to replace bank lockers with automated vaults

Only 20% of bank branches even offer lockers

Fintech startup Aurm raised ₹42 crore in a Series A led by Earth Fund and Sattva Ventures to scale automated locker vaults inside residential complexes, office campuses and select bank branches. It says fewer than 20% of Indian bank branches offer locker services due to real estate and security costs. Aurm claims it cut setup costs by about 25% while offering 24/7 access and multi-layer security.