Bengaluru-based Aurm is scaling its “vault-at-your-doorstep” model by placing automated, high-security lockers inside residential communities, offices, and bank branches. Launched in April 2023 under PRANSU Technologies Private Limited, the startup is targeting urban customers seeking convenient, round-the-clock access to secure storage with integrated insurance.
Leadership and team
The company is led by CEO Vijay Arisetty, the co-founder of community management platform MyGate. The core team includes Suraj HS (Head of Growth), Pratap Chandana (Head of Technology), and entrepreneur Ganesh Balakrishnan. As of August 2025, Aurm employed 41 people, reflecting rapid organisational build-out within two years of launch.
Product, pricing, and financial performance
Aurm designs and manufactures its vault systems in Bengaluru, with a current capacity of up to 100 vault units a month. Each deployment typically houses 200–250 lockers and involves a capital outlay of approximately ₹2–2.5 crore, indicating a hardware-intensive model with significant upfront investment.
Lockers are available in 8-litre, 20-litre, and 32-litre sizes on an annual subscription priced between ₹8,000 and ₹25,000, depending on capacity and features. Customers get 24/7 access, multi-factor authentication, continuous surveillance, and insurance coverage on stored items—positioning the service as a managed alternative to traditional bank lockers and home safes.
As of March 2025, Aurm reported revenue of ₹1.06 crore and a valuation of ₹312 crore. The startup has raised $10.3 million across multiple funding rounds from a mix of investors, underscoring early-stage investor confidence in the secure-storage category.
Expansion plans and partnerships
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. A partnership with fintech platform Jupiter aims to layer financial services over its locker ecosystem, potentially enhancing user acquisition and engagement.
Market context and competition
Secure parcel and storage locker systems are gaining traction globally, driven by e-commerce growth, urban density, and demand for convenient, trusted storage. Internationally, Aurm’s model sits alongside players such as InPost and Cleveron, which operate technology-led locker networks for deliveries and storage. By combining physical security infrastructure with software, identity verification, and insurance, Aurm is positioning itself as a differentiated entrant in India’s emerging secure-storage market.
