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Venture capital (VC) firm Peak XV Partners has led a $48 million funding round in Alaan, a spend management platform headquartered in Dubai.
The startup, founded by Indian-origin Parthi Duraisamy and Karen Kurien, caters to the West Asia market. Currently, it is offering spend management to some prominent corporations operating in that region.
The round also saw participation from founders of 885 Capital, Sudeep Ramnani and Jai Mahtani, Y Combinator, 468 Capital, and Pioneer Fund. It was a mix of primary and secondary capital, the company said in a…
