Parthi Duraisamy

CEO @try_alaan (YC W23)

[Parthi Duraisamy @letsparthi]

Since the attacks, how are UAE businesses actually doing?

Our data at @Try_Alaan drawn from thousands of businesses and millions in transactions, shows a clear picture:

→ 86% of pre-attack spend volumes have already returned, and climbing 📈
→ 97% of businesses on our platform remain actively transacting

[Parthi Duraisamy @letsparthi]

We did something early on at @Try_Alaan that many in the ecosystem told us not to. We did it anyway.

When we started, Karun and I made a commitment to give equity to every employee, and not create a class system between those who have ESOPs and those who don’t. We’ve stayed true to that.

But equity means little without liquidity.

Last month, we completed Alaan’s first equity buyback program, one of the very first of its kind in the Middle East for a company at our stage.

Every team member who joined Alaan more than a year or so ago was eligible to sell a portion of their equity at the same valuation as our Series A investors, with no haircut.

Companies often talk about “ownership mentality” but rarely does that ownership translate into something tangible for employees.

This buyback is one step toward making ownership at Alaan real, and a promise that we’ll keep finding ways to make Alaan a special place where people feel invested for the long run.

Thanks to Khaleej Times for covering our story: https://t.co/wgOE91SHpJ

[Y Combinator @ycombinator]

Congrats to the team @Try_Alaan on their $48M Series A!

In just 3 years, Alaan has grown into one of the most widely adopted fintech platforms in the UAE and KSA, serving over 1,500 businesses. Their AI agents are already helping finance teams: automating receipt matching, VAT extraction, and eliminating manual reconciliation.

https://t.co/Xsv1v2G6gg

[Peak XV Partners @peakxvpartners]

Alaan is reimagining how finance teams operate - powered by AI, built for MENA. 1,500+ finance teams already trust @Try_Alaan to manage spends and expenses.
More on their Series A and why we are excited to partner with @letsparthi, Karun Kurien & team 👇
https://t.co/eHIPxUNrFJ

[Alaan | الآن @Try_Alaan]

$48 million raised. 1,500+ finance teams empowered. 1.5 million hours saved.

Finance teams - this win’s for you.

We’ve raised $48M in our Series A funding to scale what you’ve helped us build. From UAE to KSA, from reconciliation to receipts, every feature, every fix, every breakthrough has been shaped by you. You gave us the “why' and we built the “how”.

Thank you for trusting us, challenging us, and building with us. Upwards and onwards.  🚀

@TechCrunch covered the raise in their piece below, give it a read.

جمعنا 48 مليون في جولة التمويل

أكثر من 1500 فريق مالي استفاد، ووفّرنا 1.5 مليون ساعة عمل
الإنجاز هذا لكم يا أبطال المالية 👏 من الإمارات للسع��دية، كل ميزة وكل تحسين كان وراها أنتم. شكرًا على الثقة والدعم والتحديات اللي خلتنا نوصل لهنا.
والجاي أفضل إن شاء الله💜🚀

https://t.co/81g2uo39vK

[Parthi Duraisamy @letsparthi]

@davidevans__ @peakxvpartners @ycombinator @468Capital @pioneer_fund @Try_Alaan Fixed 🙏🏼

[Parthi Duraisamy @letsparthi]

Proud to announce one of the largest Series A rounds in the history of the Middle East!

Alaan has raised $48M, led by @peakxvpartners (formerly Sequoia India & SEA), with 885 Capital, @ycombinator, @468Capital & @pioneer_fund in a heavily oversubscribed round. 🚀

Also, thrilled to be backed by world-class operators:
@hosamarab (Tabby), @MudassirSheikha (Careem), @jepperindom (Pleo), @AbdallahAbuShkh (Astra Tech), @yiweiang (Talabat), @okassim (Nomod), and many others

Our AI agents are already quietly helping finance teams: automating receipt matching, VAT extraction, and eliminating manual reconciliation. With this funding, we’re doubling down to remove even more manual work and give finance teams full control over spend.

[Parthi Duraisamy @letsparthi]

@benjaminbalazs @peakxvpartners @ycombinator @468Capital @pioneer_fund Taking a look, thank you :) YC, ftw 💪🏽

[Parthi Duraisamy @letsparthi]

@essonjon @peakxvpartners @ycombinator @468Capital @pioneer_fund Fixed 🙏🏼

[Parthi Duraisamy @letsparthi]

@sgurumurmurthy @peakxvpartners @ycombinator @468Capital @pioneer_fund Fixed 🙏🏼

[Parthi Duraisamy @letsparthi]

@kiran6d @peakxvpartners @ycombinator @468Capital @pioneer_fund Yes, but only SDRs

[Parthi Duraisamy @letsparthi]

@Gauravwagh7975 @peakxvpartners @ycombinator @468Capital @pioneer_fund why?

[Parthi Duraisamy @letsparthi]

@poundchan @peakxvpartners @ycombinator @468Capital @pioneer_fund https://t.co/aup518aubl

[Parthi Duraisamy @letsparthi]

@MaxMill06 @peakxvpartners @ycombinator @468Capital @pioneer_fund Fixed 🙏🏼

[Parthi Duraisamy @letsparthi]

@jasonlk You have no idea how much I have learned from SaaStr blogs... thanks a ton! 🙏🏼

[Parthi Duraisamy @letsparthi]

@Prajjval0x @peakxvpartners @ycombinator @468Capital @pioneer_fund Fixed 🙏🏼

[Parthi Duraisamy @letsparthi]

Took the team almost a year. But our new app is 🔥🔥

[Alaan | الآن @Try_Alaan]

We asked people what an ideal office would look like; they said

☕ A good coffee shop nearby
🚦No traffic, easy to get autos
💻 More meeting rooms
🧑‍🍳 Near to restaurants

Glad to share that after one month of extensive searching, we now have an office space that ticks every box.

[Alaan | الآن @Try_Alaan]

⚡️Huge Alaan News⚡️

We’re thrilled to share that Alaan is the first company in the Middle East to integrate OpenAI’s ChatGPT-4.

Learn more about the infinite possibilities of AlaanAI here: https://t.co/VvSPlc7aCg

#SpendManagement #AI #FutureOfWork #OpenAI

[Parthi Duraisamy @letsparthi]

India is the first country to mandate CSR through Companies Act 2003. Big companies must spend “2 percent" of net profits on CSR #CRTuck