Peak XV Partners leads $48 million round in Dubai-based spend management startup Alaan

Alaan, founded by Indian-origin Parthi Duraisamy and Karen Kurien, caters to the West Asia market. The founders of 885 Capital — Sudeep Ramnani and Jai Mahtani, Y Combinator, 468 Capital, and Pioneer Fund participated in the round, which was a mix of primary and secondary capital.