Ande raises more than $52M to make corporate dinners a managed expense

Lohit Sarma's Ande combines venue booking, approvals and payments; its bigger bet is becoming the corporate sales channel for hospitality.

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Primary source: Ande via PR Newswire

Why it matters

Ande is betting that corporate entertainment can be bought through a standing procurement channel instead of a new approval chain for every event. Its reported $400M in annual spend shows claimed network reach, not revenue.

A beautifully set table in an upscale private dining room for a corporate dinner, featuring crisp linens and elegant place settings.

Lohit Sarma brought Ande out of stealth on September 22nd with more than $52 million in combined seed and Series A funding and a plan to put corporate entertainment through one purchasing system. The announcement names Lightspeed Venture Partners, [Redpoint…

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