Total amount raised
₹2.6 Billions
Latest funding date
Location
Vyapar App has successfully raised funds through multiple rounds, with the most recent being a Series B round closed on January 26, 2022. The company has attracted seven investors, including notable names like FortyTwo VC and India Quotient.
Keep reading to explore the intricacies of Vyapar App's fundraising journey and the investors backing this innovative platform.
What Is Vyapar App?
Vyapar App, founded in 2017, is a prominent player in the accounting, FinTech, local business, and software industries. Headquartered in Bangalore, Karnataka, India, the company was established by Shubham Agrawal and Sumit Agarwal.
With an employee count ranging between 501 and 1000, Vyapar App offers a comprehensive GST-compatible business accounting software. The platform is designed to simplify billing, inventory management, and GST filing for micro and small businesses, serving over 1 million users. The software is accessible via an Android app, making it user-friendly even for those without accounting knowledge.
How Much Funding Has Vyapar App Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their GST-compatible business accounting software.
- Series A
- Amount Raised: $5 million
- Date: September 2019
- Lead Investors: India Quotient, IndiaMART InterMESH, Axilor Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business, evidenced by a five-fold growth and an increase in team size from 60 to over 300 employees.
- Series B
- Amount Raised: $30 million
- Date: January 2022
- Lead Investors: WestBridge Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To grow through digital and physical distribution channels, increase hiring, launch new products, and enable additional revenue streams.
Total Amount Raised: $35 million
Current Valuation: Not publicly disclosed
Key Investors
- WestBridge Capital
- Details: WestBridge Capital is a private equity firm that focuses on high-growth companies in India. They have a significant presence in the technology, financial services, and consumer sectors.
- Investment Focus Areas: Technology, financial services, consumer sectors
- Notable Investments: PolicyBazaar, Oyo Rooms, Delhivery
- Axilor Ventures
- Details: Axilor Ventures is an early-stage venture capital firm that supports startups in their growth journey. They are known for their focus on technology and healthcare sectors.
- Investment Focus Areas: Technology, healthcare
- Notable Investments: Not publicly disclosed
- India Quotient
- Details: India Quotient is a venture capital firm that invests in early-stage startups. They have a strong focus on technology and consumer sectors.
- Investment Focus Areas: Technology, consumer sectors
- Notable Investments: ShareChat, Lendingkart, Sugar Cosmetics
- IndiaMART InterMESH
- Details: IndiaMART InterMESH is an Indian e-commerce company that provides B2B and customer-to-customer sales services. They invest in startups that complement their core business.
- Investment Focus Areas: B2B marketplaces, technology-driven businesses
- Notable Investments: Shipway, Vyapar, ProcMart
- Fortytwo.vc
- Details: Fortytwo.vc is a venture capital firm that invests in early-stage technology startups. They focus on companies with innovative solutions.
- Investment Focus Areas: Technology-driven companies
- Notable Investments: Not publicly disclosed
What's Next for Vyapar App?
Vyapar App is poised for significant growth, leveraging opportunities in digital and physical distribution channels. With a five-fold business expansion since 2019 and over 1 lakh paying customers, the company is well-positioned to capitalize on the vast MSME sector in India. The recent $30 million funding round will enable Vyapar to launch new products and increase hiring, further solidifying its market presence.
Future fundraising opportunities appear promising, given the company's robust growth trajectory and the increasing digitization of MSMEs. However, Vyapar will need to navigate challenges such as competition from well-funded startups like Khatabook and ensuring the scalability of their platform. By addressing these hurdles, Vyapar can continue to attract investor interest and potentially explore strategic acquisitions to enhance their offerings.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Vyapar App and gather other critical business insights. Sign up for free to start unlocking valuable information today.
