Total amount raised
₹2.6 Billion
Latest funding date
01/01/2022
Location
Vyapar App has successfully raised funding over three rounds, with the latest being a Series B round. The company is backed by seven investors, including 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 is a private company based in Bangalore, Karnataka, India, specializing in GST-compatible business accounting software. The company operates in industries such as Accounting, FinTech, Local Business, and Software.
Founded to simplify the daily activities of micro and small businesses, Vyapar App has grown to employ between 501-1000 people. The software offers features like GST billing, inventory management, and payment reminders, making it a comprehensive solution for small and medium-sized enterprises (SMEs) in India.
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 and initial growth of the platform.
- Series A Round
- Amount Raised: $5.4 million
- Date: September 2019
- Lead Investors: Axilor Ventures, India Quotient, IndiaMART InterMESH
- 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 Round
- 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: $35.4 million. Current Valuation: Not publicly disclosed.
Key Investors
- WestBridge Capital
- Details: WestBridge Capital is a major investor in Vyapar App, leading the Series B funding round. Sandeep Singhal, the co-founder and managing director, has expressed confidence in Vyapar's growth and mission.
- Investment Focus Areas: Digitizing MSMEs in India, supporting companies that provide solutions to small businesses.
- Notable Investments: Vyapar
- Axilor Ventures
- Details: Axilor Ventures participated in Vyapar's Series A funding round in September 2019. They are known for investing in startups and early-stage companies.
- Investment Focus Areas: Startups, early-stage companies.
- Notable Investments: Vyapar
- India Quotient
- Details: India Quotient is a returning investor in Vyapar, participating in both the Series A and Series B funding rounds. They focus on supporting startups and early-stage companies.
- Investment Focus Areas: Startups, early-stage companies.
- Notable Investments: Vyapar
- IndiaMART InterMESH
- Details: IndiaMART InterMESH is an existing investor in Vyapar, participating in the Series A and Series B funding rounds. Dinesh Agarwal, the founder and managing director, has shown strong belief in Vyapar's product and team.
- Investment Focus Areas: Solutions for small businesses and MSMEs.
- Notable Investments: Vyapar
- Fortytwo.vc
- Details: Fortytwo.vc participated in Vyapar's Series B funding round. They are known for investing in innovative startups.
- Investment Focus Areas: Innovative startups.
- Notable Investments: Vyapar
What's Next for Vyapar App?
Vyapar App is poised for significant growth, leveraging opportunities in digital and physical distribution channels. The company plans to expand its team and launch new products, aiming to tap into the growing demand for digital accounting solutions among small businesses in India. This expansion could open up new revenue streams and solidify its market position.
Given the strong investor confidence and the substantial market potential, Vyapar may attract further investment to fuel its ambitious growth plans. However, the company will need to navigate challenges such as intense competition from other well-funded players and the complexities of scaling operations while maintaining service quality. Continuous innovation will be key to staying ahead in this competitive landscape.
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