Accounting Platform Vyapar Raises $30 Million In Funding Led By Westbridge Capital

Jan 26, 2022•almost 4 years ago

Amount Raised

$30 Million

Bengaluru

Description

Bengaluru: Vyapar, an accounting and inventory management startup focussed on small businesses, has raised $30 million as a part of its fresh fundraise led by WestBridge Capital. The round also saw participation from existing backers IndiaMart and India Quotient, along with Fortytwo.vc.

Company Information

Company

Vyapar

Location

Bengaluru, Karnataka, India

About

The company will use the funds to grow through digital and physical distribution channels. The platform also allows these businesses to keep a track of inventory purchases and helps them reduce expenses while providing an overview of transactions. Since then, Vyapar claims that its business has grown five-fold and its team has increased to over 300 employees from 60 previously. Discover the stories of your interestBlockchain5 StoriesCyber-safety7 StoriesFintech9 StoriesE-comm9 StoriesML8 StoriesEdtech6 StoriesCurrently, the market in which Vyapar operates has several players focused on providing accounting solutions for small businesses and kiranas. Founded in 2015, Vyapar is a mobile-first offering focussed on small businesses, providing them with digital accounting and billing solutions. Vyapar is on a mission to digitize the MSMEs of India and help them grow.

Funding Insights

Based on industry data

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Accounting Platform Vyapar Raises $30 Million In Funding Led By Westbridge Capital

Description

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Funding Insights

Company Information