- Advertisement -
Friday, April 10, 2020
Home News Vyapar secured Rs 36Cr from IndiaMart

Vyapar secured Rs 36Cr from IndiaMart

- Advertisement -

IndiaMART, which is a B2B eCommerce firm, has now revealed an investment of INR 36 crore in the Vyapar, which is a mobile-based business accounting software for the small businesses.

In a statement, the company revealed the series A investment funding round in the Bangalore based Simply Vyapar Apps Pvt Ltd, owner of Vyapar, also included the existing investor Axilor and India Quotient.

‘Vyapar’ is an invoice accounting and stock inventory app, which can be used by small and medium businesses for billing Goods and Services Tax (GST) invoices, managing stock inventory, and accounting solutions.

Speaking about the Investment, Dinesh Agarwal, MD of IndiaMART revealed that the company found about Vyapar when it was looking for something on the smartphone. The team found it to be a very suitable product for small businesses in India.

He also revealed that the accounting software is mostly desktop driven and operated by the accountants because of the various reasons, which includes heavy accountancy terms. So, both the small and medium businesses in India needed a desktop, software and a muneemji or an accountant to handle the accounts.

“With the advent of mobile internet, a handheld very smart computer has been put in the palms of half a billion people, which is connected to the internet all the time, and many small businesses wanted to use these mini handheld computers to do their own ‘hisaab kitaab’ (accounting) even if they don’t understand terms like debit, credit, creditor, etc. So, Vyapar fits perfectly-well here as it is solving the complex billing and accounting needs of MSMEs in a simplified manner, is aligned with our long-term vision to make business easy for millions by providing them tech-enabled, easy and cost-effective solutions.”

“We feel that going forward, the startup should be able to add a lot of value in areas of invoicing, accounting, inventory management, and GST. We are moving in the right direction as we have been working with small businesses and our vision to make India an easy place to do business by adopting technology, along with internet and mobile,”.

Dinesh said in a press statement

On the 24th of June, IndiaMART launched its IPO. The IPO was subscribed 31.6 times on the final day of bidding.

- Advertisement -
Avatar
Udit Agarwalhttp://vyapaarJagat.com
Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to vyapaarjagat. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.
- Advertisement -

Stay Connected

15,509FansLike
54,224FollowersFollow
1,288FollowersFollow
23,989FollowersFollow
12,458FollowersFollow
61,453SubscribersSubscribe

Must Read

2020’s #1 Sales Trainers in India- Yatharth Marketing Solutions

Back in the year 2014 the Sales Market was on an all-time low. The biggest of Corporate companies were on a decline...
- Advertisement -

UPL contributes Rs. 75 Crore to PM-CARES Fund

Providing Personal Protection Equipment (PPE) to the government for safety of India’s Frontline HeroesAssisting governments in sanitisation of public places countrywide Prepared...

Carlos Slim Helu Biography: Success Story of Telmex CEO

In this success story, we are going to share Carlos Slim Helu biography, the CEO and Chairman of giant telecommunication twin companies...

The Journey so far from Challenging to Rewarding

The foundation was laid down in November, 2010 when I quit my last assignment as Regional Vice President with one of the leading Broking...

Related News

2020’s #1 Sales Trainers in India- Yatharth Marketing Solutions

Back in the year 2014 the Sales Market was on an all-time low. The biggest of Corporate companies were on a decline...

UPL contributes Rs. 75 Crore to PM-CARES Fund

Providing Personal Protection Equipment (PPE) to the government for safety of India’s Frontline HeroesAssisting governments in sanitisation of public places countrywide Prepared...

Carlos Slim Helu Biography: Success Story of Telmex CEO

In this success story, we are going to share Carlos Slim Helu biography, the CEO and Chairman of giant telecommunication twin companies...

The Journey so far from Challenging to Rewarding

The foundation was laid down in November, 2010 when I quit my last assignment as Regional Vice President with one of the leading Broking...

Bernard Arnault Biography: Success Story of Louis Vuitton CEO

In this success story post, we are going to share the Bernard Arnault biography, who has been serving as the CEO of...
- Advertisement -

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.