Vyapar, a Bengaluru, India-based business accounting and inventory management application company, raised $30 million in a Series B funding.
The round was led by WestBridge Capital, returning investors IndiaMart and India Quotient, and Fortytwo.vc also participated in the round.
The startup will utilize the capital for continued business growth through digital and other distribution channels. It will also hire talent and plans on scaling up work on new revenue-generating streams with the capital.
Company: Simply Vyapar Apps Pvt Ltd.
Round: Series B
Funding Month: January 2021
Lead Investors: WestBridge Capital
Additional Investors: IndiaMart, India Quotient, and Fortytwo.vc
Company Website: https://vyaparapp.in/gst-billing-app
Software Category: GST accounting software
About the Company: Founded in 2016 by Sumit Agarwal, Ruqiya Irum, and Shubham Agrawal, Vyapar is the simplest and easy-to-use accounting and inventory management application. The startup provides an accounting and inventory management platform for small businesses for billing Goods and Services Tax (GST) invoices, managing stock inventory, and accounting solutions. Its services are available offline and help businesses understand their assets liabilities and value. Vyapar is a FREE Business Accounting Software made for Indian Small Businessmen to deal with invoicing, inventory, accounting needs, and more.