Attention all small and medium-sized business owners! Are you tired of the hassle that comes with managing your finances, invoices, and inventory? We’ve got some exciting news for you. Bengaluru-based Vyapar has just raised a whopping $30 million in Series B funding led by WestBridge Capital Shashank Pathak Entrackr. This innovative software company provides accounting, invoicing, and inventory management solutions designed to make running your business easier than ever before. Keep reading to find out more about how Vyapar can help take your SMB to the next level.
Bengaluru-based Vyapar raises $30M Series B led by WestBridge Capital
Bengaluru-based Vyapar, which offers to account, invoicing, and inventory management software to small and medium businesses (SMBs), has raised a $30 million Series B led by WestBridge Capital.
The round also saw participation from existing investors Accel Partners and Shashank Pathak. With this latest infusion of capital, Vyapar has raised a total of $48 million to date.
Founded in 2015 by Nitin Garg and Rakesh Rawat, Vyapar provides an all-in-one solution that helps SMBs manage their finances more efficiently. The company claims to have over 1 million users on its platform, with over 10,000 new businesses signing up every month.
Vyapar will use the new funding to further expand its team and build out its product roadmap. The company says it plans to launch new features such as GST compliance and e-way bill generation in the coming months.
“We are excited to partner with WestBridge as we enter the next phase of growth for Vyapar,” said Nitin Garg, co-founder, and CEO of Vyapar. “They bring a wealth of experience in working with high-growth companies in India, and we look forward to benefitting from their insights as we scale our business.”
What does Vyapar do?
Vyapar is a Bengaluru-based accounting, invoicing, and inventory management software company that raised a $30M Series B led by WestBridge Capital. The company’s software proposal accounting, invoicing, and inventory management to small and medium businesses (SMBs).
Founder and CEO Shashank Pathak believes that Vyapar can help SMBs in India save time and money by automating their accounting, invoicing, and inventory management processes.
The company plans to use the funds to expand its team and develop new features for its software.
Why did WestBridge invest in Vyapar?
1. WestBridge invests in Vyapar for many reasons. They believe in the company and its potential to help small businesses grow and become more efficient. The software is easy to use and helps save time and money. It is also scalable so that businesses can continue to use it as they grow. WestBridge has faith in the team behind Vyapar and its ability to execute its vision.
What are the plans for the new funding?
The Bengaluru-based startup Vyapar, which provides accounting, invoicing, and inventory management software to small and medium businesses (SMBs), has raised a $30M Series B led by WestBridge Capital.
Shashank Pathak, Founder, and CEO of Vyapar, said that the new funding will be used to expand the company’s product offerings and go deeper into existing markets. “We will also use the funds to build out our team with key hires in technology and product,” he added.
Founded in 2015 by Shashank Pathak and Manish Bansal, Vyapar provides an end-to-end solution for SMBs to manage their entire business operations from one single platform. The company claims to have more than 500,000 customers on its platform.
Vyapar’s Series B round also saw participation from existing investors Accel Partners India and Mayfield India.
How has Vyapar grown since its inception?
In a span of two years, Vyapar has grown rapidly and today boasts over 1.5 lakh customers. The company had raised $1 million in seed funding from WestBridge Capital in 2016 and followed it up with a $4 million Series A round led by Accel Partners in 2018. Bengaluru-based Vyapar, which proposal accounting, invoicing, and inventory management software to SMBs, raises a $30M Series B led by WestBridge Capital Shashank Pathak Entrackr
What challenges does Vyapar face?
1. Vyapar faces the challenge of providing accurate accounting, invoicing, and inventory management software to small and medium businesses (SMBs). The company must also ensure that its software is compatible with the various accounting software packages used by SMBs. In addition, Vyapar must provide an easy-to-use interface for its users.
Conclusion
Bengaluru-based Vyapar’s $30M Series B funding round, led by WestBridge Capital Shashank Pathak Entrackr, is a testament to the company’s potential and growing reputation in the accounting and invoicing software industry. We are confident that this significant infusion of capital will help Vyapar reach new heights as it continues to develop its products and services for small businesses around India. With its strong team, robust technology platform, and innovative features, we look forward to seeing what else Vyapar has up its sleeve.
