[Funding alert] Accounting platform Vyapar raises $30 mn funding from WestBridge Capital, others

Business Accounting Software Vyapar has raised $30 million from WestBridge Capital, existing investors IndiaMart, India Quotient & Fortytwo.vc.

Business Accounting Software Vyapar was founded by Sumit Agarwal & Shubham Agarwal in 2016.

Vyapar is a FREE Business Accounting Software made for Indian Small Businessmen to deal with invoicing, inventory, accounting needs, and much more! The goal is to make a businessman’s daily routine less tiring and let them focus more on growing their business, less on paperwork.

“We are talking about improving the life of a segment that is the largest in our nation, i.e ‘Small Business Sector’ the heartbeat of our economy. One of the major aspect holding down the small and medium enterprise (SME) sector is that they hardly have any access to proper technology. Easing this situation will go a long way in nurturing and sustaining SMEs. To let India emerge as one of the brightest economic spots in the coming years, businesses should focus on ways to make cash rather than stuck up in counting cash. Vyapar basically helps them do business accounting easier with the modern digital way!” Sumit Agarwal, CEO, Vyapar said.

Their Mission is to help every business owner manage his accounting and finances hassle free, even if he does not have any prior accounting knowledge.

A Business Accounting App like Vyapar (available both as Android/Desktop App) most importantly sets up the business financial data at all times 100% accurately . It works offline, helping one use it without being connected to unreliable internet. Vyapar App paints the picture of what they own (assets), how much they owe (liabilities) and what are their business values (equity). It serves as a basis for proper planning of the business accounting activities.

Vyapar has been recognized by Indian Businessmen who have taken it up and made it a success as a result of which they are running towards 1 Million installs on the play store.