Priority Vendor Technologies Pvt. Ltd
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Priority Vendor Technologies Pvt. Ltd - overview
Established
2014
Location
Noida, Uttar Pradesh, India
Primary Industry
Software
About
Established in 2014 and based in Uttar Pradesh, India, Priority Vendor Technologies Pvt. Ltd operates as a provider of working capital solutions to the supply chain industry. The company was founded by Kunal Agarwal and Nipun Kohli. As of 2021, the company operates as an unlisted private company and employs more than 100 employees.
In 2019, C2FO, a US-based fintech firm acquired Priority Vendor. Priority Vendor offers a cloud-based platform that optimizes the cash discounting process between small and medium enterprise vendors and large enterprises (buyers). The platform uses an artificial intelligence-powered algorithm to maximizes buyer savings and enables the vendor to receive early payment from buyers, shortening the working capital cycle. The platform performs by providing buyers invoices to the supplier and allows them to negotiate to give discounts to the buyers which in return will help suppliers to accelerate their sales and receivables.
The company’s platform has a user base of over 75 corporate companies and 85,000 suppliers which includes Jubilant FoodWorks Ltd, Godrej Consumer Products Ltd, Dabur India Ltd, and Marico Ltd. For the financial year ended on 31 March 2019, Priority Vendor generated operating revenue in the range of INR 10 million - 1000 million with an EBITDA of -106. 95% and a book net worth of -28. 01 %.
Current Investors
VFormation, C2FO, Iron Mountain India
Primary Industry
Software
Sub Industries
e-Financial, Internet, Accounting/Finance Software
Website
www.priorityvendor.com
Verticals
Artificial Intelligence, Blockchain, FinTech, Mobile Apps
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Priority Vendor Technologies Pvt. Ltd - timeline of key events
Priority Vendor Technologies Pvt. Ltd - financials
| Fiscal Year Ended | Mar 31, 2011 | Mar 31, 2012 | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 634,405 | 210,827 | - | - | - | - | 6,738,649 | 14,456,221 | - | - | - |
| % Revenue Growth (YoY) | - | (66.8%) | - | - | - | - | - | 114.5% | - | - | - |
| EBITDA (USD) | - | - | - | - | (2,233,039) | - | (15,162,818) | (27,482,946) | - | - | - |
| Operating Income (USD) | - | - | - | - | (2,433,140) | - | (16,065,628) | (28,566,933) | - | - | - |
| Operating Margin | - | - | - | - | - | - | (238.4%) | (197.6%) | - | - | - |
| % EBITDA Margin | - | - | - | - | - | - | (225.0%) | (190.1%) | - | - | - |
| NET Income (USD) | (434,972) | (83,949) | (17,902) | (15,455) | (2,380,074) | (13,468,524) | (16,056,487) | (28,311,053) | - | - | - |
| % Net Margin | (68.6%) | (39.8%) | - | - | - | - | (238.3%) | (195.8%) | - | - | - |
Priority Vendor Technologies Pvt. Ltd - employee data
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