Simply Vyapar Apps Pvt Ltd

Simply Vyapar Apps Pvt Ltd is a software company specializing in billing, accounting, and inventory management solutions for small and medium enterprises in India. Founded in 2015 in Bangalore, India, Simply Vyapar Apps Pvt Ltd offers software solutions designed to assist small and medium enterprises with their financial management needs. The company has secured a total of 3 deals, with its most recent funding round occurring on February 18, 2022, where it raised INR 2,176. 84 million in a Series B round led by WestBridge Capital Partners, alongside other investors such as AL Trust and Anicut Capital.

The founders, Shubham Agrawal and Sumit Agarwal, have backgrounds in technology and entrepreneurship, which they leverage to enhance the company's offerings. The current valuation of the company stands at INR 9,672. 10 million. Vyapar offers a comprehensive suite of billing, accounting, and inventory management software tailored for small and medium enterprises in India.

The platform features a free mobile application that enables users to create GST-compliant invoices, manage inventory, and perform accounting tasks with ease. The software allows for the generation of invoices in various formats and facilitates digital sharing through channels like WhatsApp, email, and SMS. By supporting both online and offline data access, Vyapar effectively addresses the operational needs of businesses across diverse sectors, including retail, pharmaceuticals, and construction. With a user base exceeding 10 million businesses, Vyapar is well-positioned to streamline financial management processes.

In the most recent fiscal year, Vyapar reported revenues of INR 2,757,647. 90, while its EBITDA amounted to -INR 8,869,532. 10, indicating ongoing investments in growth and development. Following its Series B funding round in February 2022, Simply Vyapar Apps Pvt Ltd plans to utilize the raised funds to enhance its digital presence and distribution channels.

The company aims to bolster its efforts in developing new revenue streams while also focusing on expanding into additional geographic markets. Specific new products are being designed to further enrich the service offering, although release dates are yet to be announced. This strategic approach underlines the company's commitment to scaling its operations and addressing the evolving needs of its customer base.