GST provider Vayana Network raises Rs 26 cr in latest series A funding

It has raised the fund from IDG Ventures and Jungle Ventures

Pune-based Goods and Services Tax Network (GSTN) provider Vayana Network has received over Rs 25.7 crore from IDG Ventures and Jungle Ventures in series A funding. Vayana facilitates trade between businesses and helps finance small and medium enterprises (SMEs) through electronic payments and partnerships with various financial institutions. It is one among 34 GST providers approved by the government to facilitate GST for businesses currently.

The company claims to be the country's largest technology-led third party business-to-business (B2B) trade financing platform. It has processed over Rs 4,000 crore in financing via a number of lending partners like Axis Bank,