Vayana Network

The company said the fundraise saw participation from family offices such as Quantum State Investment Fund and Emerald Company

Vayana Network as part of its Series C round had already raised Rs 283 crore from new and existing investors

The company has financed more than $8 billion of credit to some 22,000 small businesses

Supply chain finance start-up Vayana Network is eyeing to double the disbursements through its platform to $10 billion by March 2022 having already crossed the $5-billion-mark in trade finance

Vayana allows short-term trade financing to be accessible for businesses, big and small

Pune based 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 SMEs through electronic payments and partnerships with various financial institutions.Vayana is one of the 34 GST providers approved by the government to facilitate GST for businesses currently. The company claims to be India's largest technology led third party B2B trade financing platform. It has processed over Rs. 4000 crore in financing via a number of lending partners like Axis Bank, Religare SME Loans, DBS and Tata Capital apart from payment facilitator MasterCard. The equity investment will be used to further strengthen its B2B trade financing network both in India and abroad.Vayana had previously raised external funding largely through Reliance Industrial Investmenst and Holdings Limited. "This funding comes at an exciting time with GST driving a digital invoicing ecosystem in India ...