You are here: Home » PTI Stories » National » News
Business Standard

Simply Vyapar raises Rs 36 cr from IndiaMART, others

Business Finance

Press Trust of India  |  New Delhi 

Business accounting software provider Simply Vyapar on Tuesday said it has raised Rs 36 crore in funding led by B2B e-marketplace IndiaMART.

"IndiaMART led the Series A investment round in Simply Vyapar Apps Pvt Ltd of Rs 36 crore along with the participation of existing investors India Quotient and Axilor," IndiaMart said.

The company owns invoice accounting and stock inventory app Vyapar.

Small and medium businesses can use the app or desktop version for billing GST invoices, managing stock inventory and accounting solutions, the statement said.

"This investment in Vyapar that is solving the complex billing and accounting needs of MSMEs in a simplified manner is aligned with our long term vision to making doing business easy," IndiaMART MD Dinesh Agarwal said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, September 03 2019. 19:55 IST