Simply Vyapar Raises Rs 36 Crore From IndiaMART, Others

Business accounting software provider Simply Vyapar 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 Goods and Service Tax 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.