The News Scroll 03 September 2019  Last Updated at 7:51 pm | Source: PTI

Simply Vyapar raises Rs 36 cr from IndiaMART, others

Simply Vyapar raises Rs 36 cr from IndiaMART, others
New Delhi, Sep 3 (PTI) 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. PTI PRS RUJ MR MR

Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI
Next Story : Muthoot Finance threatens to shut down Kerala operations
Download the Outlook ​Magazines App. Six magazines, wherever you go! Play Store and App Store