Aligning businesses to achieve a shared vision - Bringing holistic business solutions to SMEs.
Bengaluru-headquartered business accounting giant Vyapar has acquired NeoDove. With the acquisition, we hope to step up our efforts to cater to the SME sector.
Both NeoDove and Vyapar are driven to make life easier for small and medium-sized
businesses, and this acquisition comes on the back of meeting the growing demand for
cutting-edge technologies for the less technologically-savvy SMEs.
“It's incredibly inspiring to see how far we've come, as well as how our users have been able to scale and grow their businesses. Now with Vyapar’s support, we look forward to reaching even greater heights.” - Arpit Khandelwal, Co-founder, NeoDove
Founded in 2016 by Sumit Agarwal and Shubham Agarwal, Vyapar today is India’s top GST billing, inventory and accounting software provider for small and medium businesses.
The Vyapar App allows businesses to manage their financial data from a single platform. Their rich range of features has enabled the growth of many MSMEs in the country. Moreover, since its inception, Vyapar has gained the trust of over one crore users.
Vyapar also raised $30M in a Series B round led by WestBridge Capital in January 2022. Other investors in the round included IndiaMART and India Quotient.
“Building on our six years of success, the acquisition of NeoDove is our next big step in expanding our offering of solutions to MSMEs and aligning it to our larger goal of addressing MSMEs' needs from all angles.” - Sumit Agarwal, CEO, Vyapar
Our Shared Vision
“Small and medium enterprises (SMEs) are the lifeblood of our economy. One of the major problems holding them back is that they lack access to proper technology.” - Ankit Kumar Agrawal, Co-founder, NeoDove
MSMEs make up 70% of all businesses in India and contribute about 29% to the GDP. But many business owners still struggle to cope with their growth due to the lack of efficient systems. A large percentage still rely on manual methods, such as pen and paper or just Excel for accounting and telecalling.
Through our respective platforms, we have so far assisted hundreds of businesses to ditch the tedious manual processes and implement a more sustainable process of doing business. We have been keen on responding to the concerns of our users by adapting our platforms accordingly.
By coming together and leveraging our uniquely designed platforms, we will make greater strides to influence millions more!