Bangalore, India: Vyapar, the Bengaluru-based business accounting platform, has acquired SaaS startup NeoDove for an undisclosed amount. This is Vyapar’s first acquisition with which it hopes to further strengthen and intensify its efforts to meet the needs of the SME sector.
“Building on our six years of success, the acquisition of NeoDove is our next big step in expanding the scope of the problems we solve for Indian MSMEs by aligning with our broader goal of solving 360-degree problems for Indians. MSMEs,” said Sumit Agarwal, Founder and CEO of Vyapar
Vyapar recently raised $30m in Series B funding led by WestBridge Capital with participation from existing investors Indiamart & IndiaQuotient. Fortytwo.VC also participated in the round.
Vyapar’s mobile solution helps businesses generate invoices and GST invoices, manage transactions, make smart decisions on inventory purchases, and provides owners with access to accounting reports on the smartphone. The app is available on the Google Play Store.
NeoDove, founded in 2020 by Arpit Khandelwal and Ankit Kumar Agrawal, provides a one-stop paging and business engagement solution for small and medium businesses. Through its unique CRM system, NeoDove provides its customers with the functionality needed to achieve better results from their sales, marketing and customer engagement efforts.
Both NeoDove and Vyapar are committed to making life easier for small and medium-sized businesses, and this acquisition comes in response to the growing demand for advanced technologies for less technologically savvy SMBs.
“It’s incredibly inspiring to see how far we’ve come, and how our users have been able to scale and grow their businesses. Now, with the support of Vyapar, we look forward to reaching even greater heights. – Arpit Khandelwal, co-founder, NeoDove