Accounting startup Vyapar has raised series A $4.97 million funding round led by online B2B marketplace IndiaMART for a minority stake. Existing investors India Quotient and Axilor Ventures also participated. The firm will deploy the funds to expand customer base and to provide complete business solutions for MSMEs.
Vyapar is an easy to use accounting and inventory management application. It competes with Khatabook and OkCredit. This is the first investment of IndiaMART after going public in June 2019. (Source)
