Bengaluru, Karnataka, India: Bengaluru headquartered trade accounting platform Vyapar has bought SaaS startup NeoDove for an undisclosed quantity. That is Vyapar’s first acquisition with which it hopes to additional support and step up its efforts to cater to the SME sector.“Construction on our six years of good fortune, the purchase of NeoDove is our subsequent large step to increase the scope of issues that we clear up for the MSMEs of India aligning to our better function of fixing 360 level issues of MSMEs," mentioned Sumit Agarwal, founder & CEO at Vyapar.Vyapar not too long ago raised $30 Million in Sequence-B investment led via WestBridge Capital with participation from present buyers Indiamart & IndiaQuotient. Fortytwo.vc additionally participated within the spherical.
Vyapar’s mobile-first resolution is helping companies generate expenses and GST invoices, set up transactions, make good selections on stock purchases, and offers get admission to to accounting stories at the smartphone to house owners. The app is to be had at the Google Play Retailer.
NeoDove, based in 2020 via Arpit Khandelwal and Ankit Kumar Agrawal, supplies a novel telecalling and gross sales engagement resolution for small and medium-sized companies. Via their distinctive CRM device, NeoDove supplies their shoppers with options which can be required to power higher effects from their gross sales, advertising and marketing and buyer engagement efforts.
Each NeoDove and Vyapar are pushed to make lifestyles more straightforward for small and medium-sized companies, and this acquisition comes at the again of assembly the rising call for for state of the art applied sciences for the fewer technologically-savvy SMEs.
“It’s extremely inspiring to peer how some distance we’ve come, in addition to how our customers had been in a position to scale and develop their companies. Now with Vyapar’s strengthen, we sit up for achieving even better heights.” – Arpit Khandelwal, Co-founder, NeoDove.
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