Get All Access for $5/mo

Vayana Network Raises INR 283 Crore in Series C Round The company creates supply chain finance programs that helps in lowering credit costs by 50 per cent

By Shrabona Ghosh

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Vayana Network

Vayana Network, a trade finance platform, raised INR 283 crore in Series C funding. Vayana saw participation from existing and new investors, including Chiratae Ventures, Jungle Ventures, March Capital and Marshall Wace, among others.

Sharing his thoughts in a statement, Ram Iyer, founder and CEO, Vayana Network, said, "Over the last four years, we have grown 20 times on quarterly financing volumes and have reached $8 billion in total financing. But more than these numbers, we have always defined our role as enablers who provide access to affordable and convenient finance to every member of the supply chain. We have strongly believed that every segment of the supply chain and for every type of trade, there needs to be a relevant product that allows the business to grow sustainably. Given our strong presence in credit enabling infrastructure such as GST and e-invoicing coupled with the launch of our Good Business Score (GBS), we have managed to reach the smallest of businesses, connecting them to the largest lenders."

"Our vision is to create an ecosystem where financing is embedded in a transaction and becomes an almost invisible part of any B2B trade – as simple as swiping a credit card. With our existing and upcoming suite of products, we will solve related challenges such as market discovery, effortless compliance and monitoring, helping every business in a supply chain operate at its best," Iyer added.

TC MeenakshiSundaram, MD and co-founder, Chiratae Ventures, said, "Vayana has been committed to making trade finance easier, accessible and affordable for all businesses in a supply chain, irrespective of size. Vayana not only facilitates access but has worked towards making MSMEs credit ready through its GST compliance and analytics business."

Vayana creates supply chain finance programs that help in lowering the credit costs by 50 per cent and improving the coverage by 100 per cent. Vayana's compliance business which consists of GST Suvidha Provider (GSP) services holds over 20 per cent market share of the e-invoicing in India. The analytics business (GBS) helps customers to monitor the health of their business. Vayana recently received in-principle approval to set up an ITFS platform at the GIFT City (Gujarat), added the statement.

Shrabona Ghosh

Correspondent

A journalist with a cosmopolitan mindset. I lead a project called 'Corporate Innovations' wherein I cover corporates across verticals and try to tell stories on innovations. Apart from this, I write industry pieces on FMCGs, auto, aviation, 5G and defense. 
Leadership

Visionaries or Vague Promises? Why Companies Fail Without Leaders Who See Beyond the Bottom Line

Visionary leaders turn bold ideas into lasting impact by building resilience, clarity and future-ready teams.

Business News

Former Steve Jobs Intern Says This Is How He Would Have Approached AI

The former intern is now the CEO of AI and data company DataStax.

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Science & Technology

5 Automation Strategies Every Small Business Should Follow

It's time we make IT automation work for us: streamline processes, boost efficiency and drive growth with the right tools and strategy.

Marketing

5 Critical Mistakes to Avoid When Giving a Presentation

Are you tired of enduring dull presentations? Over the years, I have compiled a list of common presentation mistakes and how to avoid them. Here are my top five tips.

Green Entrepreneur®

How Global Business Leaders Can Build a Sustainable Supply Chain

Businesses can build sustainable supply chains by leveraging technology to reduce environmental impact, optimize resources and track emissions while balancing operational efficiency and sustainability goals.