About BillMart
BillMart is a company based in Mumbai (India) founded in 2021 by Jainam Vora, Jigish Sonagara, and Sandeep Doshi.. BillMart has raised $1.33 million across 2 funding rounds from investors including Spacenet Enterprises and 9anium Tech. The company has 33 employees as of April 07, 2024. BillMart offers products and services including Supply Chain Finance, Vendor Finance, Sales Bill Discounting, Purchase Bill Discounting, and GigCash. BillMart operates in a competitive market with competitors including KredX, Vayana, Cashflo, CredAble and Shengye Capital, among others.
- Headquarter Mumbai, India
- Employees 33 as on 07 Apr, 2024
- Founders Jainam Vora, Jigish Sonagara, Sandeep Doshi
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Billmart Fintech Private Limited
- Date of Incorporation 06 Sep, 2021
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$378.91 K (USD)623.54as on Mar 31, 2024
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Net Profit
$-902.82 K (USD)-37.35as on Mar 31, 2024
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EBITDA
$-843.66 K (USD)-11.41as on Mar 31, 2024
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Total Equity Funding
$1.33 M (USD)
in 2 rounds
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Latest Funding Round
$334.08 K (USD), Seed
Jan 29, 2022
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Investors
Spacenet Enterprises
& 1 more
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Employee Count
33
as on Apr 07, 2024
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Products & Services of BillMart
BillMart offers a comprehensive portfolio of products and services, including Supply Chain Finance, Vendor Finance, Sales Bill Discounting, Purchase Bill Discounting, and GigCash. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides funding against unpaid bills for supply chain needs.
Offers financing for vendor payments and business growth.
Enables cash advance on sales invoices at low costs.
Facilitates funding for purchase-related invoices digitally.
Delivers fast funding options for gig workers and individuals.
Unlock access to complete
Funding Insights of BillMart
BillMart has successfully raised a total of $1.33M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $334.08 thousand completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $334,080
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First Round
First Round
(27 Oct 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Seed - BillMart | Valuation | Spacenet Enterprises |
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| Oct, 2021 | Amount | Seed - BillMart | Valuation | 9anium Tech |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BillMart
BillMart has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Spacenet Enterprises and 9anium Tech. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Risk management solutions are offered for trade finance sectors.
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Founded Year | Domain | Location | |
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Software development services are provided by 9anium Tech in Mumbai.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BillMart
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BillMart
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Billmart Comparisons
Competitors of BillMart
BillMart operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as KredX, Vayana, Cashflo, CredAble and Shengye Capital, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Supply chain finance solutions and automation tools are provided.
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| domain | founded_year | HQ Location |
Platform for trade credit and supply chain finance is provided.
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| domain | founded_year | HQ Location |
Provider of accounts payable automation, payment, compliance, and vendor management software
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| domain | founded_year | HQ Location |
Provider of working capital and supply chain finance solutions for businesses
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| domain | founded_year | HQ Location |
Supply chain financing is facilitated through an online marketplace platform.
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| domain | founded_year | HQ Location |
Online platform for trade financing
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Billmart
Frequently Asked Questions about BillMart
When was BillMart founded?
BillMart was founded in 2021.
Where is BillMart located?
BillMart is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of BillMart?
Jigish Sonagara is the current CEO of BillMart. They have also founded this company.
Is BillMart a funded company?
BillMart is a funded company, having raised a total of $1.33M across 2 funding rounds to date. The company's 1st funding round was a Seed of $997.67K, raised on Oct 27, 2021.
How many employees does BillMart have?
As of Apr 07, 2024, the latest employee count at BillMart is 33.
What is the annual revenue of BillMart?
Annual revenue of BillMart is $378.91K as on Mar 31, 2024.
What does BillMart do?
BillMart was founded in 2021 in Mumbai, India, within the fintech sector focused on trade finance. A digital platform is operated to facilitate invoice discounting, supply chain finance, vendor finance, and purchase bill discounting for working capital needs. Businesses are connected to multiple financiers through this system, with data insights provided for decision-making. Operations target MSMEs and corporates across India.
Who are the top competitors of BillMart?
What products or services does BillMart offer?
BillMart offers Supply Chain Finance, Vendor Finance, Sales Bill Discounting, Purchase Bill Discounting, and GigCash.
Who are BillMart's investors?
BillMart has 2 investors. Key investors include Spacenet Enterprises, and 9anium Tech.
What is BillMart's valuation?
The valuation of BillMart is $3.36M as of Jan 2022.