About BillMart
BillMart is a Financial Services company based in Mumbai (India) founded in 2021 by Jainam Vora, Jigish Sonagara, and Sandeep Doshi. Provider of digital bill discounting and trade finance solutions for MSMEs and corporates. BillMart has raised $1.33 million across 2 funding rounds from investors including Spacenet Enterprises and 9anium Tech. The company has 33 employees. BillMart was last valued at $3.36 million in January 2022. Its chief executive, as recorded, is Jigish Sonagara. Its website billmart.com draws about 20 thousand monthly visits. Its Indian entity Billmart Fintech Private Limited reported revenue of ₹3.98 Cr. BillMart offers products and services including Supply Chain Finance, Vendor Finance, Sales Bill Discounting, Purchase Bill Discounting, and GigCash. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its competitors include KredX, Vayana and Cashflo; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Mumbai, India
- Employees 33
- Founders Jainam Vora, Jigish Sonagara, Sandeep Doshi
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Website billmart.com
- Social LinkedIn X Facebook Instagram
- Legal Name Billmart Fintech Private Limited
- Date of Incorporation 06 Sep, 2021
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹3.98 Cr
FY 2025 · +23% YoY
- Net Loss-₹6.35 Cr
FY 2025 · -160% margin
- EBITDA-₹6.41 Cr
FY 2025 · -161% margin
- Total Equity Funding$1.33M (USD)
in 2 rounds
- Latest Funding Round$334.08K (USD), Seed
Jan 2022
- InvestorsSpacenet Enterprises
& 1 more
- Employee Count33
Associated legal entities of BillMart
BillMart operates through Billmart Fintech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Billmart Fintech Private Limited CIN U72900MH2021PTC367034 | Active | 06 Sep 2021 | Mumbai, Maharashtra | ₹4.0 Cr | 33 | 6 | View details |
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.
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.
Apps and channels of BillMart
BillMart publishes 1 mobile app with over 10 downloads.
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 $1.33M
- Total Rounds 2
- Last Round Seed — $334,080
- First Round $997,667
(Oct 2021)
- Investors Count 2
All 2 funding rounds of BillMart with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2022 | $334,080 | Seed | $3.36M | Spacenet Enterprises | – |
| Oct 2021 | $997,667 | Seed | $1.21M | 9anium Tech | – |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2022 | $3.36M | •••••••• |
| Oct 2021 | $1.21M | •••••••• |
Last known valuation $3.36M (Jan 2022). 2 investors in total: 2 institutional.
Investors in BillMart
BillMart has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Spacenet Enterprises and 9anium Tech.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Risk management solutions are offered for trade finance sectors. | 2015 | spacenetent.com | Hyderabad, India | |
Software development services are provided by 9anium Tech in Mumbai. | 9aniumtech.tcc.mode | Mumbai, India |
Investor details for BillMart
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- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Billmart Fintech Private Limited (BillMart)
Billmart Fintech Private Limited is the primary company behind BillMart. The board of Billmart Fintech Private Limited currently have 5 directors; the longest-serving is Sandeep Anantrai Doshi, appointed in 2021. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sandeep Anantrai Doshi DIN 08208955 | Director | 06 Sep 2021 | 5 yrs 1 mo | Billmart Fintech Private Limited |
| Sethurathnam Ravi DIN 00009790 | Director | 27 Oct 2021 | 5 yrs | Billmart Fintech Private Limited |
| Jainam Rajenbhai Vora DIN 09429884 | Director | 09 Dec 2021 | 4 yrs 10 mo | Billmart Fintech Private Limited |
| Gautam Kirtikumar Shah DIN 06379806 | Director | 20 Jul 2022 | 4 yrs 3 mo | Billmart Fintech Private Limited |
| Ashok Kumar Mittal DIN 01332017 | CEO | 12 Aug 2024 | 2 yrs 2 mo | Billmart Fintech Private Limited |
People of BillMart
7 people are tracked at BillMart (5 in leadership, 2 in team); the tracked headcount is 33.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CTO | Leadership | |
| Co-Founder & CEO | Leadership | |
| Co-Founder & COO | Leadership | |
Sushmita Varma | Business Head | Leadership |
Rahil Vora | Product Head | Leadership |
Sagar Sonagara | Senior Manager | Team |
Chetan Koli | Senior Software Tester | Team |
Complete people profiles for BillMart
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Financials of BillMart
Figures of Billmart Fintech Private Limited, the primary company behind BillMart, for FY 2025. Revenue was ₹3.98 Cr (+23% year on year). Net loss was -₹6.35 Cr (-160% margin). EBITDA was -₹6.41 Cr (-161% margin). Revenue has grown at a compounded annual rate of +263% over three years.
- ₹3.98 CrRevenue · FY 2025 · +23% YoY
- -₹6.35 CrNet loss · -160% margin
- -₹6.41 CrEBITDA · -161% margin
- ₹27.1 LakhPaid-up capital
- 33Employees (provident fund records)
- +263%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Billmart Fintech Private Limited are on its company page.
Detailed financial statements for BillMart
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of BillMart
4 dated milestones of BillMart across 1 years, from founding to its latest funding, stage changes and deals.
- Founded BillMart is founded.
- Funding First funding round of $998K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $334K.
Competitors of BillMart
BillMart has 3 listed competitors in our database, 3 of them funded. They include KredX, Vayana and Cashflo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kredx.com | 2015 | Bengaluru, India | $33.03M | 69 | Supply chain finance solutions and automation tools are provided. | |
| vayana.com | 2009 | Pune, India | $91.94M | Platform for trade credit and supply chain finance is provided. | ||
| cashflo.io | 2019 | Mumbai, India | $12.77M | 54 | Provider of accounts payable automation, payment, compliance, and vendor management software |
Detailed competitors of BillMart
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of BillMart
The website of BillMart (billmart.com) receives about 20.4K visits a month.
- Monthly visits20.4K
▼ 40.3% vs previous month
Websites whose visitors overlap most with BillMart. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
abhijitjana.net | abhijitjana.net | 100% | – | ||
| digico.solutions | 90% | #14,624,409 | View details | ||
| mastechinfotrellis.com | 90% | 6.1K | #3,317,644 | View details | |
qisacademy.com | qisacademy.com | 87% | #7,970,550 | – | |
| bjitgroup.com | 86% | 10.4K | #1,810,037 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for BillMart
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- 7 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Alternative Lending
3 companies that operate in the same segment as BillMart (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 |
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Related news about Billmart
Complete news archive for BillMart
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Frequently Asked Questions about BillMart
BillMart was founded in 2021.
BillMart is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Jigish Sonagara is the CEO of BillMart, as recorded in our data. They have also founded this 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 2021.
BillMart has 33 employees.
The primary company behind BillMart, Billmart Fintech Private Limited, reported revenue of ₹3.98 Cr for FY 2025, up 23% year on year.
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.
BillMart offers Supply Chain Finance, Vendor Finance, Sales Bill Discounting, Purchase Bill Discounting, and GigCash.
BillMart has 2 investors. Key investors include Spacenet Enterprises, and 9anium Tech.
The valuation of BillMart is $3.36M as of Jan 2022.
BillMart operates through Billmart Fintech Private Limited.