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.
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.
People of BillMart
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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.
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 |
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Risk management solutions are offered for trade finance sectors.
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Software development services are provided by 9anium Tech in Mumbai.
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Investor details for BillMart
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Investments & Acquisitions by BillMart
Investment portfolio details for BillMart
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Financial Statements - BillMart
Detailed financials for BillMart
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Billmart Comparisons
Peer comparison for BillMart
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Supply chain finance solutions and automation tools are provided.
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Platform for trade credit and supply chain finance is provided.
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Provider of accounts payable automation, payment, compliance, and vendor management software
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Provider of working capital and supply chain finance solutions for businesses
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Supply chain financing is facilitated through an online marketplace platform.
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Online platform for trade financing
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Detailed competitors of BillMart
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Latest news on 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 current CEO of BillMart. They have also founded this company.
BillMart is a funded company, having raised a total of $1.33M across 2 funding rounds to date.
As of Apr 07, 2024, the latest employee count at BillMart is 33.
Annual revenue of BillMart is $378.91K as on Mar 31, 2024.
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.