About Invoice Bazaar
Invoice Bazaar is a company based in Dubai (United Arab Emirates) founded in 2016 by Ashok Balasubramanian was acquired by Triterras in May 2021.. Invoice Bazaar has raised $6.1 million across 3 funding rounds from investors including Advance Global Capital, Triterras and Apte Shirish. Invoice Bazaar offers products and services including Invoice Finance, Amazon Seller Finance, Restaurant eCommerce Finance, and Payment Gateway Finance. Invoice Bazaar operates in a competitive market with competitors including Veefin, Beehive, Extendeal, CreditEnable and Swiftt, among others.
- Headquarter Dubai, United Arab Emirates
- Founders Ashok Balasubramanian
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Sectors
Financial ServicesTechnology
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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 Eciovni Technologies Private Limited
- Date of Incorporation 16 Mar, 2017
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$6.94 K (USD)-26.04as on Mar 31, 2020
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Net Profit
$1.83 K (USD)-71.23as on Mar 31, 2020
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EBITDA
$2.85 K (USD)-66.72as on Mar 31, 2020
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Total Equity Funding
$6.1 M (USD)
in 3 rounds
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Latest Funding Round
$5 M (USD), Series A
Oct 25, 2017
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Investors
Advance Global Capital
& 2 more
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Employee Count
Employee Count
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Acquired by
Triterras
(May 17, 2021)
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Products & Services of Invoice Bazaar
Invoice Bazaar offers a comprehensive portfolio of products and services, including Invoice Finance, Amazon Seller Finance, Restaurant eCommerce Finance, and Payment Gateway Finance. 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.
Service for cashing receivables based on client credit profiles
Finance against Amazon sales performance for working capital
Finance based on online delivery sales data
Finance against sales on payment gateways like PayTabs
Funding Insights of Invoice Bazaar
Invoice Bazaar has successfully raised a total of $6.1M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in October 2017. 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 3
- Last Round Series A — $5.0M
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First Round
First Round
(21 Nov 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2017 | Amount | Series A - Invoice Bazaar | Valuation | Advance Global Capital |
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| May, 2017 | Amount | Angel Round - Invoice Bazaar | Valuation | Apte Shirish |
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| Nov, 2016 | Amount | Seed - Invoice Bazaar | Valuation | Advance Global Capital |
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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 Invoice Bazaar
Invoice Bazaar has secured backing from 3 investors, including institutional and angel investors. Prominent investors backing the company include Advance Global Capital, Triterras and Apte Shirish. 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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Credit brokerage services are facilitated for financial clients internationally.
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Founded Year | Domain | Location | |
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Blockchain-enabled lending-as-a-service platform for businesses
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Founded Year | Domain | Location | |
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AS
Apte Shirish |
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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 Invoice Bazaar
| 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 - Invoice Bazaar
| 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 |
Invoice Bazaar Comparisons
Competitors of Invoice Bazaar
Invoice Bazaar 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 Veefin, Beehive, Extendeal, CreditEnable and Swiftt, 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 |
SaaS-based supply chain financing solutions are delivered globally.
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| domain | founded_year | HQ Location |
Sharia-compliant P2P business loans are facilitated through an online platform.
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| domain | founded_year | HQ Location |
Web-enabled procure-to-pay solution for enterprise procurement is provided.
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| domain | founded_year | HQ Location |
Business loans are connected via an online marketplace for SMEs.
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| domain | founded_year | HQ Location |
Procurement workflows are automated and streamlined via cloud-based system.
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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 Invoice Bazaar
Frequently Asked Questions about Invoice Bazaar
When was Invoice Bazaar founded?
Invoice Bazaar was founded in 2016.
Where is Invoice Bazaar located?
Invoice Bazaar is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Is Invoice Bazaar a funded company?
Invoice Bazaar is a funded company, having raised a total of $6.1M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.1M, raised on Nov 21, 2016.
What is the annual revenue of Invoice Bazaar?
Annual revenue of Invoice Bazaar is $6.94K as on Mar 31, 2020.
What does Invoice Bazaar do?
InvoiceBazaar was established in 2016 in Dubai, United Arab Emirates, as an online marketplace focused on business financing. Invoice discounting, early payment processing, and supplier approvals are handled through the platform. Services include invoice financing, payment gateway financing, and inventory financing. Operations connect businesses with banks and lenders to streamline funding access in the fintech sector.
Who are the top competitors of Invoice Bazaar?
Invoice Bazaar's top competitors include Beehive, Veefin and CreditEnable.
What products or services does Invoice Bazaar offer?
Invoice Bazaar offers Invoice Finance, Amazon Seller Finance, Restaurant eCommerce Finance, and Payment Gateway Finance.
Who are Invoice Bazaar's investors?
Invoice Bazaar has 3 investors. Key investors include Advance Global Capital, Triterras, and Apte Shirish.
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