About Suvit
Suvit is a company based in Surat (India) founded in 2021 by Ankit Virani was acquired by Vyapar in November 2025. Suvit has raised $600.93 thousand across 3 funding rounds from investors including Vyapar, Ishwarbhai Ramjibhai Jivani and Sandipkumar Dhanjibhai Mayani. The company has 13 employees as of April 02, 2024. Suvit offers products and services including Data Entry Automation, Document Management, Report & Analytics, GST Reconciliation, and Client Management. Suvit operates in a competitive market with competitors including Intuit, Visma, Clear, Wave and Xero, among others.
- Headquarter Surat, India
- Employees 13 as on 02 Apr, 2024
- Founders Ankit Virani
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Sectors
Technology
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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 Suvit Fintech Private Limited
- Date of Incorporation 23 Feb, 2022
- Jurisdiction Surat, Gujarat, India
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Annual Revenue
$134.92 K (USD)0as on Mar 31, 2023
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Net Profit
-$56.06 K (USD)61.6as on Mar 31, 2023
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EBITDA
-$34.02 K (USD)76.7as on Mar 31, 2023
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Total Equity Funding
$600.93 K (USD)
in 3 rounds
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Latest Funding Round
$539.1 K (USD), Seed
Jul 08, 2024
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Investors
Vyapar
& 5 more
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Employee Count
13
as on Apr 02, 2024
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Acquired by
Vyapar
(Nov 27, 2025)
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Products & Services of Suvit
Suvit offers a comprehensive portfolio of products and services, including Data Entry Automation, Document Management, Report & Analytics, GST Reconciliation, and Client Management.
Automates data extraction from Excel and PDF for accurate entry.
Organizes and stores client documents for easy access anytime.
Provides in-depth business tracking and KPI alerts via mobile.
Automates mapping and reconciliation of GST data to identify errors.
Manages client accounts and roles for secure document sharing.
People of Suvit
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Growth Team
2 people
Sales and Marketing
1 people
Software Development Team
1 people
Leadership Team
1 people
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Funding Insights of Suvit
Suvit has successfully raised a total of $600.93K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $539.1 thousand completed in July 2024. 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 Suvit
Suvit has secured backing from 6 investors, including institutional and angel investors. Prominent investors backing the company include Vyapar, Ishwarbhai Ramjibhai Jivani and Sandipkumar Dhanjibhai Mayani.
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Cloud-based invoicing and inventory tools for small businesses are provided.
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Ishwarbhai Ramjibhai Jivani |
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Sandipkumar Dhanjibhai Mayani |
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Investor details for Suvit
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Suvit
Investment portfolio details for Suvit
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- Transaction dates
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Financial Statements - Suvit
Detailed financials for Suvit
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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- Profit trends
- Statement rows
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Suvit Comparisons
Peer comparison for Suvit
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Competitors of Suvit
Suvit 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 Intuit, Visma, Clear, Wave and Xero, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Financial and accounting software is developed for businesses and individuals.
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Cloud-based ERP software is provided for business management across segments.
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Technology-enabled accounting and finance solutions are offered for SMBs.
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Web-based accounting software is offered for business use.
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Cloud-based accounting and payment management is offered for small businesses.
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Cloud-based invoicing and accounting software is offered for businesses.
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Detailed competitors of Suvit
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
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Latest news on Suvit
Complete news archive for Suvit
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Frequently Asked Questions about Suvit
Suvit was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Suvit is headquartered in Surat, India. It is registered at Surat, Gujarat, India.
Suvit is a funded company, having raised a total of $600.93K across 3 funding rounds to date.
As of Apr 02, 2024, the latest employee count at Suvit is 13.
Annual revenue of Suvit is $134.92K as on Mar 31, 2023.
Suvit was founded in 2021 in Surat, India, within the finance and accounting sector. AI-driven software is supplied for tax professionals, where data entry, document management, report generation, GST reconciliation, and client management are automated. Integration with accounting programs is enabled through a centralized platform, supported by secure storage, mobile access, and analytics features. A subscription-based pricing model is employed for operations.
Suvit offers Data Entry Automation, Document Management, Report & Analytics, GST Reconciliation, and Client Management.
Suvit has 6 investors. Key investors include Vyapar, Ishwarbhai Ramjibhai Jivani, Sandipkumar Dhanjibhai Mayani, Grishma Bhumin Vithani, and Jagruti Mehulkumar Koshiya.