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. 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.
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.
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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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $539,100
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First Round
First Round
(28 Jan 2023)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Seed - Suvit | Valuation | Vyapar |
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| Sep, 2023 | Amount | Angel Round - Suvit | Valuation | Ishwarbhai Ramjibhai Jivani | |
| Jan, 2023 | Amount | Angel Round - Suvit | Valuation | Grishma Bhumin Vithani |
| 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 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. 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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Cloud-based invoicing and inventory tools for small businesses are provided.
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Founded Year | Domain | Location | |
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IR
Ishwarbhai Ramjibhai Jivani |
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Founded Year | Domain | Location |
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SD
Sandipkumar Dhanjibhai Mayani |
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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 Suvit
| 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 - Suvit
| 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 |
Suvit Comparisons
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. 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 |
Financial and accounting software is developed for businesses and individuals.
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| domain | founded_year | HQ Location |
Cloud-based ERP software is provided for business management across segments.
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| domain | founded_year | HQ Location |
Technology-enabled accounting and finance solutions are offered for SMBs.
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| domain | founded_year | HQ Location |
Web-based accounting software is offered for business use.
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| domain | founded_year | HQ Location |
Cloud-based accounting and payment management is offered for small businesses.
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| domain | founded_year | HQ Location |
Cloud-based invoicing and accounting software is offered for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Suvit
When was Suvit founded?
Suvit was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is Suvit located?
Suvit is headquartered in Surat, India. It is registered at Surat, Gujarat, India.
Is Suvit a funded company?
Suvit is a funded company, having raised a total of $600.93K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $61.83K, raised on Jan 28, 2023.
How many employees does Suvit have?
As of Apr 02, 2024, the latest employee count at Suvit is 13.
What is the annual revenue of Suvit?
Annual revenue of Suvit is $134.92K as on Mar 31, 2023.
What does Suvit do?
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.
What products or services does Suvit offer?
Suvit offers Data Entry Automation, Document Management, Report & Analytics, GST Reconciliation, and Client Management.
Who are Suvit's investors?
Suvit has 6 investors. Key investors include Vyapar, Ishwarbhai Ramjibhai Jivani, Sandipkumar Dhanjibhai Mayani, Grishma Bhumin Vithani, and Jagruti Mehulkumar Koshiya.
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