About Vayana
Vayana is a Technology company based in Pune (India) founded in 2009 by Ramaswamy N Iyer. Platform for trade credit and supply chain finance is provided. It operates in the Technology and Financial Services sectors. Vayana has raised $91.94 million across 10 funding rounds from investors including PayU, International Finance Corporation and Marshall Wace. The company has 223 employees. Vayana has completed 1 acquisition, including SahiGST. Vayana was last valued at $234.7 million in July 2024. Its chief executive, as recorded, is Ramaswamy N Iyer. Its website vayana.com draws about 11 thousand monthly visits. Its Indian entity Vay Network Services Private Limited reported revenue of ₹122 Cr. Vayana offers products and services including Supply Chain Finance, GST-API Services, Cash Flow Compliance, Receivables Financing, and Payables Financing. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its competitors include KredX, Veefin and Cashflo; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 2009 and based in Pune, India, Vayana operates in the fintech sector focused on supply chain finance. Transactions between buyers and sellers are digitally authenticated through its platform, enabling financial institutions to offer lending with lower risk and costs. Credit programs are structured in partnership with banks for supply chain entities. Services encompass receivables and payables financing, compliance tools, analytics, and application programming interfaces.
- Headquarters Pune, India
- Employees 223
- Founders Ramaswamy N Iyer
- Stage Minicorn
- SectorsTechnologyFinancial Services
- Website category Finance · Accounting and Auditing
- Phone•••• ••••
- Website vayana.com
- Social LinkedIn X Facebook YouTube
- Legal Name Vay Network Services Pvt. Ltd.
- Date of Incorporation 16 Jun, 2016
- Jurisdiction Pune, Maharashtra, India
Associated legal entities of Vayana
Vayana operates through Vay Network Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Vay Network Services Private Limited CIN U74999PN2016PTC165017 | Active | 16 Jun 2016 | Pune, Maharashtra | ₹122 Cr | 223 | 5 | View details |
Products & Services of Vayana
Vayana offers a comprehensive portfolio of products and services, including Supply Chain Finance, GST-API Services, Cash Flow Compliance, Receivables Financing, and Payables Financing.
Platform for providing trade credit to supply chain members.
API for processing GST-related transactions and data.
Tools to manage cash flow and regulatory compliance.
Service for financing outstanding receivables.
Solution for managing and financing supplier payables.
Apps and channels of Vayana
its YouTube channel Vayana has 289 subscribers and 30 videos.
Videos from Vayana
The most watched videos on Vayana's YouTube channel, Vayana (289 subscribers). Click a video to play it here.
More on Vayana.
Funding Insights of Vayana
Vayana has successfully raised a total of $91.94M across 10 strategic funding rounds. 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 $91.94M
- Total Rounds 10
- First Round $4.14M
(Jul 2017)
- Investors Count 24
All 10 funding rounds of Vayana 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 |
|---|---|---|---|---|---|
| Jun 2026 | Series D | – | – | ||
| Jun 2025 | $2.71M | Series D | – | SMBC Asia Rising Fund | |
| Jul 2024 | $20.5M | Series D | $234.7M | SMBC Asia Rising Fund | |
| Mar 2023 | $739,076 | Series C | $156.09M | Trifecta Capital | – |
| Mar 2023 | $6.57M | Series C | – | – | |
| Apr 2022 | $15M | Series C | $••••• | IFC, PayU | – |
| Nov 2021 | $38.08M | Series C | $••••• | Marshall Wace | |
| Aug 2020 | $148,763 | Series B | $••••• | Trifecta Capital | – |
| Oct 2019 | $4.05M | Series B | $••••• | Jungle Ventures, RSP India | |
| Jul 2017 | $4.14M | Series A | $••••• | Chiratae Ventures, Jungle Ventures |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2024 | $234.7M | •••••••• |
| Mar 2023 | $156.09M | •••••••• |
| Apr 2022 | $••••• | •••••••• |
| Nov 2021 | $••••• | •••••••• |
| Aug 2020 | $••••• | •••••••• |
| Oct 2019 | $••••• | •••••••• |
| Jul 2017 | $••••• | •••••••• |
Full valuation and stage history of Vayana
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $234.7M (Jul 2024). 24 investors in total: 18 institutional and 6 angel.
Investors in Vayana
Vayana has secured backing from 24 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include PayU, International Finance Corporation and Marshall Wace.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in early and growth-stage companies across Southeast Asia and India, focusing on technology sectors. | jungle.vc | |||
Venture capital fund focused on seed-stage startups | chiratae.com | Bengaluru, India | ||
IFC is focused on private sector development in emerging markets. | 1956 | ifc.org | ||
Early-stage tech startups in fintech and lending are invested in. | smbc-asiarising.vc | Singapore, Singapore | ||
Long-short equity strategies are managed through specialized hedge funds. | 1997 | mwam.com | London, United Kingdom | |
Venture capital firm investing in multiple sectors | marchcp.com | Santa Monica, United States | ||
Private debt and equity funds are managed for technology sectors. | trifectacapital.in | Gurugram, India | ||
Government agency focused on small and medium-sized businesses | 1948 | bii.co.uk | London, United Kingdom | |
Tech focused Venture Capital firm investing globally | idgventures.com | San Francisco, United States | ||
Stock broking services are offered by Deep Financial. | 2000 | deepfin.in | Mumbai, India |
Investor details for Vayana
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Vay Network Services Private Limited (Vayana)
Vay Network Services Private Limited is the primary company behind Vayana. The board of Vay Network Services Private Limited currently have 4 directors; the longest-serving is Ramaswamy Narayanan Iyer, appointed in 2016. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ramaswamy Narayanan Iyer DIN 00952570 | Director | 16 Jun 2016 | 10 yrs 4 mo | Vay Network Services Private Limited |
| Kannan Ramasamy DIN 02203865 | Director | 03 Jun 2017 | 9 yrs 4 mo | Vay Network Services Private Limited |
| Meenakshi Sundaram DIN 01096264 | Nominee Director | 03 Jul 2017 | 9 yrs 3 mo | Vay Network Services Private Limited |
| Manpreet Ratia DIN 08958383 | Nominee Director | 11 Nov 2020 | 5 yrs 11 mo | Vay Network Services Private Limited |
People of Vayana
66 people are tracked at Vayana (31 in leadership, 35 in team); the tracked headcount is 223.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership | |
Jyoti Sharma | Senior Vice President of Corporate Development | Leadership |
| Founder and CEO | Leadership | |
Prashanth Sriram | VP - Software Engineering | Leadership |
krishnan mahadevan | Head Network | Leadership |
Parthasarathi Patnaik | Chief Credit and Risk Officer | Leadership |
Sharon Batliwalla | Sr. Vice President Marketing | Leadership |
Thyagarajan Krishnamuthy eleven thousand plus connections | Head-Business Development | Leadership |
Shankar Patil | VP | Leadership |
Abhijeet Sadafule - CISA | Vice President | Leadership |
Rahul Khanna | Senior Vice President - Product and Operations (Invoice Financing) | Leadership |
Ashish Kumar | Vice President Enterprise Sales | Leadership |
Pradnya Nene | VP | Leadership |
Vineet Mago | VP, Engineering | Leadership |
Somil Nanda | Senior Vice President Engineering Operations | Leadership |
Ravi Bansal | Vp-credit Administration And Portfolio Management | Leadership |
Shrinivas Deshpande | Assistant Vice President | Leadership |
Nihar Ranjan Singh | Assistant Vice President - Emerging Technology Platforms | Leadership |
Vinod Parmar | EVP & Head Sales | Leadership |
Sanjay Phadke | EVP & Head - Global Platforms, Alliances & FI Business | Leadership |
46 more people are available in the full profile.
Complete people profiles for Vayana
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Vayana
Figures of Vay Network Services Private Limited, the primary company behind Vayana, for FY 2024. Revenue was ₹122 Cr (+27% year on year). Net loss was -₹110 Cr (-72% margin). EBITDA was -₹96.78 Cr (-63% margin). Revenue has grown at a compounded annual rate of +66% over three years and +74% over five years.
- ₹122 CrRevenue · FY 2024 · +27% YoY
- -₹110 CrNet loss · -72% margin
- -₹96.78 CrEBITDA · -63% margin
- ₹3.05 CrPaid-up capital
- 223Employees (provident fund records)
- +66%Revenue CAGR, 3 years
- +74%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Vay Network Services Private Limited are on its company page.
Detailed financial statements for Vayana
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Investments & Acquisitions by Vayana
Vayana has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include SahiGST.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cloud-based GST compliance and tax management solutions for businesses | sahigst.com | Pune, India | 2016 | May 2018 | •••• |
Complete acquisition details for Vayana
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Timeline of Vayana
5 dated milestones of Vayana across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Vayana is founded.
- Funding First funding round of $4.1M.
- Milestone Reaches Minicorn status.
- Acquisition Acquires SahiGST.
- Funding Latest funding round, Series D,.
Competitors of Vayana
Vayana has 3 listed competitors in our database, 3 of them funded. They include KredX, Veefin 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. | |
| veefin.com | 2020 | Mumbai, India | $3M | 25 | SaaS-based supply chain financing solutions are delivered globally. | |
| cashflo.io | 2019 | Mumbai, India | $12.77M | 54 | Provider of accounts payable automation, payment, compliance, and vendor management software |
Detailed competitors of Vayana
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Web traffic of Vayana
The website of Vayana (vayana.com) receives about 10.8K visits a month and ranks #2,008,755 among all websites worldwide, #4,768 in Accounting and Auditing.
- Monthly visits10.8K
▲ 28.9% vs previous month
- Unique visitors3.7K
per month
- Global rank#2,008,755
among all websites
- Category rank#4,768
Finance · Accounting and Auditing
- Bounce rate57%
- Pages per visit3.5
- Average visit53 sec
- DevicesDesktop 47% · Mobile 53%
Websites whose visitors overlap most with Vayana. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
taxpro.co.in | taxpro.co.in | 100% | #2,339,887 | – | |
einv-apisandbox.nic.in | einv-apisandbox.nic.in | 84% | #984,098 | – | |
| gstzen.in | 84% | 160.3K | #190,280 | View details | |
| gtreview.com | 52% | 98.5K | #415,070 | View details | |
| apisetu.gov.in | 50% | 74.7K | #520,735 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for Vayana
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Top companies in Procurement & Supply Chain IT
2 companies that operate in the same segment as Vayana (Procurement & Supply Chain IT) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of supply chain financing solutions for small and medium enterprises | 2017 | Mumbai, Maharashtra, India | USD 269.95 M | USD 48.5 M | 1,506 | |
Provider of working capital and supply chain finance solutions for businesses | 2017 | Mumbai, Maharashtra, India | USD 62 M | USD 2.85 M | 181 |
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Related news about Vayana
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Frequently Asked Questions about Vayana
Vayana was founded in 2009 and raised its 1st funding round 8 years after it was founded.
Vayana is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Ramaswamy N Iyer is the CEO of Vayana, as recorded in our data. They have also founded this company.
Vayana is a funded company, having raised a total of $91.94M across 10 funding rounds to date. The company's 1st funding round was a Series A of $4.14M, raised on Jul 2017.
Vayana has 223 employees.
The primary company behind Vayana, Vay Network Services Private Limited, reported revenue of ₹122 Cr for FY 2024, up 27% year on year.
Founded in 2009 and based in Pune, India, Vayana operates in the fintech sector focused on supply chain finance. Transactions between buyers and sellers are digitally authenticated through its platform, enabling financial institutions to offer lending with lower risk and costs. Credit programs are structured in partnership with banks for supply chain entities. Services encompass receivables and payables financing, compliance tools, analytics, and application programming interfaces.
Vayana offers Supply Chain Finance, GST-API Services, Cash Flow Compliance, Receivables Financing, and Payables Financing.
Vayana has made 1 acquisition, including SahiGST.
Vayana has 24 investors. Key investors include PayU, International Finance Corporation, Marshall Wace, BKT Tires, and RSP India.
The valuation of Vayana is $234.7M as of Jul 2024.