M&A M&A
Vyapar acquires accounting software startup Suvit
Source Inc42 (opens in a new tab)
Bengaluru-based business accounting startup Vyapar has acquired Surat-based Suvit , an AI-driven accounting automation startup, to enhance digital compliance solutions for Indian MSMEs (micro, small and medium enterprises). Ankit Virani, Suvit's founder, will join Vyapar as business head.Founded in 2022 by Ankit Virani and Kalpesh Zalavadiya, Suvit provides AI-enabled pre-accounting, GST reconciliation, and advanced compliance solutions to chartered accountants and MSMEs. It claims to serve over 10,000 firms and 30,000 accountants.