• Vyapar acquires AI-led accounting automation platform Suvit to enhance its digital accounting and compliance suite.
• Suvit co-founder Ankit Virani will join Vyapar to lead the integration of Suvit’s automation and AI capabilities.
• The deal aims to strengthen MSME compliance workflows and accelerate adoption of AI-driven accounting solutions across India.

Vyapar, a leading business accounting software company, has acquired Suvit, an AI-driven accounting automation startup, to enhance its digital compliance and automation solutions for Indian MSMEs. The company did not disclose the deal value.

As part of the acquisition, Suvit Co-Founder Ankit Virani will join Vyapar as a business head. He will oversee how Suvit’s automation tools are integrated into Vyapar’s platform, aiming to deliver faster, more accurate, and more seamless accounting workflows for businesses and professionals.

Founded in 2016 by Sumit Agarwal, Ruqiya Irum, and Shubham Agrawal, Vyapar offers mobile and desktop software that helps MSMEs manage invoicing, inventory, accounting, and compliance tasks. The company claims to have served over one crore MSMEs since its launch, making it one of the most widely used accounting solutions in the segment.

Suvit, launched in 2022 by Ankit Virani and Kalpesh Zalavadiya, provides AI-powered tools designed for chartered accountants and tax professionals. The platform helps streamline tasks across taxation, accounting, banking, and auditing, reducing manual work and improving accuracy. Suvit says it serves 10,000+ practicing firms and more than 30,000 accountants.

Also Read: PM Modi Unveils Skyroot's Vikram-I, India's First Private Orbital Rocket

Vyapar said the combined capabilities will help both MSMEs and tax practitioners improve operational efficiency and access stronger compliance features. The integration also aligns with the growing adoption of SaaS and AI-based accounting across the country.

India’s accounting software market was valued at $3.38 billion in 2024, and industry reports estimate it will reach $5.75 billion by 2030. Vyapar competes with players like Clear and SahiGST as the sector continues to grow quickly.