BillMart - About the company
BillMart is a seed company based in Mumbai (India), founded in 2021 by Jigish Sonagara and Sandeep Doshi. It operates as a Provider of digital bill discounting and trade finance solutions for MSMEs and corporates. BillMart has raised $1.33M in funding from Spacenet Enterprises and 9anium Tech, with a current valuation of ₹*****. The company has 445 active competitors, including 131 funded and 39 that have exited. Its top competitors include companies like Ebury, Vayana and Lianyirong Digital Technology Group.
Company Details
Provider of digital bill discounting and trade finance solutions for MSMEs and corporates. This entity offers a platform facilitating the discounting of invoices, enabling businesses to access quick funds at competitive interest rates. Services include supply chain finance, vendor finance, purchase bill discounting, and various other working capital solutions. The platform emphasizes a digital, time-saving process with in-depth data insights to support intelligent decision-making. It connects businesses with multiple financiers, offering access to a wider network of funding opportunities.
- Website
- billmart.com
- Social
- Email ID
- *****@billmart.com
- Registered Address
- 1102, 11th Floor, K.P. Aurum, CTS No.426A, K P Engg Compound, Marol Maroshi Road,An, dheri East, Mumbai City, Mumbai, Maharashtra, India, 400059
Key Metrics
Founded Year
2021
Location
Mumbai, India
Stage
Seed
Total Funding
$1.33M in 2 rounds
Latest Funding Round
Post Money Valuation
₹***** as on Feb 07, 2022
Investors
Ranked
29th among 445 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
41 as on Aug 31, 2025
Similar Companies
Legal entities associated with BillMart
BillMart is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
BILLMART FINTECH PRIVATE LIMITED CIN: U72900MH2021PTC367034 , India, Active | Sep 06, 2021 | 0 - ₹10 Cr (As on Mar 31, 2025) | 41 (As on Aug 31, 2025) |
Sign up to download BillMart's company profile
BillMart's funding and investors
BillMart has raised a total funding of $1.33M over 2 rounds. Its first funding round was on Oct 27, 2021. Its latest funding round was a Seed round on Jan 29, 2022 for $*****. 1 investor participated in its latest round. BillMart has 2 institutional investors.
Here is the list of recent funding rounds of BillMart:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 29, 2022 | 9586352 | Seed | 4619241 | 4640185 | 9981805 | 5736899 |
Oct 27, 2021 | 8043858 | Seed | 5807565 | 1545738 | 6698774 |
Access funding benchmarks and valuations. Sign up today!View details of BillMart's funding rounds and investors
BillMart's founders and board of directors
Founder? Claim ProfileThe founders of BillMart are Jigish Sonagara and Sandeep Doshi. Jigish Sonagara is the CEO of BillMart.
Here are the details of BillMart's key team members:
- Jigish Sonagara: Co-Founder & CEO of BillMart and founder of 1 other company. They serve on the boards of 2 companies.
- Sandeep Doshi: Co-Founder & Chief Operating Officer of BillMart. They serve on the board of 1 company.Contact Info: 1 phone number
BillMart's Board of Directors
BillMart's board has 5 active members. Jigish Sonagara and Jainam Vora are part of team and Sethurathnam Ravi ., Devender Singh Rawat (ds and Gautam Kirtikumar Shah are independent board members.Here is the list of BillMart's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
yjsjmix | Team | - | Past | 8y 9m |
amhmszu | Team | - | Past | 5y 8m |
ttcocis | Team | - | Past | 4y 2m |
yiuvciy | Independent board member | - | Past | 7y 7m |
gs{{ven | Independent board member | - | Past | 3y 6m |
fiwb{jr | Independent board member | - | Past | 3y 4m |
View details of BillMart's Founder profiles and Board Members
BillMart's employee count trend
BillMart has 41 employees as of Aug 25. The total employee count is 21.0% more than what it was in Aug 24. Here is BillMart's employee count trend over the years:
Uncover BillMart's growth story! Sign up today!
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
BillMart's Competitors and alternates
Top competitors of BillMart include Ebury, Vayana and Lianyirong Digital Technology Group. Here is the list of Top 10 competitors of BillMart, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Ebury 2009, London (United Kingdom), Acquired | Provider of global payment solutions, currency risk management, and business lending | $374M | 79/100 | |
2nd | Provider of a platform facilitating trade credit and supply chain finance | $91.9M | 64/100 | ||
3rd | Lianyirong Digital Technology Group 2016, Shenzhen (China), Public | Provider of an online marketplace for invoice financing | $265M | 64/100 | |
4th |  LSQ 1996, Orlando (United States), Acquired | Online marketplace for trade financing | $130M | 63/100 | |
5th | _1580727283460.png?devicePixelRatio=2&height=30&width=30){kind=logo} First Circle 2016, Taguig (Philippines), Series B | Online platform for trade financing | $37.1M | 61/100 | |
6th | Provider of supply chain digitization by ERP systems with embedded financing | $55.8M | 60/100 | ||
7th |  40Seas 2022, New York City (United States), Seed | Provider of AI-powered platform for automating receivables, collections, and payments | $17M | 59/100 | |
8th |  Candex 2011, San Francisco (United States), Series C | Online platform for invoice financing | $120M | 59/100 | |
9th | Provider of supply chain finance and automation solutions for enterprises | $33M | 59/100 | ||
10th | Operator of a digital platform for discounting trade receivables for businesses | - | - | 59/100 | |
29th | Provider of digital bill discounting and trade finance solutions for MSMEs and corporates | $1.33M | 52/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on BillMart's competitors? Click here to see the top ones
BillMart's Latest cap tables and shareholding
Founders own 16.00% and Enterprises (largest shareholder) own 84.00%. The net worth of BillMart's founders is INR 4.01Cr as of Feb 07, 2022.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 16.00% | 4.01Cr | 5470746 | 5909690 | 7859244 | 9551539 |
5280304 | 1791935 | 9399804 | 4243324 | 9703030 | 3272882 | |
Enterprise | 84.00% | 21.1Cr | 2210520 | 5492407 | 6104395 | 2574591 |
Total | 100.00% | 25.1Cr | 2533404 | 3499903 | 5807012 | 5924261 |
To unlock detailed Cap Table of BillMart Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of BillMart's Shareholding
BillMart's Investments and acquisitions
BillMart has made no investments or acquisitions yet.
News related to BillMart
Media has covered BillMart for 1 event in last 1 year, It was about company updates.
•
RBI Policy Outcome Comment by BillMart Fintech MD & CEO Ashok MittalBusiness News This Week•Aug 06, 2025•BillMart
•
BillMart Fintech & CMAI Partner to Simplify Trade Finance for Garment ManufacturersAsian News International•Mar 01, 2025•BillMart, CMAI
•
"BillMart Fintech" partners with "EQARO" to Boost Trade Finance with Credit Guarantee SolutionsBusiness Standard•Dec 27, 2024•BillMart, Eqaro Guarantees
•
"BillMart Fintech" partners with "EQARO" to Boost Trade Finance with Credit Guarantee SolutionsAsian News International•Dec 27, 2024•BillMart, Eqaro Guarantees
•
BillMart Fintech Receives "Dominant LendTech of the Year" AwardBusiness Standard•Nov 26, 2024•BillMart
•
BillMart Fintech Receives "Dominant LendTech of the Year" AwardAsian News International•Nov 26, 2024•BillMart
•
Spacenet to upscale its investment in the Mumbai-based fintech startup, Billmart.comAsian News International•Feb 13, 2024•Space Net, BillMart
•
Spacenet Board approves to increase its stake in fintech company Billmart.comAsian News International•Aug 17, 2023•Spacenet Enterprises, BillMart
•
Spacenet Enterprises to acquire 10% stake of Billmart at Rs401 per equity shareIndia Infoline•Jan 31, 2022•Spacenet Enterprises, BillMart
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
FAQs about BillMart
Explore our recently published companies
- Jamajka-Etc - Unfunded company
- Kelly4Travel - Unfunded company
- 4Ukvisas - 2009 founded, Unfunded company
- Cloudtravel - 2015 founded, Unfunded company
- Rasktravel - 2010 founded, Unfunded company
- Coretravel - 2016 founded, Unfunded company
