When was Invoice Bazaar founded?

Invoice Bazaar was founded in 2016 and raised its 1st funding round within a year of its incorporation.

Where is Invoice Bazaar located?

Invoice Bazaar is headquartered in Dubai, United Arab Emirates. It is registered at 148, ROYAL SHELTER LAYOUT DEVARACHIKKANAHALLI, BOMMANAHALLI, Bangalore, BANGALORE, Karnataka, India, 560076.

Which legal entities is Invoice Bazaar associated with?

Invoice Bazaar is associated with ECIOVNI TECHNOLOGIES PRIVATE LIMITED.

How many employees does Invoice Bazaar have?

As of Sep 30, 2026, the latest employee count at Invoice Bazaar is 1.

Is Invoice Bazaar a funded company?

Invoice Bazaar is a funded company, having raised a total of $6.1M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Nov 21, 2016.

When was the latest funding round of Invoice Bazaar?

Invoice Bazaar's latest funding was a $***** Series A round on Oct 25, 2017, with participation from 1 investor.

What is the annual revenue of Invoice Bazaar?

Annual revenue of Invoice Bazaar is less than ₹10 Cr as on Mar 31, 2020

Where does Invoice Bazaar rank among its competitors?

Invoice Bazaar ranks 3rd amongst 8 active competitors, of which 2 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Comfi, which secured $65M in Apr, 2026.

Who are the top competitors of Invoice Bazaar?

Invoice Bazaar's top competitors include Veefin, Comfi and Traxpay. Among them, Comfi secured the most recent funding round in April, 2026.

Invoice Bazaar - 2026 Company Profile, Team, Funding, Competitors & Financials

Q: Is Invoice Bazaar an acquired company?

Invoice Bazaar got acquired by Triterras on May 17, 2021.

Invoice Bazaar is an acquired company based in Dubai (United Arab Emirates), founded in 2016 by Ashok Balasubramanian. It operates as an Online marketplace for business loans. Invoice Bazaar has raised $6.1M in funding from Advance Global Capital. The company has 8 active competitors, including 2 funded and 3 that have exited. Its top competitors include companies like Veefin, Comfi and Traxpay.

Company Details

InvoiceBazaar is an online marketplace for business loans. It features invoice discounting, early payments, invoice approval by suppliers, early payment processing by the bank, and more. It offers loans such as invoice financing, payment gateway financing, inventory financing, and more.

Website: invoicebazaar.com
Social
Email ID: *****@invoicebazaar.com
Registered Address: 148, ROYAL SHELTER LAYOUT DEVARACHIKKANAHALLI, BOMMANAHALLI, Bangalore, BANGALORE, Karnataka, India, 560076

Key Metrics

Founded Year

2016

Location

Dubai, United Arab Emirates

Stage

Acquired

Total Funding

$6.1M in 3 rounds

Latest Funding Round

Series A, Oct 25, 2017, $*****

Investors

Advance Global Capital & 2 more

Ranked

3^rd among 8 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2020

Employee Count

1 as on Sep 30, 2026

Investment & Acquisitions

ODeX

Similar Companies

Taulia & 191 more

Exit Details

Acquired by Triterras (May 17, 2021)

View Invoice Bazaar's full profile

Invoice Bazaar is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
ECIOVNI TECHNOLOGIES PRIVATE LIMITED CIN: U74999KA2017PTC101409 , India, Strike off	Mar 16, 2017	0 - ₹10 Cr (As on Mar 31, 2020)	-

Invoice Bazaar got acquired by Triterras on May 17, 2021 at an acquisition amount of $*****.

Click here to take a look at Invoice Bazaar's acquisition in detail

Invoice Bazaar has raised a total funding of $6.1M over 3 rounds. Its first funding round was on Nov 21, 2016. Its latest funding round was a Series A round on Oct 25, 2017 for $*****. 1 investor participated in its latest round. Invoice Bazaar has 1 institutional investor and 2 angel investors.

Here is the list of recent funding rounds of Invoice Bazaar:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 25, 2017	9750669	Series A	6443167	2458878	4790555	9713286
May 09, 2017	6366238	Angel	8051829	4768726	1034808	8564445
Nov 21, 2016	8389720	Seed	5446090	6061585	Advance Global Capital	2580484

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View details of Invoice Bazaar's funding rounds and investors

The founders of Invoice Bazaar is Ashok Balasubramanian.

Here are the details of Invoice Bazaar's key team members:

Ashok Balasubramanian: Co-Founder of Invoice Bazaar.
Contact Info: 1 email address

Invoice Bazaar's Board of Directors

Invoice Bazaar's board has 3 active members. Sumit Rungta and Deepak KS are part of team and Rahul Arun Muley is independent board member.

Here is the list of Invoice Bazaar's board of directors:

Name	Type	Representing	Status	Duration
Sumit Rungta	Team	-	Current	7y 5m
Deepak KS	Team	-	Current	9y 5m
Rahul Arun Muley	Independent board member	-	Current	9y 4m
{{seioy	Independent board member	-	Past	9y 4m

View details of Invoice Bazaar's Founder profiles and Board Members

Invoice Bazaar's employee count trend

Invoice Bazaar has 1 employees as of Sep 26. Here is Invoice Bazaar's employee count trend over the years:

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Top competitors of Invoice Bazaar include Veefin, Comfi and Traxpay. Here is the list of Top 10 competitors of Invoice Bazaar, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Veefin 2020, Mumbai (India), Public	Provider of supply chain finance technology and digital lending solutions	$3M	GTR Ventures & 6 others	56/100
2nd	Comfi 2023, Dubai (United Arab Emirates), Seed	Provider of invoice discounting and buy now pay later services	$65M	Iliad Partners, 500 Global & 4 others	53/100
3rd	Invoice Bazaar 2016, Dubai (United Arab Emirates), Acquired	Online marketplace for business loans	$6.1M	Advance Global Capital & 2 others	43/100
4th	Traxpay 2009, Frankfurt Am Main (Germany), Series C	Working capital management for businesses	$19M	Earlybird, neosfer & 7 others	43/100
5th	crossinx 2007, Frankfurt Am Main (Germany), Acquired	E-invoicing & supply chain financing solutions	-	Nova Founders Capital, Komm Investment & 18 others	31/100
6th	Zelo 2020, Abu Dhabi (United Arab Emirates), Unfunded	Provider of financing solutions for businesses using invoice and revenue models	-	-	26/100
7th	Flusak 2021, Dubai (United Arab Emirates), Unfunded	Online platform for invoice financing	-	-	24/100
8th	iSCF Capital 2014, Dubai (United Arab Emirates), Unfunded	Online marketplace for supply chain financing	-	-	24/100