When was Suvit founded?

Suvit was founded in 2021 and raised its 1st funding round 2 years after it was founded.

Where is Suvit located?

Suvit is headquartered in Surat, India. It is registered at 9TH FL., OFFICE-901 TO 906, 919 TO 926 INFINITY TOWER, LAL DARWAJA, STATION RD, Surat, SURAT, Gujarat, India, 395003.

Which legal entities is Suvit associated with?

Suvit is associated with SUVIT FINTECH PRIVATE LIMITED.

How many employees does Suvit have?

As of Jul 31, 2025, the latest employee count at Suvit is 46.

Is Suvit a funded company?

Suvit is a funded company, having raised a total of $601K across 3 funding rounds to date. The company's 1st funding round was a ₹***** Angel round, raised on Jan 28, 2023.

How much is Suvit worth?

The last known valuation of Suvit was ₹***** as of Jul 08, 2024.

When was the latest funding round of Suvit?

Suvit's latest funding was a ₹***** Seed round on Jul 08, 2024, with participation from 1 investor.

What is the annual revenue of Suvit?

Annual revenue of Suvit is less than ₹10 Cr as on Mar 31, 2025

Where does Suvit rank among its competitors?

Suvit ranks 29th amongst 2946 active competitors, of which 204 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Pennylane, which secured $205M in Jan, 2026.

Who are the top competitors of Suvit?

Suvit's top competitors include Intuit, Deltek and Pennylane. Among them, Pennylane secured the most recent funding round in January, 2026.

Suvit - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

AI-powered accounting automation software for tax professionals. It automates data entry, document management, report generation, GST reconciliation, and client management. The software integrates with various accounting programs, providing a centralized platform for managing financial data and operations. It aims to streamline accounting processes, reduce manual work, and improve efficiency for accountants and tax experts. Features include secure data storage, mobile access, and insightful analytics. GST reconcillation, client management and more. It is a tool available on the subscription based pricing model.

Website: www.suvit.io/
Social
Email ID: *****@suvit.io
Phone Number: +91 **********
Registered Address: 9TH FL., OFFICE-901 TO 906, 919 TO 926 INFINITY TOWER, LAL DARWAJA, STATION RD, Surat, SURAT, Gujarat, India, 395003

Key Metrics

Founded Year

2021

Location

Surat, India

Stage

Acquired

Total Funding

$601K in 3 rounds

Latest Funding Round

Seed, Jul 08, 2024, ₹*****

Last Known Valuation

₹***** as on Jul 08, 2024

Investors

Vyapar & 6 more

Ranked

29^th among 2946 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

46 as on Jul 31, 2025

Similar Companies

Intuit & 3645 more

Exit Details

Acquired by Vyapar (Nov 27, 2025)

View Suvit's full profile

Suvit is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SUVIT FINTECH PRIVATE LIMITED CIN: U72900GJ2022PTC129610 , India, Active	Feb 23, 2022	0 - ₹10 Cr (As on Mar 31, 2025)	45 (As on Aug 01, 2025)

Suvit got acquired by Vyapar on Nov 27, 2025.

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

Suvit has raised a total funding of $601K over 3 rounds. Its first funding round was on Jan 28, 2023. Its latest funding round was a Seed round on Jul 08, 2024 for ₹*****. 1 investor participated in its latest round. Suvit has 2 institutional investors and 5 angel investors.

Here is the list of recent funding rounds of Suvit:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 08, 2024	7557655	Seed	2408721	4718589	7530911	2281424
Sep 08, 2023	7801230	Angel	4618582	8684579	1817770	1413570
Jan 28, 2023	2121534	Angel	3410667	5715161	Grishma Bhumin Vithani	7249875

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View details of Suvit's funding rounds and investors

The founders of Suvit are Ankit Virani and Kalpesh Zalavadiya.

Here are the details of Suvit's key team members:

Ankit Virani: Co-Founder of Suvit and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 1 email address
Kalpesh Zalavadiya: Former Co-Founder of Suvit.
Contact Info: 1 email address

Suvit's Board of Directors

Suvit's board has 3 active members. Ankit Virani is part of team and Hitesh Harishbhai Kakadia and Sumit Agarwal are independent board members.

Here is the list of Suvit's board of directors:

Name	Type	Representing	Status	Duration
rpqmubf	Team	-	Past	9y 6m
Sumit Agarwal	Independent board member	-	Current	1y 11m
jqnofci	Independent board member	-	Past	1y 9m

View details of Suvit's Founder profiles and Board Members

Suvit's employee count trend

Suvit has 46 employees as of Jul 25. The total employee count is 188.0% more than what it was in Jul 24. Here is Suvit's employee count trend over the years:

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Top competitors of Suvit include Intuit, Deltek and Pennylane. Here is the list of Top 10 competitors of Suvit, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Intuit 1983, Mountain View (United States), Public	Provider of financial, accounting, tax preparation, and marketing automation software	-	Alcor Fund, Shasta Ventures & 25 others	83/100
2nd	Deltek 1983, Herndon (United States), Acquired	Cloud based enterprise resource planning software provider for multi industries	$107M	Prospect Capital, WP Global Partners & 3 others	81/100
3rd	Pennylane 2020, Paris (France), Series E	Cloud-based financial management and accounting software platform	$442M	DST Global, Sequoia Capital & 9 others	79/100
4th	ContaAzul 2012, Joinville (Brazil), Acquired	Online accounting and invoicing solutions for SMBs	$40.9M	Ribbit Capital, 500 Global & 5 others	77/100
5th	FreeAgent 2007, Edinburgh (United Kingdom), Acquired	Cloud-based accounting software for small businesses, freelancers, and accountants	$21.9M	Iris Software, SM TRUST & 22 others	76/100
6th	Xero 2006, Wellington (New Zealand), Public	Provider of accounting software and related tools for business management	-	Hurlingham Partners, AMCIL & 9 others	75/100
7th	Wave 2010, Toronto (Canada), Acquired	Web-based accounting software for businesses	$82.4M	CRV, BDC & 20 others	74/100
8th	Sage 1981, Newcastle Upon Tyne (United Kingdom), Public	Provider of cloud-based enterprise software solutions for accounting, finance, and people management	-	91Springboard, Itz Cash Card & 46 others	70/100
9th	Anna 2017, London (United Kingdom), Acquired	Cloud-based accounting management solutions for businesses	$88.3M	Kinetik, Flashpoint & 67 others	68/100
10th	Denim 2014, New York City (United States), Acquired	Provider of financial technology solutions for freight businesses	$67.9M	Anthemis Group, Techstars & 18 others	68/100
29th	Suvit 2021, Surat (India), Acquired	AI and SaaS-based suite solution provider for finance and accounting	$601K	Dholakia Ventures, Vyapar & 5 others	59/100

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Founders (largest shareholder) own 54.95%, Funds own 8.58%, Enterprises own 21.00% and Angels own 4.01%. The net worth of Suvit's founders is INR 11.8Cr as of Jul 08, 2024.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	54.95%	11.8Cr	4088657	4072566	3858652	7076318
Ankit Virani	5174331	5019795	8326566	8456026	9423392	3208933
Fund	8.58%	1.84Cr	6800864	3348528	8579368	8414645
Enterprise	21.00%	4.5Cr	3184055	9080424	7526398	3126943
Angel	4.01%	86L	1891	9193	3201	9567
Grishma Bhumin Vithani	1	2	8	1	5	5
Other People	3.56%	76.2L	191	987	739	491
ESOP Pool	7.90%	1.69Cr	4782071	1385259	7852305	6926938
Total	100.00%	21.4Cr	7573924	8742611	2873382	2612827