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, 2026

Where does Suvit rank among its competitors?

Suvit ranks 39th amongst 3009 active competitors, of which 241 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Ramp, which secured $1.85B in Oct, 2026.

Who are the top competitors of Suvit?

Suvit's top competitors include Ramp, Vyapar and FreeAgent. Among them, Ramp secured the most recent funding round in October, 2026.

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

Suvit is an acquired company based in Surat (India), founded in 2021 by Ankit Virani and Kalpesh Zalavadiya. It operates as an AI and SaaS-based suite solution provider for finance and accounting. Suvit has raised $601K in funding from Vyapar, with last known valuation of ₹*****. The company has 3009 active competitors, including 241 funded and 180 that have exited. Its top competitors include companies like Ramp, Vyapar and FreeAgent.

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

39^th among 3009 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2026

Employee Count

46 as on Jul 31, 2025

Similar Companies

Vyapar & 3205 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	Reports
SUVIT FINTECH PRIVATE LIMITED CIN: U72900GJ2022PTC129610 , India, Active	Feb 23, 2022	0 - ₹10 Cr (As on Mar 31, 2026)	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	5108047	Seed	8646438	8766278	4822698	9241458
Sep 08, 2023	7735508	Angel	5520334	4820921	1631823	3479898
Jan 28, 2023	3413618	Angel	6390359	8839585	Grishma Bhumin Vithani	7986519

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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
{dyprmy	Team	-	Past	9y 6m
Sumit Agarwal	Independent board member	-	Current	2y 1m
b{htrzj	Independent board member	-	Past	9y 4m

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 Ramp, Vyapar and FreeAgent. 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	Ramp 2019, New York City (United States), Series G	Provider of a platform for spend management, corporate cards, and payables	$5.07B	Founders Fund, Sands Capital & 78 others	85/100
2nd	Vyapar 2017, Bengaluru (India), Series B	Developer of software for business accounting and inventory management tasks	$35.9M	WestBridge Capital, India Quotient & 15 others	81/100
3rd	FreeAgent 2007, Edinburgh (United Kingdom), Acquired	Cloud-based accounting software for small businesses, freelancers, and accountants	$21.9M	Iris Software, SM TRUST & 23 others	80/100
4th	Intuit 1983, Mountain View (United States), Public	Provider of financial, accounting, tax preparation, and marketing automation software	-	Europa, Alcor Fund & 25 others	79/100
5th	Pennylane 2020, Paris (France), Series E	Cloud-based financial management and accounting software platform	$442M	DST Global, Sequoia Capital & 9 others	78/100
6th	ContaAzul 2012, Joinville (Brazil), Acquired	Online accounting and invoicing solutions for SMBs	$40.9M	Ribbit Capital, 500 Global & 5 others	76/100
7th	Zoho 1996, Chennai (India), Unfunded	Provider of cloud-based business software suite for diverse operational requirements	-	-	76/100
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 & 48 others	75/100
9th	Wave 2010, Toronto (Canada), Acquired	Web-based accounting software for businesses	$82.4M	CRV, BDC & 20 others	74/100
10th	Deltek 1983, Herndon (United States), Acquired	Cloud based enterprise resource planning software provider for multi industries	$107M	Prospect Capital, New Mountain Capital & 3 others	74/100
39th	Suvit 2021, Surat (India), Acquired	AI and SaaS-based suite solution provider for finance and accounting	$601K	Dholakia Ventures, Vyapar & 5 others	60/100

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SUVIT FINTECH PRIVATE LIMITED, the legal entity associated with Suvit, generated less than ₹10 Cr in revenue for the financial year ending on Mar 31, 2026. The revenue of SUVIT FINTECH PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 112% in the last 1 year.

Financial Statement Summary

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22
Income Statement
Revenue	2786	4891	4477	3032	4190
Total Sales	5140	5085	6998	5648	5499
Total Expenses	9124	7963	5702	7936	9818
Operating Expenses	8298	9090	2616	6675	4372
Employee Expenses	4362	8930	6001	6343	1026
Operating Income (EBIT)	3534	7750	2635	1771	5843
Interest Expenses	5677	9363	7143	3041	4791
Expenses from other activities	6898	3718	3940	1694	1268
EBITDA	9610	7643	5610	4660	2683
Taxes	4676	7772	3583	3669	9096
Net Profit	2670	4455	3594	1567	4368
Balance Sheet
Assets	6921	8150	5095	8542	7056
Accounts Receivables	5534	3935	9368	1562	3791
Inventory	5382	9816	9211	7826	6999
Liabilities	5772	1277	5851	9043	8787
Total Debt	1791	9569	4655	6429	8195
Accounts Payable	4410	1708	6007	2785	5963
Equities	6048	8972	8925	8269	5328

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

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. The cap table displayed below is for SUVIT FINTECH PRIVATE LIMITED which is the legal entity associated with Suvit.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	54.95%	11.8Cr	6012558	4707321	4600509	7042498
Ankit Virani	7114708	8175163	4510459	3388172	2985756	6730345
Fund	8.58%	1.84Cr	5466806	6738163	8698230	1278089
Enterprise	21.00%	4.5Cr	7932324	9753160	9656960	7294580
Angel	4.01%	86L	6284	4937	7780	3190
Grishma Bhumin Vithani	5	2	3	6	8	2
Other People	3.56%	76.2L	934	748	235	273
ESOP Pool	7.90%	1.69Cr	8175721	4187513	7857174	2381648
Total	100.00%	21.4Cr	9860746	6299532	6005927	9739871