Pune-based fintech company Vayana Network has acquired SahiGST, a startup offering cloud-based GST return filing and compliance solutions, to enhance its portfolio offerings in the GST and E-Way Bill space.
SahiGST will enhance the service offerings for Vayana’s customers while keeping the existing features of the products and license the same. Post-acquisition, SahiGST will be held as a portfolio product of Vayana GSP and its existing clients will be serviced seamlessly with support from Vayana GSP.
Also, the acquisition will provide linear business integration for Vayana by including SahiGST into its GST and E-Way bill compliance related offerings.
Commenting on the development, R N Iyer, Founder and CEO of Vayana Network, said, “With this acquisition, we intend to get closer to our existing customers by providing an end-to-end solution related to GST and E-Way bill compliance as well as short-term trade financing.”
Founded in 2016 by Dinesh Tejwani, Annkur Agarwal, Dhruv Patel, Tirthesh Ganatra and Keyur Shah, SahiGST enables submission of GST returns to GSTN via APIs for its customers.
The software solution of SahiGST is used by Chartered Accountants (CAs), Corporates and Small & Medium Enterprises (SMEs) in India. Tirthesh Ganatra joins Vayana post this acquisition.