# Priority Vendor Technologies Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/priority-vendor-technologies-pvt

- Industry: Software
- Headquarters: Noida, India
- Website: www.priorityvendor.com
- Total disclosed funding: $4.1M
- Latest round: Series A (Aug 14, 2017)
- Investors on record: 1

## About

Established in 2014 and based in Uttar Pradesh, India, Priority Vendor Technologies Pvt. Ltd operates as a provider of working capital solutions to the supply chain industry. The company was founded by Kunal Agarwal and Nipun Kohli. As of 2021, the company operates as an unlisted private company and employs more than 100 employees. In 2019, C2FO,  a US-based fintech firm acquired Priority Vendor.

Priority Vendor offers a cloud-based platform that optimizes the cash discounting process between small and medium enterprise vendors and large enterprises (buyers). The platform uses an artificial intelligence-powered algorithm to maximizes buyer savings and enables the vendor to receive early payment from buyers, shortening the working capital cycle. The platform performs by providing buyers invoices to the supplier and allows them to negotiate to give discounts to the buyers which in return will help suppliers to accelerate their sales and receivables. The company’s platform has a user base of over 75 corporate companies and 85,000 suppliers which includes Jubilant FoodWorks Ltd, Godrej Consumer Products Ltd, Dabur India Ltd, and Marico Ltd.
 
For the financial year ended on 31 March 2019, Priority Vendor generated operating revenue in the range of INR 10 million - 1000 million with an EBITDA of -106.95% and a book net worth of -28.01 %.

## Funding rounds

- Series A, Aug 14, 2017, $4.1M — Lightspeed Venture Partners

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A