Valyx, an AI-powered B2B revenue & receivables automation platform has raised $800K in a pre-seed funding round. The investment was co-led by Huddle Ventures and Waveform Ventures to optimise receivables for fast-growing companies.
The round also saw participation from notable investors including Bharat Founders Fund and Propell Fund (LetsVenture’s in-house VC fund led by Shanti Mohan).
The startup plans to allocate the raised capital towards attracting and onboarding exceptional talent for its sales team, as well as expanding its engineering team to accelerate its product roadmap.
Founded in late 2023, Valyx automates billing and receivables thus accelerating payments, expediting financial close, and improving cash flow for businesses. The startup has processed more than ₹200 crore in accounts receivable.
Over the next two years, the startup intends to build a full-stack AI-powered revenue management platform that includes B2B payments and financing.
The Bangalore-based startup was founded by Avishek Ray and Anirudh Bhargava, who bring extensive expertise in revenue automation, receivables management and business payments. The Founders bring extensive experience from leadership roles at industry giants like Stripe, Amazon, SAP, Morgan Stanley, and Deloitte.
Speaking about the startup’s core problem statement, Avishek Ray, Founder, Valyx said, “At Valyx, we’re addressing a critical pain point in financial operations. Many businesses, regardless of their size or complexity, struggle with time-consuming, repetitive tasks in managing their revenue & receivables. Our vision is to liberate finance and sales teams from these daily burdens. We’re eliminating the need for manual Excel to track contracts & calculate usage, manual follow-ups, tedious bank statement downloads, and the frustration of searching through multiple tools, emails, and sheets to identify which customers require attention. By leveraging artificial intelligence, customisable workflows, and integrations with ERP, payments and internal systems, Valyx automates the billing & receivables flow. Our platform enables businesses to get paid up to 30% faster and close their books more efficiently.”
Commenting on their investment in Valyx, Ishaan Khosla, Partner, Huddle Ventures said, “Solving for receivables management opens up an entire world of possibilities within the cash flow management suite for Valyx. Mid-market and enterprise clients are eager to optimise their manual collections workflow with Valyx, and we’re excited about their growth journey from hereon.”
Rahul Mandowara, Finance Director at Fynd.com (a Reliance portfolio company), shares, “Previously we would send hundreds of collection emails manually and now that’s all thankfully gone! Valyx allowed us to personalise and automate our collection follow-up saving many hours for our finance team while ensuring timely follow-ups.”
