India, Nov. 27 -- Business accounting startup Vyapar has acquired AI-driven accounting automation startup Suvit to strengthen digital compliance solutions for Indian MSMEs.

Following the acquisition, Suvit founder Ankit Virani will join Vyapar as a business head, overseeing the integration of automation offerings into the broader Vyapar ecosystem, the startups said in a statement. However, it didn't disclose the financial terms of the deal.

Founded in 2016 by Sumit Agarwal, Ruqiya Irum and Shubham Agrawal, Vyapar offers accounting and inventory management for small businesses.

The Bengaluru-based SaaS startup helps MSMEs deal with invoicing, inventory, accounting, compliance requirements, among others. It competes with the likes of Cle...