# Swipe

**Source:** https://geo.sig.ai/brands/swipe  
**Vertical:** Finance  
**Subcategory:** Accounting Software  
**Tier:** Challenger  
**Website:** getswipe.in  
**Last Updated:** 2026-04-14

## Summary

Hyderabad India YC W20 GST billing and accounting for SMEs at ₹3.81Cr revenue Mar 2024 with 65 employees; $2M seed (YC/Global Founders/Soma 2022) processing $30M+ transactions at 100% MoM growth competing with ClearTax and Vyapar for Indian SME compliance.

## Company Overview

Swipe is a Hyderabad, India-based GST billing and accounting platform for Indian SMEs — backed by Y Combinator (W20) with $2.04 million in total funding including a $2 million seed in February 2022 led by Y Combinator with Global Founders Capital, Soma Capital, Duro Ventures, and others — providing small and medium enterprises with a SaaS application for GST-compliant invoicing, inventory management, payment collection, and financial reporting that simplifies the compliance and accounting overhead of India's Goods and Services Tax system. Founded in 2021 by Sri Teja Allaparthi and Aditya Vemuganti, Swipe generated ₹3.81 crore ($450,000) in annual revenue as of March 2024 with 65 employees, processing over $30 million in transactions with 100% month-over-month growth.

Swipe's GST billing platform addresses the compliance complexity that GST introduced for India's 63 million registered SME businesses: when India unified its tax system under GST in 2017, every business was required to generate GST-compliant invoices (with HSN/SAC codes for each product/service, correct GSTIN on invoices, accurate tax rate calculations for CGST/SGST/IGST based on intra-state versus inter-state transactions), file monthly/quarterly returns (GSTR-1, GSTR-3B) through the GST portal, and reconcile input tax credits. This compliance burden requires either expensive CA support or dedicated accounting software — creating a large market for SME-priced GST billing tools. Swipe's mobile-first interface (built for the Indian SME owner who runs their business from a smartphone) enables invoice creation, GST calculation, inventory updates, and payment link generation in a single workflow. The $30M+ transaction processing volume validates the commercial activity flowing through the platform.

In 2025, Swipe competes in the India SME GST billing, invoicing, and accounting software market with Zoho Books (integrated accounting, Zoho's SME product, $1B+ revenue), ClearTax (tax filing and GST compliance, $100M raised at $1B valuation), and Vyapar (SME billing app, bootstrapped, $40M ARR) for Indian small business GST billing and accounting software adoption. Y Combinator W20 backing and the Hyderabad founding (India's second-largest tech hub) position Swipe within the India fintech and SME SaaS investment community. The 100% month-over-month growth (as of March 2024) reflects strong organic adoption driven by the mandatory GST compliance requirements that create market pull regardless of sales effort. The 2025 strategy focuses on growing the paid subscription base by adding credit and financing products (GST data-backed working capital loans for Swipe SME customers), expanding the inventory management for wholesalers and distributors with multi-warehouse operations, and building the e-invoicing integration for India's mandatory e-invoice system for larger turnover SMEs.

## Frequently Asked Questions

### What is Swipe?
Swipe is a SaaS-based GST billing and accounting app designed for small and medium enterprises (SMEs) in India. Founded in 2021 and backed by Y Combinator (W20), it simplifies invoicing, inventory management, and financial reporting for Indian businesses.

### What products and services does Swipe offer?
Swipe offers GST billing software, accounting automation, invoice generation, inventory management, and expense tracking. These solutions are specifically designed to help Indian SMEs manage their financial operations and comply with GST requirements.

### Who is Swipe designed for?
Swipe is designed for small and medium enterprises (SMEs) in India. The platform specifically targets businesses that need to manage GST billing, accounting, and financial reporting.

### When was Swipe founded and by whom?
Swipe was founded in 2021 by Sri Teja Allaparthi and Aditya Vemuganti. The company was part of Y Combinator's W20 batch.

### Where is Swipe headquartered?
Swipe is based in Hyderabad, India.

### How much funding has Swipe raised and from whom?
Swipe has raised $2.04M in total funding, including a $2M seed round in February 2022 led by Y Combinator. Other investors include Global Founders Capital, Kunal Naresh Shah, Duro Ventures, and Soma Capital.

### What are Swipe's key business metrics and achievements?
As of March 2024, Swipe generated ₹3.81 crore ($450,000 USD) in annual revenue and processed over $30M in transactions. The company has been growing at 100% month-over-month and has a valuation of ₹15 crore.

### What technology approach does Swipe use?
Swipe uses a SaaS (Software as a Service) model to deliver its GST billing and accounting solutions. This cloud-based approach allows Indian SMEs to access the platform's invoicing, inventory management, and financial reporting features.

### Is Swipe part of Y Combinator?
Yes, Swipe was part of Y Combinator's W20 batch. Y Combinator also led the company's $2M seed funding round in February 2022.

### What is Swipe's recent growth trajectory?
Swipe has been experiencing rapid growth with a 100% month-over-month growth rate. As of March 2024, the company reached ₹3.81 crore in annual revenue and processed over $30M in transactions since its founding in 2021.

## Tags

b2b, saas, fintech, automation, asia-pacific

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*Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*