Vayana Network acquires SahiGST –  a cloud-based ASP

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3rd May, India, 2018: Vayana Network, India’s largest third-party Short-term Trade Financing platform, today announced the product acquisition of SahiGST, a cloud-based application for GST return filing and compliance. The acquisition will help Vayana Network strengthen its portfolio offerings in the GST and E-Way Bill space. SahiGST is a widely used software by Chartered Accountants (CAs), Corporates and Small & Medium Enterprises (SMEs) in India.
SahiGST was founded by Dinesh Tejwani, Ankur Agarwal, Dhruv Patel, Tirthesh Ganatra & Keyur Shah in late 2016. SahiGST was the first ASP in India to enable submitting of GST returns to GSTN via APIs for its customers. Co-founder Tirthesh Ganatra joins Vayana post this acquisition.
Bringing SahiGST under the Vayana portfolio will enhance the service offerings for its customers while keeping the existing product’s features and licence the same. SahiGST will be held as a portfolio product of Vayana Network and existing clients will be serviced seamlessly with support from Vayana GSP.
Speaking on the acquisition, Ankur P Agarwal, Co-founder, SahiGST said, “It has been an incredible journey building SahiGST and serving the Indian business community. Joining hands with Vayana Network will take this work to new heights. I am confident that SahiGST and Vayana together present by far the best GST filing solution in the market today.”
“Vayana Network takes pride in being one of the government approved GST Suvidha providers (GSP) in India. We partner with multiple ASPs to facilitate GST compliance for businesses. SahiGST’s business philosophy and vision were a perfect match for us. 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”, remarked RN Iyer, Founder and CEO of Vayana Network.

The acquisition will provide linear business integration for Vayana Network by including SahiGST into it’s GST and E-Way bill compliance related offerings. Vayana Network is an authorised GSP serving over 500 large corporates and FIs; and has an additional partner network of other ASPs with over 150,000 SMEs routing their API traffic through the company. Vayana GSP ensures uninterrupted access to GSTN through its highly available, scalable and secure GSP.