Valyx, an AI-powered B2B platform focused on automating revenue and receivables, has successfully raised $800,000 in a pre-seed funding round. The investment was co-led by Huddle Ventures and Waveform Ventures, with additional participation from prominent investors such as Bharat Founders Fund and Propell Fund, the in-house VC fund of LetsVenture, led by Shanti Mohan.
The funds will be used to attract top-tier talent for the startup’s sales team and to expand its engineering team to accelerate the development of its product roadmap. Founded in late 2023, Valyx aims to streamline billing and receivables processes, enabling businesses to accelerate payments, speed up financial closure, and enhance cash flow.
Valyx’s platform offers a wide range of features, including rate card management, usage-based billing, collections, cash application, reconciliation, dispute management, and collaborative receivables tracking. By automating these essential yet repetitive tasks, Valyx empowers finance and sales teams to focus on strengthening their relationships with buyers.
Since its inception, the Bengaluru-based startup claims to have processed over Rs 200 crore in accounts receivable. Co-founders Avishek Ray and Anirudh Bhargava bring deep expertise in revenue automation, receivables management, and business payments, having worked with major companies like Stripe, Amazon, SAP, Morgan Stanley, and Deloitte. Their industry experience gave them a firsthand understanding of the operational challenges finance and sales teams face, inspiring them to create Valyx.
“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,” said Avishek Ray. “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.”
Ishaan Khosla, Partner at Huddle Ventures, expressed optimism about Valyx’s potential, stating, “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.”
