Pragya Khandelwal only replies “…” to my queries. Vikas Kumar’s page on the website is now hidden although he owns this place. But when I asked “Who owns invoice trades”, I got the reply “Our Director is Saswat Patra.”
Try emailing to support@invoicetrades.com, you will never get a reply. There is no escrow account although they call it as such, so you don’t know and will never know where your money is going. There is no trustee to oversee and supervise the flow of funds.
Annexure 1 mentioned but not attached for security guard company VEN00184 live deal ~4Cr deal ID 729. After that there have been no enterprise invoices uploaded so you cannot discern whether it is a PO/BO (purchase order or bill of materials) or reverse invoice discounting going on. There have been only 731 IDs so far but the website will claim 28000 Ids.
When I asked how many people comprise the credit verification team, I got different numbers every time. Pragya Khandelwal said 8 in the queries tab, on call Preeti Sahu said 4-5 and Saswat Patra said 10 on call. They refrain from communicating in writing and from allowing the calls to be recorded.
They hide all deals that have happened before, showing only the last 10. The enterprise and vendor search and dropdowns don’t work and there are multiple values for CBRE, Wonder Cement etc. in the Enterprise dropdown.
Anjali Singh sister in law of Yogendra Singh who has been arrested was formerly the director of this company.
There is no collection department so we just hope and pray for repayment when a vendor delays. Sometimes same deals go off “accidentally” multiple times like 707 and 708. Their CAs keeps resigning and they won’t tell you why.
If the company is based out of Telengana, why does the Service Level Agreement (SLA) mention the courts of arbitration to be in New Delhi?
Avinash Sakhare, the brother of Vikas Kumar Sakhare, his wife Sneha Jambulkar have a history of floating multiple companies and you don’t know if your money is being rotated through them.
Annexure 1 mentioned but not attached for security guard company VEN00184 live deal ~4Cr deal
Enterprise Invoices from Tata Elxsi Limited and Toshiba Missing. This is with reference to deal IDs 731 and 730 raised to anchors Toshiba and Tata Elxsi Limited by vendors BV576036579 and WI202176105 respectively. The enterprise invoices for these have not been uploaded and/or linked yet hence I urge you to provide the same at the earliest so that I can discern whether it is a PO/BO (purchase order or bill of materials) or reverse invoice discounting.
tell me more about the deal delayed by three weeks
Will you stand ground or go into hiding when push comes to shove?
Who owns invoice trades
Dear Sir, Our Director is Saswat Patra. Regards, Team Invoice
Why don’t you have an escrow account in the investors’ names?
Dear Customer, all queries related to our platform are available in our website FAQ section. Our bank account is a current account with IDFC. We are currently reviewing the scope of ESCROW provisioning and appreciate your suggestion. For any further queries, we are happy to assist you on call directly. Regards, Team Invoice Trades!
when will the escrow account be available
Dear Customer, we are currently reviewing the scope of ESCROW provisioning. When its available, we will update it in our FAQs. Regards, team Invoice Trades
Please send me my TDS statement so that I can send it to my Chartered Accountant.
Dear Customer, Please email to support@invoicetrades.com. Regards, Team Invoice Trades
Tell me about the referral program
Dear Customer, your RM will connect with you in sometime, to explain about it. Regards, team Invoice Trades
What happens if I deactivate my account before the maturity of my deals? Is the matured amount credited to my KYC approved bank account instead??
Dear Customer, if you deactivate your account when any active deal is there, you will not be able to withdraw the matured amount. To raise withdrawal, account must be in active status. Regards, Team Invoice Trades
what is the number of investors with atleast one active deal?
Dear Customer, the number of investors with one deal depends on deal value and we won’t be disclosing the information. Regards, Team Invoice Trades
When RBI’s TReDs exists, why would vendors use anything else? Trade Receivables Discounting System (TReDS) ? Digital platform for MSMEs to auction their trade receivables at competitive rates through online bidding by financiers and banks ? 45,000 medium and small enterprises are registered sellers ? 35,000 invoices worth INR7,200 crore financed on TReDS every month ? RBI proposed to expand scope of TReDS by providing insurance facility for invoice financing to improve cash flows for MSMEs
Dear Customer, our vendors have exposure to various options for their working capital needs. They are with Invoice Trades for ease of business and for short-term working capital needs. Regards, Team Invoice Trades
How many members comprise the credit verification team?
Dear Customer, we have a credit verification team and their team size is 8. Regards, Team Invoice Trades
What form of security has been provided and from the vendor in my deal?
Dear Customer, please refer to FAQ section in our website. Regards, Team Invoice Trades
Congratulations Why are so many ID companies based out of Hyderabad
Dear Customer, there are many companies based out of Hyderabad too. Our team don’t look at location, instead check for their credibility, financials, and other factors of their business before issuing working capital. Regards, Team Invoice Trades
Aren’t you taking a huge amount of personal risk for 1 to 3% commission
Dear Customer, our credit verification team verifies the invoices presented by the vendors based on stringent criteria. All vendors empaneled with us go through our stringent credit risk framework thereby ensuring that only the best of opportunities by the most creditworthy fund seekers are offered to our investors with no risk as we collect bank guarantee and PDCs. Regards, Team Invoice Trades!
How will you handle a liquidity crisis Do you have a contingency plan for that
Dear Customer, please refer to FAQ section in our website and the SLA agreement. Regards, Team Invoice Trades
congrats on your management skills that have averted a liquidity crunch a la falcon and wotrades How do you mitigate the risk of over invoicing and fraudulent invoices How about duplicate invoices from Big Basket both on Invoice Trades and Falcon at the same time
Dear Customer, our credit verification team verifies the invoices presented by the vendors based on stringent criteria. All vendors empaneled with us go through our stringent credit risk framework thereby ensuring that only the best of opportunities by the most creditworthy fund seekers are offered to our investors with no risk as we collect bank guarantee and PDCs. None of the invoices presented on Invoice Trades is being presented on other platforms which our team ensures it. Regards, Team Invoice Trades!
206 vendors have been empaneled on your platform. Kindly confirm or deny. In case of denial, kindly provide the current number of empaneled vendors.
Dear Customer, All the vendors are updated on platform. We won’t disclose their details. For further queries, please reach out to your RM: Preeti - 9154159852. Regards, Team Invoice Trades.
Vendor missing between MF477054854 and KC356709786 in the Vendor dropdown. Multiple values of CBRE, Wonder Cement etc. in the Enterprise dropdown. Check email for screenshots.
Dear Customer, there is no vendor missing. It is due to spacing issue which our development team will fix it. Regards, Team Invoice Trades
How many ex-Falcon employees working for invoiceTrades? Vikas Kumar, Yogendra Singh, Pragya Khandelwal, and who else?
Dear Customer, we are not answerable to something that is not related to Invoice Trades. Regards, Team Invoice Trades
Dear Customer, we are not answerable to something that is not related to Invoice Trades. Regards, Team Invoice Trades You don’t check the previous employment history before on boarding new employees
Dear Customer, our HR team does due diligence when anyone is hired including thorough background checks. Regards, Team Invoice Trades
Anjali Singh sister in law of Yogendra Singh was formerly the director of this company
Dear Customer, As informed earlier, please reach out to your RM: Preeti - 9154159852 for further queries. Regards, Team Invoice Trades.
How many developers are there in the development team . How many are required to fix the spacing issue previously mentioned.
Dear Customer, As informed earlier, please reach out to your RM: Preeti - 9154159852 for further queries. Regards, Team Invoice Trades.
How big is invoice trades? Number of investors with atleast one ongoing deal, number of empaneled vendors, amount outstanding out of it and average daily collection?
Dear Customer, As informed earlier, please refer to our website or reach out to your RM: Preeti - 9154159852 for further queries. Regards, Team Invoice Trades.
Do we have a collection department or do I just hope and pray for repayment when a vendor delays
Dear Customer, As informed earlier, please refer to our website or reach out to your RM: Preeti - 9154159852 for further queries. Regards, Team Invoice Trades.
No location provided for VEN00185 x Hindustan Steelworks Construction Limited and Exatron Servers Manufacturing Pvt Ltd x VEN00202 deals
Dear Sir, the invoices are presented as is by masking certain details. Our credit verification team has necessary details to verify. Regards, Team Invoice Trades
Please check deal id 707 and 708 have the same anchor company and amount
Dear Customer, that was a glitch which we fixed it off already. Regards, team Invoice Trades
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tell me more about the deal delayed by three weeks
The ongoing deals expire on 14-Jun-2025.
If I invest now, will the return be calculated from 14th June, today or from the deal start date?
Do you give the raised amount to the vendor daily or just once when the deal ends.
Example, current deal is from 1st to 14th June but you collect some amount daily from investors.
Do you transfer the collected amount to vendor at the deal end date 14th June or on a daily basis or when the deal closes?