Total amount raised
$186.7 Million
Latest funding date
8/1/2021
Location
Khatabook has successfully raised funds over five rounds, with the latest being a Series C round. The platform is backed by 42 investors, including notable names like Sand Hill Angels and Tencent.
Keep reading to explore the intricacies of Khatabook's fundraising journey and the investors backing this innovative platform.
What Is Khatabook?
Khatabook is a fintech startup based in Bangalore, Karnataka, India. The company provides a digital ledger app designed for small businesses, helping them manage their accounts and transactions efficiently.
Founded in an unspecified year, Khatabook operates in the accounting, financial services, payments, SaaS, and software industries. The company employs between 101-250 people.
How Much Funding Has Khatabook Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: August 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of the digital ledger app.
- Seed Round
- Amount Raised: $1,500,000
- Date: April 2019
- Lead Investors: Surge
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the app's features and user base.
- Series A Round
- Amount Raised: $25,000,000
- Date: October 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its digital ledger services for small shopkeepers and kirana store owners.
- Series B Round
- Amount Raised: $60,000,000
- Date: May 2020
- Lead Investors: B Capital
- Valuation at Round: $275 million to $300 million
- Motivation Behind the Round: To enhance its fintech offerings during the first wave of the pandemic.
- Series C Round
- Amount Raised: $100,000,000
- Date: August 2021
- Lead Investors: Tribe Capital, Moore Strategic Ventures
- Valuation at Round: $600 million
- Motivation Behind the Round: To build financial services, hire talent, and buy back $10 million worth of ESOPs.
Total Amount Raised: $186,500,000
Current Valuation: $600 million
Key Investors
- Tribe Capital
- Details: Tribe Capital is a venture capital firm that focuses on using data science to identify and invest in promising startups. They led Khatabook's Series C funding round.
- Investment Focus Areas: Data-driven startups, technology, innovation
- Notable Investments: Carta, Bolt, Relativity Space
- Moore Strategic Ventures (MSV)
- Details: MSV is the private investment arm of Louis M. Bacon, focusing on long-term investments in various sectors. They co-led Khatabook's Series C funding round.
- Investment Focus Areas: Long-term investments, technology, various sectors
- Notable Investments: SpaceX, Airbnb, Robinhood
- B Capital Group
- Details: B Capital Group is a global investment firm that partners with leading venture and growth-stage companies. They led Khatabook's Series B funding round.
- Investment Focus Areas: Venture and growth-stage companies, multiple sectors
- Notable Investments: Byju's, Ninja Van, Atomwise
- Sequoia Capital
- Details: Sequoia Capital is a well-known venture capital firm that invests in early and growth-stage companies. They participated in Khatabook's Series C funding round.
- Investment Focus Areas: Technology, healthcare, consumer sectors
- Notable Investments: Apple, Google, WhatsApp
- Tencent
- Details: Tencent is a Chinese multinational conglomerate holding company, known for its investments in internet-related services and products. They participated in Khatabook's Series C funding round.
- Investment Focus Areas: Internet-related services, technology, innovation
- Notable Investments: Tesla, Snap Inc., Epic Games
What's Next for Khatabook?
With a fresh $100 million in funding, Khatabook is poised to expand its financial services and hire top talent in engineering, product, design, analytics, and data science. This significant investment underscores the vast opportunities in the fintech sector, particularly in digital bookkeeping and financial management for small businesses in India.
As Khatabook scales its operations, future fundraising opportunities seem promising. The involvement of high-profile investors like Tribe Capital and Moore Strategic Ventures suggests that the company may continue to attract substantial investments. However, Khatabook will need to navigate challenges such as intense competition from other fintech startups and maintaining user growth and engagement.
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