What is Khatabook?
Founded in 2016 and headquartered in Bengaluru, India, Khatabook operates a mobile application designed to empower small shopkeepers and Kirana store owners. The platform functions as a digital ledger, enabling these businesses to efficiently track credit and manage their accounts receivable. By providing a user-friendly digital solution, Khatabook addresses a critical need for financial record-keeping in a sector traditionally reliant on manual methods, thereby fostering financial inclusion and operational efficiency.
How much funding has Khatabook raised?
Khatabook has raised a total of $255M across 4 funding rounds:
Series A
$25M
Other Financing Round
$70M
Series B
$60M
Series C
$100M
Series A (2019): $25M with participation from GGV Capital, Tencent, Y Combinator, RTP Ventures, DST Global, and Sequoia India
Other Financing Round (2020): $70M led by B Capital
Series B (2020): $60M supported by rocketship.vc, DST Global, GGV Capital, Tencent Inc, Falcon Edge Capital LP, RTP Global LLC, Hummingbird Ventures LP, Sequoia Capital India, B Capital Group, and Unilever N.V.
Series C (2021): $100M featuring Tribe Capital and Moore Strategic Ventures
Key Investors in Khatabook
GGV Capital
GGV Capital is a global venture firm that invests in early-stage to growth-stage companies across Social/Internet, Enterprise Tech, and Smart Tech sectors. They have a strong track record of backing successful technology companies worldwide.
Tencent
Tencent is a multinational technology and entertainment conglomerate providing internet and mobile services, online advertising, and gaming. They are known for their significant investments in global technology companies.
Sequoia India
Sequoia Capital India is a venture capital firm that invests across venture, growth, and late-stage opportunities in India. They actively partner with entrepreneurs to build market-leading companies.
What's next for Khatabook?
The recent major strategic investment, following a Series C funding round, positions Khatabook for accelerated growth and market expansion. This influx of capital is expected to fuel further product development, enhance user acquisition strategies, and potentially explore new service offerings to deepen its value proposition for India's vast small business ecosystem. The company's trajectory suggests a continued focus on leveraging technology to bridge financial gaps and support the backbone of the Indian economy.
See full Khatabook company page
