 | |
| Industry | Financial Services |
|---|---|
| Founded | January 2019 |
| Headquarters | Bangalore |
Key people | Ravish Naresh (CEO) |
Number of employees | 350+ |
| Website | https://khatabook.com/ |
Khatabook is an Indian Fintech and Finserv company headquartered in Bangalore, India.[1][2]
In 2020, Khatabook became one of the fastest-growing SaaS companies for onboarding more than 8 million MSMEs as monthly active users on its digital book-keeping app in less than 2 years.[3]
History[edit | edit source]
Khatabook was founded by a group of IIT Bombay graduates Ashish Sonone, Dhanesh Kumar, Jaideep Poonia, and Ravish Naresh along with Vaibhav Kalpe. [4]
In March 2020, MS Dhoni, a former professional cricketer and skipper of the Indian national cricket team, invested in Khatabook and became the brand ambassador for the startup.[5]
In June 2020, Khatabook raised $60 million in Series B, led by B Capital, including Sequoia India, Partners of DST Global, Tencent, and other investors.[6]
In March 2021, Khatabook made its first acquisition, Biz Analyst, a Tally on Mobile application, in a $10 million deal to strengthen its presence within MSME ecosystem of large retailers, distributors, and manufacturers.[7]
In August 2021, Khatabook closed a $100 million Series C funding round, with a valuation close to $600 million. This round was led by Silicon Valley-based Tribe Capital and Moore Strategic Ventures (MSV). The objective of the fresh fund was to build financial services / Digital lending on the platform. [8] [9]
The startup announced a buyback of $10 million worth of ESOPs and expanded its ESOP pool to USD 50 million in August 2021.[10]
Awards and recognition [edit | edit source]
- CB Insights’s fourth and Fifth annual Fintech 250 global list [11] [12]
- Y Combinator’s top companies list for 2021 and 2022 [13] [14]
- Business Insider on 100 People transforming business in the Asia Pacific (Ravish Naresh, CEO & Co-Founder) 2020 [15]
- Nasscom Emerge 50 League of 10, 2020 [16]
- 11th Edition of AEGIS GRAHAM BELL AWARDS for FinTech Innovation of the Year [17]
- BW Businessworld - Young Leader of the year(Under 40) creating Emerging Business 2021(Ravish Naresh, CEO & CO-Founder) and Most innovating products by emerging enterprise 2021[18]
References[edit | edit source]
- ↑ "Khatabook bets on lending, SaaS for revenue". The Economic Times. Retrieved 12 December 2022.
- ↑ "KhataBook ^ 821006". HBR Store. Retrieved 12 December 2022.
- ↑ "How Khatabook onboarded more than 80 lakh MSMEs on its digital book-keeping app in less than 2 yrs". www.timesnownews.com. Retrieved 12 December 2022.
- ↑ "How Khatabook Eased Bookkeeping Woes of Small Shop Owners in India". Gadgets 360. Retrieved 12 December 2022.
- ↑ "MS Dhoni invests in fintech startup Khatabook". The Economic Times. Retrieved 12 December 2022.
- ↑ Singh, Manish (20 May 2020). "India's Khatabook raises $60 million to help merchants digitize bookkeeping and accept payments online". TechCrunch. Retrieved 12 December 2022.
- ↑ Bhalla, Tarush (25 March 2021). "Khatabook acquires Biz Analyst for $10 million". mint. Retrieved 12 December 2022.
- ↑ "India Bookkeeping App Raises $100 Million From Tribe, Moore". Bloomberg.com. 24 August 2021. Retrieved 12 December 2022.
- ↑ Singh, Manish (24 August 2021). "India's Khatabook raises $100 million for its bookkeeping platform for merchants". TechCrunch. Retrieved 12 December 2022.
- ↑ "Khatabook gets $100-million funding, announces ESOP buyback". The Economic Times. Retrieved 12 December 2022.
- ↑ "BharatPe, CRED, Groww in CB Insights' list of top 250 fintech companies of 2021". Business Today. 6 October 2021. Retrieved 12 December 2022.
- ↑ "The Fintech 250: The most promising fintech companies of 2022". CB Insights Research. Retrieved 12 December 2022.
- ↑ "Y Combinator Top Companies List". Y Combinator. Retrieved 12 December 2022.
- ↑ "Indian startups second to US on Y Combinator's top companies list". The Economic Times. Retrieved 12 December 2022.
- ↑ O'Neill, Michael. "With around US$84 million in funding, Khatabook is the early market leader for digital bookkeeping in India, ahead of rivals such as OkCredit and Vyapar". Business Insider. Retrieved 12 December 2022.
- ↑ "Nasscom announces winners of Emerge 50 2020". The Times of India. 11 November 2020. Retrieved 12 December 2022.
- ↑ "Winners and finalists for the 11th Edition of Aegis Graham Bell Awards (Virtual) declared". www.business-standard.com. 2 March 2021. Retrieved 12 December 2022.
- ↑ "India's Fast Growth SMEs Honoured At BW Emerging Businesses". BW Businessworld. Retrieved 12 December 2022.