indian startups

Khatabook All Set to Pocket $20 Mn in its 'Khata' with Talks of Funding

According to media reports, the fintech start-up is in talks to raise $20 million in Series A round of funding
Khatabook All Set to Pocket $20 Mn in its 'Khata' with Talks of Funding
Image credit: Shutterstock.com
Features Writer
2 min read
Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Khatabook, a fintech start-up that endeavours to keep accounting and book-keeping records for small entrepreneurs is in talks to raise $20 million in Series A round of funding from DST Partners Fund, Ribbit Capital and Sequoia Capital according to a media report.

The DST Partners fund is a personal investment vehicle for the partners at Yuri Milner’s DST Global.

According to the report, more than 20 angel investors including prominent investor Gokul Rajaram, Jitendra Gupta, the founder of Citrus Pay, and Kunal Shah, CEO of Cred, are set to participate in the round in all likelihood. 


The start-up may also get an additional $5 million from Chinese investors reportedly. 

Khatabook has previously raised $4 million from Y Combinator, InfoEdge. It was also part of Sequoia’s accelerator programme Surge. Founded by IIT alumni-Ravish Naresh, Jaideep Poonia, Dhanesh Kumar, and Ashish Sonone, the founders hail from Tier 2 cities. Since its inception just one year ago in 2018, it has gained immense traction and popularity for its concept. The multi-lingual mobile app provides reminders to merchants regarding payments. It claims to 1 Mn downloads, on-boarded over 400K businesses organically, and recently, it hit headlines for crossing a milestone of $1 Bn in transactions.

More from Entrepreneur

Amina AlTai teaches entrepreneurs and intrapreneurs how to balance a thriving career, body and mind.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Starting, buying, or growing your small business shouldn’t be hard. Guidant Financial works to make financing easy for current and aspiring small business owners by providing custom funding solutions, financing education, and more.

Latest on Entrepreneur