Get All Access for $5/mo

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

By Bhavya Kaushal

Opinions expressed by Entrepreneur contributors are their own.

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

Shutterstock.com

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.

Bhavya Kaushal

Former Features Writer

I am a work-in-progress writer and human being. An English graduate from Delhi University, writing is my passion and currently, I was Entrepreneur India's start-up reporter. I love covering start-ups and weaving their stories into unforgettable tales with the power of ink! 
News and Trends

Battery Smart Raises USD 65 Mn in Series B to Boost EV Battery Swapping Network

Orios Venture Partners achieves a 29x return with a strategic partial exit from Delhi-based EV startup, enhancing early-stage investment success.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Money & Finance

Avoid These 10 Mistakes Entrepreneurs Make with Money

Despite the challenging statistic that only 5% of startups survive beyond five years, common financial pitfalls often contribute to their failure. Through personal observation, I've identified the prevalent financial mistakes made by entrepreneurs.

Growing a Business

How Visionary Leaders Transform Curiosity Into Groundbreaking Ideas

Lee Brian Schrager, founder of the South Beach Wine & Food Festival, discusses the spark that launched FoodieCon, his best practices for running popular food events, and why all business owners need to adapt to social media trends.

Thought Leaders

4 Steps You Need to Follow to Make It Through Any Crisis With Your Company Intact

The steps we take before a crisis define our team's future resilience in the face of one. Here's what you need to do to prepare for a crisis of any kind at any time.

Leadership

How His Personal Battle With Cancer Inspired This Founder's Solution for Patient Care

On this episode of "The Founder CEO," Michael O'Neil, founder and CEO of GetWellNetwork, discusses his inspiring journey as a leader and the transformative role of AI in healthcare.