KhataBook has raised $100 million in Series C funding, at a valuation of $600 Million. The round was led by: US-based VC firms Tribe Capital and Moore Strategic Ventures (MSV).
Other investors in this oversubscribed series C round were Alkeon Capital, with continued investment participation from internal investors B Capital Group, Sequoia Capital, Tencent, RTP Ventures, Unilever Ventures, and Better Capital. In addition, Balaji Srinivasan, Sriram Krishnan participated as independent investors.
Company: KhataBook Inc.
Raised: $100.0M
Round: Series C
Funding Month: August 2021
Lead Investors: Tribe Capital and Moore Strategic Ventures (MSV)
Additional Investors: Alkeon Capital, Group, Sequoia Capital, Tencent, RTP Ventures, Unilever Ventures, Better Capital, Balaji Srinivasan, and Sriram Krishnan
Company Website: https://khatabook.com/
Software Category: SaaS business management solution
About the Company: Founded in October 2018, KhataBook is the world's fastest-growing SaaS company. It has become India's leading business management app for MSMEs with 50M+ downloads in a remarkably short period. Founded by four IIT-Bombay grads, KhataBook users recovered billions stuck in credit in six months, significantly impacting India’s MSME sector. KhataBook enables micro, small and medium merchants to track business transactions safely and securely.
Source: https://khatabook.com/newsroom/khatabook-series-c-announcement/