Khatabook’s Rs. 454 Crore Funding will benefit Southern India’s MSMEs - Start-Up Hyderabad
Loading Startup Hyderabad

Khatabook’s Rs. 454 Crore Funding will benefit Southern India’s MSMEs

 3 years ago    

The accounting services provider offers a digital ledger mobile app to micro, small and medium businesses.

The B2B fintech solution has more than 75 lakh registered merchants in districts of Southern India

Khatabook, the leading utility solutions provider which helps micro, small, and medium-sized businesses record and track business transactions, has closed a Rs.454 Crore Series B round of funding co-led by B Capital Group and existing investors Sequoia India and DST Partners. 

The latest funding will allow Khatabook to ramp up its product and service offerings for India’s merchants, as the company takes a leap in building technology solutions around financial services and a large merchant-focused distribution platform.


Today, 75 lakh registered merchants across cities and towns in Southern India use Khatabook to run their daily businesses. In Southern India, localization on the app helped merchants overcome language barriers making it popular amongst those running grocery and general stores, mobile shops, automobile shops, and computer stores. Khatabook app is also very popular among small and medium-sized pharmacies, bakeries, hardware stores, recharge shops, paan shops, stationery stores, clothing stores as well as independent contractors. 

“Khatabook is the biggest player in the micro, small, and medium business segment in the country, with over 80 Lakh monthly active users in India. Khatabook is playing an important role in the digitization of MSMEs – a sector that forms the backbone of our economy – helping to increase their incomes and making them more efficient and competitive. Merchants across Karnataka, Tamil Nadu, Telangana, Kerala among many other Southern states are using Khatabook to manage their business. We are looking to work closely with the government and financial institutions to strengthen the MSMEs of India”, said Ravish Naresh, co-founder, and CEO of Khatabook.

Khatabook’s digital-first customer acquisition approach while keeping the needs of small merchants at the center of product design, has given it a formidable leap in the market. The app is used by registered merchants in 11 languages. 

“We are excited to partner with Khatabook, which is enabling India’s 6 crore merchants to go digital. We have been tracking the company closely and are impressed by its suite of products as it addresses critical pain points for merchants across credit, revenue leakage, and collections. We expect the number of digitally sophisticated MSMEs to double over the next three years. With the current lockdown situation, merchants need reliable digital tools like Khatabook even more to enable their business.” said Kabir Narang, B Capital Group General Partner & Co-Head of Asia 

Khatabook’s focus on keeping their software simple and intuitive for merchants has led to high adoption, engagement, and retention. The app’s popularity is evident as more than 10 Lakh merchants are uploading data and engaging with the Khatabook app daily while adding Rs.1500 Crores worth of transactions every day. High engagement and utilization of the platform has resulted in more than 25% of the total active merchants joining the platform through word-of-mouth and referrals.

Here is our previous article about Khatabook: Bengaluru based startup helping small businesses in India record financial transactions digitally and accept online payments



Saritha Keshamoni

Foodie, Hyderabadi, Music lover,Designer by Interest, s/w Engineer by Profession, Entrepreneur in Making, Cricket buff, Telanganite


  • Saritha Keshamoni

    Saritha Keshamoni

  • Rituka M

    Rituka M

  • Ramya Sayaboni

    Ramya Sayaboni

  • Bhavitaavya Dharanikota

    Bhavitaavya Dharanikota

  • Sruthi Malla

    Sruthi Malla

  • Tata Teja

    Tata Teja

  • Nethrikaa Greeshma

    Nethrikaa Greeshma

  • Ruchika Agarwal

    Ruchika Agarwal

  • Neeha Jayaram

    Neeha Jayaram

  • Avatar

    Sameeksha Bansal

  • Rahul Das

    Rahul Das

  • Shravani Maddirala

    Shravani Maddirala

  • Saloni Anand

    Saloni Anand

  • Avatar

    Madhureema RoyMoulik

  • Srinivas Aki

    Srinivas Aki

  • Dhivya


  • Sravya Gowrisetty

    Sravya Gowrisetty

  • Soumalya Chakraborty

    Soumalya Chakraborty

  • Monika Guwalani

    Monika Guwalani

  • Ramesh Loganathan

    Ramesh Loganathan

  • Nischala Agnihotri

    Nischala Agnihotri

  • Varun Rastogi

    Varun Rastogi

  • Harshita Goel

    Harshita Goel

  • Nikita Kiran

    Nikita Kiran

  • Avatar

    Ankur Mehta

  • Neha Mohsin

    Neha Mohsin

  • Maddy Anand

    Maddy Anand

  • Chandra Mouli Koduri

    Chandra Mouli Koduri

  • Ayyappa Nagubandi

    Ayyappa Nagubandi

  • Divya Jyothi

    Divya Jyothi

  • Ayushi Pandey

    Ayushi Pandey

  • Saptarshi Roy Chaudhury

    Saptarshi Roy Chaudhury

  • Amita Sood

    Amita Sood

  • Avatar

    Surya Vallae

  • Gunajit Haloi

    Gunajit Haloi

  • Avatar

    Manoj Surya

  • Ravi Vaka

    Ravi Vaka

  • Sreekar Reddy

    Sreekar Reddy

  • Priyanka Mechineni

    Priyanka Mechineni

  • Ambika Asta

    Ambika Asta

  • Avatar

    Anish Tadimarri

  • Vana Korrapati

    Vana Korrapati

  • Avatar

    Vineel Reddy Pindi

  • GR Reddy

    GR Reddy

  • Vinita Surana

    Vinita Surana

image title here

Some title