Khatabook, India’s leading business management application for MSMEs, has successfully raised $186,500,000 in its latest funding round. Founded in 2019 by IIT-Bombay alumni, the company provides micro, small, and medium merchants with essential tools for seamless transaction tracking, automated payment reminders, and innovative features like Interactive Voice Response (IVR) to simplify credit collection processes. This significant capital infusion marks a pivotal moment for the company as it continues to expand its reach and offerings across India.
Beyond its core business management functionalities, Khatabook also offers streamlined business loans specifically designed to fuel the growth of MSMEs. The platform emphasizes a fast, transparent, and efficient loan process, providing quick access to capital without the complexities often associated with traditional lending. By leveraging individual transaction history and data, Khatabook tailors loan solutions to the specific needs of each business, directly supporting their capacity to expand and thrive in a competitive market. The company currently serves over 50 million users in 13 languages.
The $186,500,000 investment underscores strong investor confidence in Khatabook's technology-driven approach and its measurable impact on India’s vast MSME sector. With $200 million in daily transactions facilitated and billions recovered in credit, the platform demonstrates substantial economic value. Khatabook plans to strategically deploy these newly secured funds to accelerate key growth initiatives, further enhance its suite of innovative product features, and broaden its geographical footprint, particularly in support of "Digital Bharat."
This funding round is expected to strengthen Khatabook's position as a leader in empowering small businesses through digital solutions. The company's ongoing commitment to improving user experience and its progressive, innovation-driven culture are anticipated to drive continued expansion and allow it to reach new milestones in transforming business operations for MSMEs across the nation.
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