Khatabook is an app that enables SMEs to record and track business transactions.
KhataBook offers features such as sending periodic reminders to creditors on Whatsapp and through SMS and report generation which in turn helps them recover receivables in time and take prompt business decisions.
KhataBook was founded in 2018 by Ravish Naresh, Dhanesh Kumar, Jaideep Poonia, & Ashish Sonone and is based in Bangalore, Karnataka, India.
KhataBook's app helps small shopkeepers and Kirana store owners in India manage their accounts by helping them track the money owed to them through the means of a digital ledger.
Khatabook has over 2.9 Mn active businesses and over 5 Mn registered users. The app is available in 11 languages and has users from Nepal, Pakistan and Bangladesh.
KhataBook is backed by investors including GGV Capital, Partners of DST Global, RTP Ventures, Sequoia India, Tencent, Y Combinator, Better Capital, Falcon Edge Capital, and others. The company raised $60M in a Series B round on May 20, 2020. This brings Khatabook's total funding to $86.5M to date.