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§ Private Profile · Bangalore, India
Digital ledger and business management app for India's MSMEs, enabling small businesses to track finances, manage inventory, and access digital.
Khatabook has raised $185.0M across 3 funding rounds.
Key people at Khatabook.
Khatabook was founded in 2019 by Ravish Naresh (Founder/CEO).
Khatabook has raised $185.0M in total across 3 funding rounds.
Khatabook, based in Bengaluru, Karnataka, India, provides a digital ledger and business management application for small businesses and shop owners, enabling them to digitally record credit transactions, track finances, and manage inventory. The platform digitizes the traditional "Bahi Khata" and supports over 10 million monthly active merchants across 10,000+ towns, offering services in 13 languages. It has expanded its offerings to include comprehensive financial services, processing over 30,000 crore in transactions monthly and aiming to become a leading SMB-focused bank. The company has achieved over 50 million downloads and, as of February 2026, employed 600 individuals. Khatabook raised $100 million in Series C funding, valuing the company at $600 million. Founded in 2018 by Ravish Naresh, it operates as a SaaS platform primarily serving India's MSME sector.
Key people at Khatabook.
Khatabook is a leading Indian SaaS company that provides a digital ledger app and financial services platform primarily for micro, small, and medium enterprises (MSMEs). Its flagship product is a mobile app that replaces traditional paper bookkeeping with a secure, easy-to-use digital ledger, enabling small business owners to efficiently manage credit, debit, and customer accounts. Beyond bookkeeping, Khatabook offers financial services such as business lending tailored to MSMEs, helping address cash flow and credit challenges. The platform supports over 50 million users, operates in 13 vernacular languages, and processes billions in transactions daily, making it a critical enabler of digital transformation for India’s vast MSME sector[1][2][3].
Founded in 2018 by IIT Bombay alumni, Khatabook emerged from the need to simplify and digitize bookkeeping for India’s informal and fragmented MSME market. The founders identified the widespread reliance on handwritten ledgers as a bottleneck to business efficiency and credit access. Early traction came from the app’s viral adoption among small merchants and shopkeepers, driven by its vernacular language support and ease of use. Over time, Khatabook expanded its offerings to include digital shopfronts (MyStore) and payroll management (Pagarkhata), evolving into a comprehensive business management platform for MSMEs[1][3][4].
Khatabook rides the wave of digital financial inclusion and MSME digitization in India, a sector critical to the economy but historically underserved by formal financial services. The timing is crucial as India undergoes rapid smartphone penetration and government-led digital initiatives. By digitizing bookkeeping and linking it to financial products like lending, Khatabook helps formalize credit flows and improve MSME productivity. This not only empowers small businesses but also strengthens the fintech ecosystem by generating valuable transaction data that can be leveraged for tailored financial services[1][2][3][4].
Khatabook is poised to deepen its impact by expanding its financial services suite and enhancing its digital ecosystem for MSMEs. Trends such as increased smartphone adoption in rural India, growing acceptance of digital payments, and government support for MSME digitization will shape its growth trajectory. The company’s ability to integrate more services—such as inventory management, insurance, and savings—could transform it into a one-stop platform for small business needs. As it scales, Khatabook’s influence on formalizing India’s informal economy and enabling credit access will likely grow, making it a cornerstone of India’s digital Bharat vision[1][3][4][6].
Khatabook has raised $185.0M across 3 funding rounds. Most recently, it raised $100.0M Series C in August 2021.
Khatabook was founded in 2019 by Ravish Naresh (Founder/CEO).
Khatabook has raised $185.0M in total across 3 funding rounds.
Khatabook's investors include Tribe Capital, 305 Ventures, Andreessen Horowitz, Avaana Capital, Banana Capital, B Capital Group, Mark Kahn, Fireside Ventures, First Round Capital, Flourish Ventures, FTX Ventures, K50 Ventures.
