Khatabook Raises $100M Series C Financing

August 24, 2021Client News

Gunderson Dettmer represented client Khatabook in its $100 million Series C financing co-led by Tribe Capital and Moore Strategic Ventures. Other investors which include Alkeon Capital, B Capital, Tencent, Sequoia Capital, RTP Ventures, and Unilever Ventures participated in this oversubscribed round. The new funding brings the company’s valuation to nearly $600 million.

The fintech startup, which is a market leader for digital bookkeeping services in India, employs over 200 people and has over 10 million monthly active users across India.

In the announcement of the transaction, CEO and co-founder of Khatabook Ravish Naresh said, “The first phase of our journey was enabling digital transformation by building a tech ecosystem for Indian MSMEs. Now that we have created a widely accepted digital platform, the next step will be digitally-enabled financial services for small businesses.”

The Gunderson deal team was led by David He and included Greg Volkmar, Kinnari Sahita, Benjamin Teo and Helen Cheng.