Khatabook valuation crosses $600 Mn valuation after raising $100 Mn


Khatabook valuation crosses $600 Mn valuation after raising $100 Mn:Khatabook, a fintech start-up, has received a $100 million Series C funding, with a valuation now close to $600 million. The round was led by US-based VC firms Tribe Capital and Moore Strategic Ventures (MSV).

 

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

 

Other investors in this oversubscribed series C round were Alkeon Capital, with continued investment participation from internal investors B Capital Group, Sequoia Capital, Tencent, RTP Global, Unilever Ventures, and Better Capital. In addition, top Silicon Valley investors Balaji Srinivasan, Sriram Krishnan participated as independent investors among others in Khatabook's series C funding round.

 

With this investment, the company has seen a 2X jump in the valuation of the company which had scooped up a $60 million Series B round at a valuation of $250-300 million last May....Read More

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