Khatabook raises $100mm in Series C round led by Tribe Capital and MSV

EMVC portfolio company Khatabook, which offers a suite of accounting, digital storefront and payroll management apps for small businesses, raised $100mm from Tribe Capital, Moore Strategic Ventures, B Capital, Sequoia and others.

Valued at $600mm, Khatabook is also expecting to launch financial services for its 10mm+ monthly active small business partners and address the $350Bn credit gap in the market.

The disruptions in offline business caused by the pandemic have nudged many neighbourhood stores in India to switch to digital operating channels and Khatabook has been the direct beneficiary of this behavioural change.

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