Search
Khatabook gets $100mn funding
August 25, 2021
Digital bookkeeping application Khatabook has got $100 million up in its Series C round, led by Silicon Valley-based early-stage fund Tribe Capital and Moore Strategic Ventures (MSV).
The most recent financing round values Khatabook at $600 million, the organization said in a statement.
Other than building financial services, the new capital will assist the startup to strengthen its talent base, it said.
Alkeon Capital, B Capital Group, Sequoia Capital, Tencent, Unilever Ventures, RTP Global, and Better Capital likewise took part in the round.
Balaji Srinivasan, the former chief technology officer of Coinbase and an active investor, and Sriram Krishnan, general partner at Silicon Valley-based venture capital fund A16z, have invested in their personal capacity.
The funding was a mix of primary and secondary capital infusion, where some early investors and employees holding stock options mostly sold shares.
“The startup is buying back $10 million worth of ESOPs (employee stock ownership plans) to acknowledge and reward employees, ex-employees, and early investors who added to the organization’s growth,” the organization said.
Important Links:
- Professional Diploma in Banking and Financial Services: https://ask.careers/courses/professional-diploma-in-banking-management/
- Mumbai: https://ask.careers/cities/mumbai/
- TSCFM: https://ask.careers/institutes/tscfm/
