Presenting

KhataBook

Khatabook is India's fastest growing SaaS company that enables small businesses (MSMEs) to increase efficiency and profitability through safe, secure, intuitive, mobile-first digital solutions for financial management and more.

Khatabook's journey started in December 2018, with a vision to revolutionize book-keeping for India's MSMEs. Khatabook is India's fastest growing SaaS company that enables micro, small and medium businesses to increase efficiency and profitability through safe and secure digital solutions for business and finance. The flagship Khatabook app is a digital ledger solution. To digitise end-to-end business processes for MSMEs, the company has also launched MyStore by Khatabook, a digital shopfront platform, and Pagarkhata by Khatabook, a staff and salary management platform. Operated by Kyte Technologies, the Khatabook app offers a digital ledger to all small business owners in India. It helps to manage books of accounts and it also offers reminders through WhatsApp and SMS for collecting money and making due payments. The app is available in over 13 vernacular languages catering to a diverse audience in the country.

FinTech

SaaS

WEBSITE

https://khatabook.com/

HEADQUARTERS

Bangalore, Karnataka, , India

COMPANY SIZE

501 to 1000

FOUNDED

Dec 2018

Stories

Stories about KhataBook

Khatabook maintains steady growth in FY23 on back of controlled expenses

Naina Sood

Over 70 pc MSMEs optimistic about business growth in next 6 months: Khatabook survey

Palak Agarwal

[Techie Tuesday] How Gaurav Lahoti is driving Khatabook’s pivot to a fintech-first model

Payal Ganguly

Khatabook, Ninjacart among potential new Unicorn club entrants: PwC report

Tarutr Malhotra

Awards

Awards and Recognitions

50 Disruptive Startups of India - 2019

A YourStory list of startups in 2019 with groundbreaking ideas that are creating a deep impact.

Data is now cheap in India and smartphone use is on the rise. However, a large number of small businesses prefer recording business transactions in books. Most of them still rely on old practices such as making bills on paper. They are yet to completely digitise their bookkeeping processes. KhataBook, an app by ADJ Utility Apps Private Limited, aims to leverage the trend of increased smartphone use in merchants by becoming the first business accounting software they've used. Khatabook says the app has helped its users recover approximately $5 billion stuck in credit in the space of six months. This trend can lead to a significant impact on India’s MSME sector. As of August 2019, KhataBook recorded over $3 billion worth of transactions on its platform. This, the team adds, has cut down the receivables of merchants to half within a few weeks of onboarding them. It claims to have helped over five million merchants save over 600 working hours in a year, each. Its UPI-based payment platform is also doubling month-on-month. Khatabook has expanded its footprint across 3,000 cities in India. In 2019, the startup raised $25 million in Series A funding from Partners of DST Global, GGV Capital, Sequoia India, Tencent, and others. Prominent investors like Kunal Shah, Founder, Cred; Kunal Bahl, Co-founder, Snapdeal; Jitendra Gupta, Head - LazyPay; and Anand Chandrasekharan, ex-Facebook; were among others who participated in the round of funding. KhataBook says it is growing 20 percent every week and has use cases with more than 500 types of businesses. The team plans to launch other products for MSMEs in the next few months and aims to reach over 25 million Indian merchants in the next 12 months. Other disruptors in the market include OkCredit, started by Harsh Pokharna, Gaurav Kumar, and Aditya Prasad, and Vyapar, started by Sumit Agarwal.