Wallets/khatabook
Khatabook
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Overview
Khatabook is India's leading digital ledger + bookkeeping platform for MSMEs, 10+ million merchants across India [1, 2, in-cro]. Founded 2016 by Ravish Naresh in Bengaluru.
Financial trajectory [3]:
- FY21 revenue: ₹16.9 crore.
- FY22 revenue: ₹71.1 crore (~4x growth).
- FY23 revenue: ₹80.88 crore.
- FY24 revenue: ₹102.70 crore (continued growth).
Funding milestone: $187M total funding across 7 rounds from 53 investors — backed by Tencent + DST Global + Tribe Capital + Sequoia/Peak XV + Y Combinator + Partners of DST Global + others. ₹160 crore most recent disclosed raise to fuel product innovation + rural expansion.
Khatabook competitive position [2]: Ranks #1 among 157 active competitors + #1 in total funding within Indian MSME-bookkeeping vertical.
History
2016 — Khatabook founded by Ravish Naresh [2] in Bengaluru as SME digital-ledger app.
2017-2020 — Mass IN MSME adoption [1]: 10M+ merchants.
August 2021 — $100M funding round [3] at $600M+ valuation.
2024 — FY24 revenue ₹102.70 crore + ₹160 crore raise [4].
Ownership & operator
Operating entity: Khatabook Private Limited (Bengaluru).
Founder + CEO: Ravish Naresh.
Major investors: Tencent, DST Global, Tribe Capital, Sequoia/Peak XV India, Y Combinator, Partners of DST Global + 47 others (53 total).
Regulator: RBI (Reserve Bank of India) + MeitY (Ministry of Electronics + Information Technology).
Technical integration
| Layer | Description |
|---|---|
| Channels | Khatabook mobile app (iOS + Android) |
| Identifiers | Phone + UPI ID |
| IN rail | [[upi]] (NPCI national A2A rail) |
| Customer type | Indian MSMEs (micro + small + medium enterprises) — 10M+ merchants |
| Features | Digital credit-tracking ledger + UPI payments + multi-user access + automated SMS reminders + real-time reporting + financial analytics |
| Model: B2B SaaS for MSMEs |
Users & growth
2025 baseline [1]:
- Merchants: 10+ million across India
- FY24 revenue: ₹102.70 crore
- FY23 revenue: ₹80.88 crore
- FY22 revenue: ₹71.1 crore
- FY21 revenue: ₹16.9 crore (4x growth FY21→FY22)
- Cumulative funding: $187M across 7 rounds (53 investors)
- Competitive ranking: #1 among 157 active competitors
Use cases
Indian MSME digital ledger / Khata replacement (replaces physical credit-tracking ledgers); UPI-integrated receivables + payables; multi-user access for shop staff; automated SMS reminders for customers; real-time financial analytics + reporting; rural-market expansion (recent ₹160 crore raise).
Implementations & partners
Operator: Khatabook Private Limited (Ravish Naresh founder + CEO).
Major investors: Tencent, DST Global, Tribe Capital, Sequoia/Peak XV, Y Combinator, Partners of DST Global + 47 others.
Major Indian MSME-bookkeeping + digital-ledger competitors:
- OkCredit (IN MSME digital-credit-tracking rival; ranked among Khatabook's 157 competitors)
- MyBillBook (IN MSME billing + accounting)
- Vyapar (IN MSME billing + GST + accounting)
- Zoho Books (IN/global SME accounting; Zoho Corporation)
- Tally (IN's longtime MSME accounting incumbent)
Regulator: RBI + MeitY.
Fun facts
- 2016 founding by Ravish Naresh in Bengaluru.
- 10M+ Indian MSME merchants — digital ledger / Khata replacement.
- Ranks #1 among 157 active competitors + #1 in total funding.
- Cumulative $187M across 7 rounds from 53 investors.
- Backed by Tencent + DST Global + Tribe Capital + Sequoia/Peak XV + Y Combinator.
- FY24 revenue ₹102.70 crore — sustained ~25%+ YoY growth.
- Distinctive Indian "Khata" cultural-translation — digitizing India's centuries-old shop-credit-ledger tradition.
Comparison
| Feature | Khatabook | OkCredit (IN MSME rival) | MyBillBook (IN MSME billing rival) | Vyapar (IN MSME GST + accounting) | Tally (IN MSME incumbent) |
|---|---|---|---|---|---|
| Operator | Khatabook Private Limited (Ravish Naresh founder; Tencent + DST + Peak XV + YC backed) | OkCredit | MyBillBook | Vyapar | Tally Solutions |
| Type | IN MSME digital ledger / Khata + UPI integration + analytics | IN MSME digital-credit-tracking | IN MSME billing + GST | IN MSME billing + GST + accounting | IN MSME accounting incumbent (decades-old) |
| Country | India | India | India | India | India |
| Users | 10M+ merchants | Major IN MSME | Major IN MSME | Major IN MSME | Mass IN MSME (decades) |
| Funding | $187M cumulative + #1 in vertical funding | Major rounds | Major IN | Major IN | Mature business |
| Distinctive | Digitizes IN "Khata" tradition; 4x FY21→FY22 revenue growth; ₹102.7 crore FY24; #1 of 157 competitors | Direct rival | Billing-focused | GST + accounting focus | Decades-old desktop+cloud incumbent |
Status
Active, India's leading MSME digital-ledger + bookkeeping platform [1, 3]:
- Khatabook Private Limited (Ravish Naresh founder) since 2016.
- 10M+ Indian MSME merchants.
- FY24 revenue ₹102.70 crore (sustained growth).
- $187M cumulative funding + Tencent + DST Global + Tribe Capital + Sequoia + YC backed.
- #1 of 157 active competitors in IN MSME-bookkeeping vertical.
- RBI + MeitY-regulated.
Sources
- 1 What is Khatabook — Miracuves
- 2 Khatabook — Tracxn
- 3 Khatabook $100M Aug 2021 — TechCrunch
- 4 Khatabook financials FY24 — Affluense
- in-cro In-corpus:
reports/countries/IN-india.md
Source
Biography extracted from khatabook.md. See matrix.md for standards-support matrix if present.