India Bookkeeping App Raises $100 Million From Tribe, Moore
- Khatabook valued at close to $600 million after latest round
- Mobile app seeks to expand to deposits, lending, payments
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Indian fintech startup Khatabook raised $100 million, seeking to expand its offerings beyond bookkeeping for merchants as smartphones win over users in the world’s second-most populous country.
The round led by U.S. venture capital firms Moore Strategic Ventures and Tribe Capital valued Khatabook at close to $600 million, the company said Tuesday in an emailed statement. Alkeon Capital, Tencent Holdings Ltd., Sequoia Capital and Unilever Ventures were also among investors in the Series C round.