# Khatabook

> Source: https://docs.barcoder.ai/docs/wallets/khatabook
> research date 2026-05-29 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Khatabook — official](https://khatabook.com/)

## Overview

**Khatabook** is **India's leading digital ledger + bookkeeping platform for MSMEs**, **10+ million merchants** across India <sup>[1][1], [2][2], [India report](https://docs.barcoder.ai/docs/payments/IN)</sup>. **Founded 2016 by Ravish Naresh** in Bengaluru.

**Financial trajectory** <sup>[3][3]</sup>:
- **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** <sup>[2][2]</sup>: **Ranks #1 among 157 active competitors** + **#1 in total funding** within Indian MSME-bookkeeping vertical.

## History

**2016 — Khatabook founded by Ravish Naresh** <sup>[2][2]</sup> in Bengaluru as SME digital-ledger app.

**2017-2020 — Mass IN MSME adoption** <sup>[1][1]</sup>: 10M+ merchants.

**August 2021 — $100M funding round** <sup>[3][3]</sup> at $600M+ valuation.

**2024 — FY24 revenue ₹102.70 crore + ₹160 crore raise** <sup>[4][4]</sup>.

## 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 QR](https://docs.barcoder.ai/docs/standards/upi-qr)** (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** <sup>[1][1]</sup>:
- **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** <sup>[1][1], [3][3]</sup>:
- **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]: https://miracuves.com/blog/what-is-khatabook-and-how-does-it-work/ "What is Khatabook — Miracuves"
[2]: https://tracxn.com/d/companies/khatabook/__eDRrLjOmNlhOqRHeaRojQ-Iogt3Ta9yfYViSlx6CPWI "Khatabook — Tracxn"
[3]: https://techcrunch.com/2021/08/23/indias-khatabook-raises-100-million-for-its-bookkeeping-platform-for-merchants/ "Khatabook $100M Aug 2021 — TechCrunch"
[4]: https://www.affluense.ai/company/khatabook-financials-d1947e "Khatabook FY24 ₹102.70 crore — Affluense"
[in-cro]: https://docs.barcoder.ai/docs/payments/IN

- [1] [What is Khatabook — Miracuves][1]
- [2] [Khatabook — Tracxn][2]
- [3] [Khatabook $100M Aug 2021 — TechCrunch][3]
- [4] [Khatabook financials FY24 — Affluense][4]
- <sup>[India report](https://docs.barcoder.ai/docs/payments/IN)</sup> In-corpus: `reports/countries/IN-india.md`

## Source

Biography extracted from [khatabook.md](https://docs.barcoder.ai/source/wallets/khatabook). See `matrix.md` for standards-support matrix if present.