Funding · Enterprise Software & IT
Hisabkitab raises undisclosed seed funding at Rs 20 crore valuation
By Startup Enthusiast ·
- Date
- Company
- Hisabkitab
- What it does
- AI accounting platform for SMEs
- Kind
- Funding
- Amount
- undisclosed
- Stage
- seed
- Based in
- Surat
- Founded
- 2022
- Sector
- Enterprise Software & IT
What they do
Hisabkitab is an AI-powered cloud-native accounting platform built for small businesses and startups
What happened
The company closed a seed round with angel investors and HNIs at a Rs 20 crore valuation
Why it matters
Monthly revenue grew nearly sixfold to Rs 25 lakh in June 2026, supporting its growth plans
The details
- Hisabkitab has closed a seed funding round with an undisclosed amount of capital.
- The startup achieved a Rs 20 crore valuation during this financing event.
- Investors include a group of angel investors and high-net-worth individuals (HNIs).
- The company plans to use funds to develop an AI Intelligence Layer suite.
- This suite will include agents for audit, tax preparation, and financial reporting.
- Funds will also support customer acquisition via performance marketing and organic channels.
- Hisabkitab intends to scale its CA Partner Program across India.
- The startup aims to hire talent across product development and engineering functions.
The bigger picture
- Indian accounting software market was valued at nearly $699 million in 2025.
- The sector is projected to reach ~$1.5 billion by 2034.
- The market shows a compound annual growth rate of 8.83% from 2026-2034.
- Hisabkitab operates in a competitive landscape with established players like Tally and Khatabook.
About the business
- Hisabkitab provides an AI-powered cloud-native accounting platform for SMEs and startups.
- The solution integrates bookkeeping, invoicing, billing, compliance, and financial management.
- The platform launched in January 2025 after the company's founding in 2022.
- It serves over 30,000 user sign-ups globally across India, UAE, and Bhutan.
- The company reports over 2,700 paying customers among SMEs and startups.
- Users give the platform an average rating of 4.8+ stars.
- Headquarters are located in Surat, India, with international presence in the UAE and Bhutan.
- Competitors include Refrens, Vyapar, Tally, Khatabook, MyBillBook, Zoho Books, and Busy.
- Manual Excel-based processes remain a significant alternative for many small businesses.
What happens next
- Develop the AI Intelligence Layer suite with specialized agents.
- Expand customer acquisition through marketing and organic channels.
- Scale the CA Partner Program across India.
- Hire talent for product, engineering, and business functions.
The deal
- Type
- Seed Funding
Investors
- Angel investors and high-net-worth individuals (investor) — A group of individual investors providing seed capital.
Founders
- Shrigopal Malani, Co-founder & CEO
- Abhinav Sharma, Co-founder & CMO
About Hisabkitab
- Product
- Cloud accounting platform with AI
- Customers
- Small businesses
- How it makes money
- SaaS subscription
- What sets it apart
- Consolidates multiple tools with AI agents
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