Khatabook may raise $100 Mn in new funding round: Reports
As per news source, Khatabook, the bookkeeping and e-commerce enabling platform, is in discussion with new and existing investors to raise capital. This came at a time when competitors like Dot has already raised funds in a new round and Dukaan is set to score up to $30 million in a round led by Tiger Global.
“Khatabook has been in talks with Hedosophia to raise a new round that could go over $100 million,” said one of the people requesting anonymity. “Existing investor DST Global would also participate with a significant contribution.”
Sources also reveal that other existing investors like Sequoia may take part in the Series C round on a pro-rata basis. If the round materializes, it would give Khatabook a strong position against its arch-rival OkCredit in the bookkeeping space and Dukaan, Dot, Bikayi in the e-commerce enablement segment.
“Khatabook will be valued over $600 million in the new round which could also be joined by more new backers,” said another source who also wished not to be named as talks are private.
This will be a 2X jump in the company’s valuation which had scooped up a $60 million Series B round at a valuation of $250-300 million. The company has raised close to $90 million across two rounds from DST, Sequoia Capital and Tencent among others.
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