Indian bookkeeping automation startup raised $67m in Series B funding co-led by Lightspeed Venture Partners and Tiger Global.
Book-keeping startup OkCredit on Friday said it has raised $67 million in a Series B funding round led by existing investors Lightspeed Venture Partners and Tiger Global Management. The startup helps small and medium businesses digitize their books of accounts, connects small business owners, suppliers and customers, and enables them to record credit and payment transactions. Merchants can use the company’s mobile app to keep track of sales and purchases and also send payment reminders. The startup is also backed by China’s Morningside Ventures and US-based marquee startup accelerator Y Combinator. It last raised a Series A round of $15.5 million from these investors in June.