India based provider of merchant bookkeeping and online payments solutions raised $100m in Series C funding led by Tribe Capital and Moore Strategic Ventures.
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Khatabook raises $100m in Series C funding
“At Tribe, we believe strongly in the power of the network effect and how it can create moats for businesses. Khatabook has successfully built such a network by empowering this seismic shift among MSME businesses to move from paper to digital, literally,” said Arjun Sethi, co-founder and partner at Tribe Capital, in a statement. “Despite its large early success and fast adoption to date, the company is early in its path to power the segment. We’re thrilled to be a part of its growth as it leverages its network to build additional scale.”
