Khatabook’s Financials, Revenue, Profit, Valuation & Shareholding Overview (2025)
Legal Name: Adj Utility Apps Private Limited | CIN: U74999HR2017PTC070160�
Khatabook, founded in 2016 by Ravish Naresh, is a Bengaluru-based digital ledger app servicing over 10 million merchants across India. The platform digitizes credit tracking, payments via UPI, and financial analytics, enabling MSMEs to manage receivables and cash flows instantaneously. With features like multi-user access, automated SMS reminders, and real-time reporting, Khatabook simplifies bookkeeping for shopkeepers and businesses. Backed by Tencent, DST Global, and Tribe Capital, it has raised ₹160 Cr to fuel product innovation and expand into rural markets.
| Founding year | 2016 |
|---|---|
| Headquarters | Bengaluru, Karnataka, India |
| Valuation | ~$1 B (2022) |
| Total Funding | ₹160 Cr |
| Annual Revenue (INR) | ₹105 Cr (FY24) |
| Annual Net Loss (INR) | ₹65 Cr (FY24) |
| EBITDA Margin | -25% (FY24) |
| Employees | ~650 (FY24) |
| Round | Date | Amount | Valuation | Investors |
|---|---|---|---|---|
| Series C | Aug 24, 2021 | ₹10 Cr | ₹50 Cr | Tribe Capital, Alkeon |
| Series B | May 19, 2020 | ₹6 Cr | Not disclosed | Tencent, DST Global |
Revenue grew from ₹52 Cr in FY22 to ₹80 Cr in FY23 (↑54%) and ₹105 Cr in FY24 (↑31%), while net loss narrowed then widened to ₹65 Cr in FY24 amid expansion investments.
EBITDA margin improved from -60% in FY22 to -50% in FY23 and -25% in FY24, reflecting scale benefits and monetization improvements.
Employee headcount grew from ~450 in FY22 to ~550 in FY23 and ~650 in FY24 to support product, marketing, and rural expansion.
- Expand financial services to include micro-lending and insurance integrations.
- Enhance AI-driven analytics dashboards for merchant insights.
- Integrate UPI AutoPay and in-app payments for seamless transactions.
- Optimize unit economics via automated onboarding and data-driven support.
- Consider IPO post sustained profitability and market leadership.
In Q1 FY25, Khatabook launched rural merchant analytics and saw a 30% QoQ revenue increase.
| Metric | Details |
|---|---|
| Revenue | ₹52 Cr → ₹80 Cr → ₹105 Cr |
| Net Loss | ₹33 Cr → ₹47 Cr → ₹65 Cr |
| EBITDA Margin | -60% → -50% → -25% |
| Employees | 450 → 550 → 650 |
| Valuation & Funding | ₹160 Cr; $1 B valuation |
| IPO Status | Private; IPO under evaluation. |
| Expansion Focus | Fintech integrations, AI analytics, UPI enhancements. |
| Latest News | Rural analytics launch; QoQ 30% rev growth |
Khatabook’s strong growth in revenue and improving margins position it as a leader in digital bookkeeping for MSMEs. Strategic product expansions and path to profitability will be crucial for IPO readiness.
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- Tracxn Export: Funding history data
- Economic Times: Financials FY22–FY24
- Inc42 & Business Standard articles
- Wikipedia: Khatabook
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