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.
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“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.”
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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.
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“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.
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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.
