Fintech SaaS startup Hisabkitab raises seed round at Rs 20 Cr valuation
Hisabkitab, an AI powered and cloud native accounting platform for small and medium businesses, has raised an undisclosed amount in a seed funding round from a group of angel investors and high net worth individuals (HNIs) at a valuation of Rs 20 crore.
The proceeds will be used to strengthen its AI capabilities by developing its AI Intelligence Layer, including an Audit Agent, Tax Preparation Agent, Accounts Receivable Agent, Accounts Payable Agent, and others, Hisabkitab said in a press release.
Launched in 2022 by Shrigopal Malani and Abhinav Sharma, Hisabkitab combines artificial intelligence, cloud technology, and end to end accounting capabilities into a single platform, replacing the patchwork of separate billing, bookkeeping, compliance, and reporting tools.
According to the Surat based startup, this combination of automation and consolidation improves accuracy, productivity, and financial visibility while eliminating the need to manage multiple disconnected software subscriptions.
According to market research, the Indian accounting software market was valued at nearly $699 million in 2025 and is projected to grow to nearly $1.5 billion by 2034, at a CAGR of 8.83% during 2026 to 2034.
Hisabkitab claims to have attracted more than 30,000 sign ups while serving over 2,700 paying SMEs and startups. Its monthly revenue has grown nearly sixfold over the past year, from Rs 4.18 lakh in May 2025 to Rs 25.01 lakh in June 2026.
The company plans to invest in expanding customer acquisition through performance marketing and organic channels, scaling its CA Partner Program across India, and hiring talent across product and business functions.
It competes with accounting platforms such as Vyapar, Tally, Khatabook, MyBillBook, Zoho Books, Busy, Swipe, as well as manual Excel based workflows.
