At KhataBook, we’re building utility solutions for small & medium businesses (SMBs). Our first offering – an Android app enabling businesses to digitally record the credit they extend to customers – went viral. A huge chunk of our growth came organically and came fast, simply via word of mouth. In a matter of months, KhataBook has been downloaded 2M times, and more and more businesses are becoming a part of this network. This of course validated our product thought, but further impressed upon us the sheer size of latent demand for technology in Indian businesses.
Some context of the market: 90% of India’s ~$1 Trillion retail market is controlled by traditional/unorganized sector. Which means ~$900B worth of commerce flows through ~50M small & medium shops/warehouses/kiosks/homes, scattered all over the country – from mighty metros to tiny villages. These businesses have been underserved and were until recently disconnected from the internet. But, drop in Internet rates and ~300M new smartphones in the last 2 years are changing that, unimaginably fast! A network powered by millions of businesses, built in turn to power these businesses – that’s our goal at KhataBook.
We’re a small team based in Bengaluru, funded by Sequoia, Info Edge & Y Combinator and we’re always looking for great folks to come and join us on this amazing adventure.
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Ledger Account book to manage your business credits.
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