Dhoni-Backed Khatabook Clocks Rs 102.7 Crore Revenue
INTRODUCTION
Khatabook is a digital ledger (Bahi-Khata) application. It has been backed by Y combinator and is designed for Small and Medium sized businesses. Khatabook was founded in 2018. The app is available in 12 languages. This Bengaluru-based company has received backing from cricket legend Mahendra Singh Dhoni. He also serves as its brand ambassador. In a remarkable show of resilience, Khatabook clocks Rs. 102.7 Crore revenue.
FINANCIAL PERFORMANCE
The startup operates on a freemium model but also offers paid plans. It also sends WhatsApp and SMS reminders for payments. In the app, you can also keep multi accounts at the same time.
Khatabook recorded the revenue of Rs. 80.88 crore in FY23. In FY24, the startup has clocked the revenue of Rs. 102.7 crore. This represents an increase of 26.97% in FY24 from FY23. To add on. the startup managed to decrease its net losses by 7.32%. The startup is aiming to turn profitable in coming years.
Some More Features:
Some more features offered in the app are Tally, accounting, GST etc. You can also take benefit of these features if you want.
CONCLUSION– Khatabook Clocks Rs 102.7 Crore Revenue
Khatabook has various achievements in its hat. It won the best innovative model app award at IAMAI 2020. The value of the startup was around $600 Mn. It is working to shift the domicile from US to India. This is because the startup aims to localise its operations. One other benefit of using Khatabook is that some of its functions work offline as well.
To conclude, the startup is paving the path to increase the revenues and minimise the losses. It has also laid off some of its workforce. This has also helped them to decrease the expenses. According to sources, it has cut losses by 7 percent in FY24. Khatabook Clocks Rs 102.7 Crore Revenue. This news from Y combinator backed cohort looks interesting. Although this is your choice, yet those who are interested can download the app and use it’s features for good financial management.
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