Hisabkitab’s ₹20 Crore Seed Round Is a Signal for India’s Fintech SaaS Future
Surat-based Hisabkitab, an AI-powered accounting platform built 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 at a valuation of ₹20 crore . The capital will primarily strengthen its AI capabilities and expand its customer base, reflecting growing investor interest in India’s fintech SaaS ecosystem.
Built by CAs, Built for Indian SMEs
The startup was founded in 2022 by Shrigopal Malani and Abhinav Sharma, two chartered accountants who spent years in practice before turning entrepreneurs . Their motivation came from firsthand experience: every tax season, every reconciliation challenge, and every late-night filing reinforced the belief that accounting could be simpler and far more intelligent .
“We didn’t build Hisabkitab because we spotted a market opportunity on a slide deck. We built it because we lived with the problem ourselves,” said Shrigopal Malani, Co-founder and CEO . Unlike conventional accounting software or invoicing platforms, 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 that businesses typically juggle .
A Suite of AI Agents for Finance Automation
The fresh capital will be deployed to develop what the company calls its AI Intelligence Layer . This includes specialised AI agents for:
- Audit Agent – automates compliance checks and verification
- Tax Preparation Agent – streamlines GST, TDS, and other tax filings
- Accounts Receivable Agent – manages collections and payment follow-ups
- Accounts Payable Agent – handles vendor payments and reconciliation
- Insights & Forecasting Agent – provides real-time business intelligence
The platform already offers GST-ready invoicing, e-way bills, e-invoicing, financial reports, and AI-powered document scanning using Optical Character Recognition (OCR) . Businesses can upload bank statements or purchase invoices, and the AI extracts relevant data—vendor name, GSTIN, invoice number, HSN codes, tax amounts—and auto-posts entries without manual typing .
Traction That Justifies the Valuation
Hisabkitab’s investor confidence is backed by strong business momentum since its launch in January 2025 . The startup claims to have:
| Metric | May 2025 | June 2026 |
|---|---|---|
| Monthly Revenue | ₹4.18 lakh | ₹25.01 lakh |
| User Sign-ups | — | 30,000+ |
| Paying SMEs & Startups | — | 2,700+ |
| User Rating | — | 4.8+ |
The company has expanded its presence across India, the UAE, and Bhutan . Its CA Partner Programme has emerged as a key growth engine, with participating chartered accountants across India driving a steady stream of business referrals .
A Market on the Rise
The investment comes at a time when businesses are rapidly embracing intelligent finance automation. According to industry estimates, the Indian accounting software market was valued at nearly USD 699 million in 2025 and is projected to grow to nearly USD 1.5 billion by 2034, at a compound annual growth rate of 8.83% from 2026 to 2034 . This growth is driven by rising cloud adoption, GST compliance requirements, and increasing demand for AI-enabled financial management solutions among SMEs .
Hisabkitab operates in a competitive ecosystem alongside players such as Tally, Vyapar, Zoho Books, Busy, MyBillBook, Swipe, and Khatabook, while also competing against businesses that continue to rely on manual Excel-based accounting processes . Its differentiation lies in being built by chartered accountants specifically for Indian compliance realities . Features like GSTR-2B live reconciliation—which connects directly to the GST portal and matches books against supplier filings—are not available in most competing products .
The Bigger Picture
Hisabkitab’s seed round represents a new generation of SaaS startups emerging from India’s regional innovation hubs, leveraging AI to simplify accounting and financial operations for SMEs while scaling across domestic and international markets . For a Surat-based company founded by CAs who once managed 200+ clients with a team of 50 accountants, this funding is validation of a simple premise: accounting doesn’t have to be complicated .
At plans starting at ₹2,999/year—less than what most businesses spend monthly on stationery—Hisabkitab is betting that democratising access to AI-powered accounting can be a viable, scalable business . The funding will accelerate product innovation, expand customer acquisition, and strengthen the company’s presence in India’s fast-growing accounting software market .
