Khatabook Raises $100 Mn; Will Buyback ESOP Worth $10 Mn

Khatabook Raises $100 Mn; Will Buyback ESOP Worth $10 Mn

SUMMARY

The round was led by US-based Tribe Capital and Moore Strategic Ventures

Employees will be able to sell as much as 30% of their vested options during ESOP buyback

Khatabook will utilise the capital to build financial services and hire talent

MS Dhoni-backed Khatabook has raised $100 Mn in its Series C round. The fresh round of funding was led by US-based VC firms Tribe Capital and  Moore Strategic Ventures (MSV), along with participation from Alkeon Capital, Sequoia Capital, Tencent, RTP Ventures, Unilever Ventures, Better Capital, and others. With this investment, the startup is now valued at $600 Mn. The startup will utilise the new investment to build financial services, hire talent in engineering, product, design, analytics, and data science functions. 

The fintech startup will also be buying back $10 Mn worth of ESOPs to reward employees, former employees, and early investors. As per Khatabook, eligible employees will be able to sell as much as 30% of their vested options. The startup has also expanded its ESOP pool to $50 Mn.

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