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 ₹20 crore.
The startup said it will use the funds to strengthen its AI capabilities by building its AI Intelligence Layer, including an Audit Agent, Tax Preparation Agent, Accounts Receivable Agent, Accounts Payable Agent, and other AI-driven solutions.
Founded in 2022 by Shrigopal Malani and Abhinav Sharma, Hisabkitab combines artificial intelligence, cloud technology, and end-to-end accounting capabilities into a single platform. The solution replaces the need for multiple billing, bookkeeping, compliance, and reporting tools.
According to the Surat-based startup, this integrated approach improves accuracy, productivity, and financial visibility while reducing the need for businesses to manage multiple software subscriptions.
Market research estimates that the Indian accounting software market was valued at nearly $699 million in 2025 and is expected to reach nearly $1.5 billion by 2034, growing at a CAGR of 8.83% during 2026–2034.
Hisabkitab said it has attracted more than 30,000 sign-ups and serves over 2,700 paying SMEs and startups. The company also reported that its monthly revenue increased nearly 6x over the past year, rising from ₹4.18 lakh in May 2025 to ₹25.01 lakh in June 2026.
The company plans to use the investment to expand customer acquisition through performance marketing and organic channels, scale its CA Partner Program across India, and hire talent across its product and business teams.
Hisabkitab competes with accounting platforms such as Refrens, Vyapar, Tally, Khatabook, MyBillBook, Zoho Books, Busy, Swipe, as well as businesses that continue to rely on manual Excel-based accounting workflows.
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