Hisabkitab, a fintech SaaS startup, raised seed funding at ₹20 crore valuation to expand AI accounting platform for SMEs

Hisabkitab, founded in 2022 by Shrigopal Malani and Abhinav Sharma, has successfully raised seed funding at a valuation of ₹20 crore. The startup aims to enhance its AI capabilities and expand its offerings for small and medium enterprises (SMEs).¹⁴

"The fresh capital will be used to strengthen the company’s artificial intelligence capabilities, expand its customer base, and enhance its product offerings for small and medium businesses (SMBs)," the company stated.²

The funds will primarily support the development of its proprietary AI Intelligence Layer, which includes specialized agents for automating various accounting functions such as audit, tax preparation, accounts receivable, and accounts payable.³

Hisabkitab has attracted over 30,000 sign-ups and serves more than 2,700 paying SMEs, with its monthly revenue increasing nearly sixfold from ₹4.18 lakh in May 2025 to ₹25.01 lakh in June 2026.⁵⁶

The Indian accounting software market, valued at nearly $699 million in 2025, is projected to reach approximately $1.5 billion by 2034, growing at a CAGR of 8.83% between 2026 and 2034.

Hisabkitab plans to accelerate customer acquisition through performance marketing and expand its CA Partner Program across India to strengthen distribution through chartered accountants and financial professionals. Additionally, the startup intends to hire talent across product development, engineering, and business functions to support its growth.

"The proceeds will be used to strengthen its AI capabilities by developing its AI Intelligence Layer, including an Audit Agent, Tax Preparation Agent, Accounts Receivable Agent, Accounts Payable Agent, and others," Hisabkitab said in a press release.