Hisabkitab raises seed funding at ₹20 Cr valuation for AI accounting

Surat-headquartered SaaS startup Hisabkitab has closed a seed funding round at a valuation of ₹20 crore to expand its AI-powered, cloud-native accounting platform for small and medium enterprises. Launched in January 2025 and bootstrapped until the round, the company raised capital from a group of angel investors and high-net-worth individuals to accelerate product development, scale customer acquisition and grow its CA Partner Program. Hisabkitab reports more than 30,000 sign-ups, over 2,700 paying SMEs and startups, and monthly revenue growth from INR 4.18 lakh in May 2025 to INR 25.01 lakh in June 2026.

"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 & CEO. "Every tax season, every reconciliation challenge and every late-night filing reinforced one belief—accounting could be simpler, faster and far more intelligent. This investment is a strong validation of that vision and will help us accelerate product innovation, strengthen our AI capabilities and empower more businesses to manage their finances with confidence."

How the funding will be used

• Build out an AI Intelligence Layer comprising: Audit Agent, Tax Preparation Agent, Accounts Receivable and Accounts Payable Agent, Insights & Forecasting Agent, and Financial Reporting Agent.
• Invest in customer acquisition through performance marketing and organic channels.
• Scale the CA Partner Program across India to boost referrals from Chartered Accountants.
• Hire across product and business functions to support faster product iterations and customer success.

Growth metrics and product differentiation

Founded by Chartered Accountants Shrigopal Malani (AIR 16 ranked) and Abhinav Sharma, Hisabkitab positions itself as an end-to-end alternative to the patchwork of billing, bookkeeping, compliance and reporting tools commonly used by SMEs. The startup combines artificial intelligence, cloud technology and full accounting capabilities in a single platform to reduce manual reconciliation, improve accuracy and provide consolidated financial visibility.

Since launch the platform has achieved an average user rating of 4.8+, expanded presence across India, the UAE and Bhutan, and recorded a near six-fold increase in monthly revenue over 13 months. The company's CA Partner Program has been highlighted as a key growth engine, with participating Chartered Accountants across India driving a steady stream of business referrals.

"Building great software is only part of the journey. Creating lasting customer trust comes from continuously delivering value, reliability and innovation," said Abhinav Sharma, Co-founder & CMO. "This investment enables us to strengthen every aspect of the business, from enhancing our platform and expanding our reach to delivering a consistently superior customer experience."

Outlook

The infusion comes as demand for intelligent finance automation rises among SMEs. Industry estimates cited by the company put the Indian accounting software market at roughly USD 699 million in 2025, with projections to reach close to USD 1.5 billion by 2034 at a CAGR of 8.83% from 2026–2034. With its AI modules and a partner-led distribution approach, Hisabkitab aims to capture a larger share of this market while scaling internationally from its regional innovation base in Surat.