B Capital Group led a $60m Series B round in Khatabook.

Venture capital firm B Capital Group led a $60m Series B round in Khatabook, a Saas company enabling micro, small and medium businesses to increase business and financial efficiencies. New and existing investors including Sequoia India, Partners of DST Global, Tencent, GGV, RTP Global, Hummingbird Ventures, Falcon Edge Capital, Rocketship.vc and Unilever Ventures participated in the latest funding round. Prominent angel investors including Kevin Weil, Alexander Will, Kunal Shah, Kunal Bahl and Rohit Bansal also participated. "Khatabook is the biggest player in the micro, small and medium business segment in the country, with over 8 Million active merchants on the app. We are looking to work closely with the government and financial institutions to strengthen Indian MSMEs," Ravish Naresh, Khatabook Co-Founder and CEO.