CashBook raises $2.3 mln in a seed funding round

BANGALORE: Y Combinator backed company CashBook, has raised $2.3 million in a seed funding round. The round was led by VCs JAM and Better Tomorrow Ventures. Kunal Shah, Anupam Mittal and a host of other angel investors also participated in the round.

Launched in August 2020 by Vivek Kumar and Ashutosh, CashBook helps small businesses track their income and expenses through their mobile app. In one year, its adoption has grown rapidly – clocking more than one million downloads.

In a statement, Kumar said, “Accounting and its related aspects are one of the early challenges faced by small businesses. I have experienced these pain points firsthand and understand the struggles faced by owners in managing accounts and other aspects of their business.