Khatabook raises $100 mn funding, announces ESOP buyback worth $10 mn

Khatabook on Tuesday said it has raised USD 100 million (about Rs 741 crore) in funding round, led by Tribe Capital and Moore Strategic Ventures (MSV) that valued the fintech company at close to USD 600 million.

The series C round – which was oversubscribed – also saw participation from Alkeon Capital, with continued investment participation from B Capital Group, Sequoia Capital, Tencent, RTP Ventures, Unilever Ventures, and Better Capital, a statement said.

In addition, Balaji Srinivasan and Sriram Krishnan participated as independent investors, among others, it added.

Khatabook said it is buying back USD 10 million worth of ESOPs “to acknowledge and reward employees, ex-employees, and early investors who contributed to the company’s growth”.