Fintech start-up Khatabook acquires Biz Analyst for $10 million

Khatabook will offer its customer base of over 10 million monthly active merchants an opportunity to scale up businesses

Aiming to leapfrog in its next phase of growth, fintech start-up Khatabook has acquired Biz Analyst, a SaaS business management application, in a deal worth $10 million as a mix of cash and equity. With this acquisition, Khatabook will offer its customer base of over 10 million monthly active merchants an opportunity to scale up their businesses by utilizing premium value-added services. The startup is scouting for other such acquisitions in order to add more services to the platform.

Backed by marquee investors such as Facebook co-founder Eduardo Saverin, Cred’s Kunal Shah, and Snapdeal co-founders Kunal Bahl and Rohit Bansal, this