Fintech startup Khatabook's valuation tops $600 mn after raising $100 mn

The firm is also buying back ESOPs worth $10 mn to acknowledge and reward employees, ex-employees, and early investors

Khatabook, a leading fintech start-up, has closed a $100 million Series C funding round, with a valuation now close to $600 million. The round was led by US-based VC firms Tribe Capital and Moore Strategic Ventures (MSV). Other investors in this oversubscribed series C round were Alkeon Capital, with continued investment participation from internal investors B Capital Group, Sequoia Capital, Tencent, RTP Global, Unilever Ventures, and Better Capital. In addition, top Silicon Valley investors Balaji Srinivasan, Sriram Krishnan participated as independent investors among others in Khatabook's series C funding round.

"The first phase of our journey was enabling digital transformation by