Khatabook

Fintech startup Khatabook lays off 42 employees to reorient business

Fintech startup Khatabook has laid off 42 employees, or 6 per cent of its total workforce, to reorient business in line with its targets, the company said on Friday. The company had a total workforce of 700 prior to the layoffs. "In-line with our profitability goals, we are reorienting some parts of our business which requires us to operate with a leaner team on certain business verticals," a Khatabook spokesperson said. "This restructuring has impacted 6 per cent of our 700 employees. All impacted employees have been provided with a separation package which covers 3 months of pay, stock vesting option, health insurance extension and other job search-related support," the spokesperson said. Khatabook -- valued at USD 600 million (about Rs 4,500 crore) after its previous funding round -- is backed by Sequoia Capital (now PeakXV Partners), Tencent, Tribe Capital, and Moore Strategic Ventures, among others. The company had raised USD 100 million (about Rs 743 crore) in the funding ro

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

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

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

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