• About
  • Contact
Saturday, June 25, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

Khatabook to launch insurance, credit this year

Abdul Kadir Khan by Abdul Kadir Khan
March 9, 2021
in News, Startup
Reading Time: 2 mins read
A A
0
Khatabook: NBB

Khatabook: NBB

Khatabook, a digital ledger app, is expanding its operations. It has started pilot testing of insurance and credit operations, launched recently. The startup is planning to take advantage of its 8.5+ million monthly user base to start a new revenue stream.

What Khatabook CEO Says about Current Growth?

In 2019-20, the company had a total loss of Rs 126 crore. It also had zero revenue since starting Khatabook operations. It planned to enter other financial streams like insurance and credit for growth. The two-year-old startup is also working on some additional features to make Khatabook popular among Kirana stores.

In the coming days, the company will also provide paid subscription-based services to Kiranas. Paid services will help Kiranas in getting more customers through more visibility online. Khatabook collected $100 million from its investors like Sequoia Capital, Tencent, B Capital, etc. MS Dhoni, Ex-Captain of the Indian Cricket Team, is a star investor of Khatabook.

Talking about the recent developments, Ravish Naresh, CEO and Co-founder said:

“In last 2 years, we focussed on the product development and capturing maximum market share. The company’s priority was to provide as many as features possible for merchants. We worked hard on the software. We also wanted to have maximum reach and gain a majority share of the market. Recently started financial services and credit functionalities by Khatabook is natural extensions of our domain.”

In December 2020, Khatabook brought employee management feature, Pagarkhata, to help Kirana stores to manage attendance, salary-related activities of workers. The bookkeeping app and MyStore are the other two major services started by Khatabook.

photo 2021 03 09 16 18 01
MS Dhoni: Star Investor of Khatabook

“There is a common belief that people don’t pay, but if you will provide value, merchants will be happy to pay for the valuable services,” said Natesh.

Khatabook Future Plan and Recent Key Services

The company’s next plan is to enter in invoicing and Goods and Services Tax(GST) for Micro, Small, and Medium Enterprises(MSME). It will launch a new app for these services in the second quarter of 2021. It is also working on an inventory feature to make wholesalers’ life easy.

More than one million monthly active users benefit from Pagarkhata, whereas 3.72 million users have downloaded the MyStore app. Khatabook has helped in 1.03 billion transactions last year with a total value of $100 billion. It claims to have a total of 41 million unique users since its inception.

Pagarkhata has close to one million monthly active users, and around 3.72 million merchants have installed the MyStore app. It has seen nearly 41 million unique merchant log-ins on the Khatabook app since its inception.

Khatabook claims to have recorded 1.03 billion transactions on its platform last year worth $100 billion in transaction value.

Previous Post

Pranay Jivrajka, Another Top Official, Resigns from Ola

Next Post

Salil Parekh Awarded as the Best CEO in Private Sector by Forbes India

Abdul Kadir Khan

Abdul Kadir Khan

Abdul Kadir Khan is a Content Writer at Next Big Brand. Hails from UP. Postgraduate in Computer Science. Content Maniac and Trainer. Love to write about startups, Brands, and Trending Tech.

Related Posts

images 9 17
Cryptocurrency

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
Khaby Lame Tiktoker
Creators

Khaby Lame Becomes World’s Most Popular TikToker

June 24, 2022
Pine Labs Founder
News

Merchant Platform Pine Labs Acquires Fintech Infra Startup Setu for $70-75 Million

June 23, 2022
Ebay KO
Cryptocurrency

eBay Acquires NFT Marketplace KnownOrigin For An Undisclosed Sum

June 23, 2022
Cashify Founders
News

Cashify Raises $90 Million in Series E Round Led By NewQuest & Prosus

June 23, 2022
Uniswap founder
Cryptocurrency

Uniswap Acquires NFT Marketplace Aggregator Genie to Further its Goals

June 22, 2022
Next Post
Salil Parekh:CEO of Infosys- NBB

Salil Parekh Awarded as the Best CEO in Private Sector by Forbes India

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BROWSE BY TOPICS

Acquiring amazon Apple Brands brand story Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding google Indian Crypto Startups Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Netflix NFT NFT Collection NFT India Non Fungible Tokens Ola OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india startups in india Swiggy Tiktok TikTok India Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad WazirX YouTube Zomato
check more news on that pages youtube converter, filme online 2022, filme porno mature, porno amatoriale, nxnxx.org, https://xvideosxnxx.org, https://xoxporn.net

Instagram

Follow Me!

Recent News

  • Christiano Ronaldo and Binance Announce NFT Partnership
  • Khaby Lame Becomes World’s Most Popular TikToker
  • Merchant Platform Pine Labs Acquires Fintech Infra Startup Setu for $70-75 Million

Latest News

images 9 17

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
Khaby Lame Tiktoker

Khaby Lame Becomes World’s Most Popular TikToker

June 24, 2022
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.