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Khatabook acquires Biz Analyst for $10 million

Two year-old startup Khatabook posted losses of  ₹126 crore in 2019-20, with zero operating revenue since the start of operations. (Photo: iStock)Premium
Two year-old startup Khatabook posted losses of 126 crore in 2019-20, with zero operating revenue since the start of operations. (Photo: iStock)

This is the first acquisition by Khatabook, which will now offer premium subscription services such as automatic reconciliation and digital invoicing capabilities to its 8.5 million monthly active merchant partners

Digital ledger startup Khatabook has acquired software-as-a-service (SaaS) accounting software Biz Analyst, for $10 million in a mix of cash and equity, it said on Thursday.

This is the first acquisition by Khatabook, which will now offer premium subscription services such as automatic reconciliation and digital invoicing capabilities to its 8.5 million monthly active merchant partners.

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