Hisabkitab, an AI-powered and cloud-native accounting platform for small and medium-sized businesses (SMBs), has raised an undisclosed amount in a seed funding round from a group of angel investors and high-net-worth individuals (HNIs) at a valuation of ₹20 crore.
The company will use the fresh capital to strengthen its artificial intelligence capabilities by developing its AI Intelligence Layer, which will include an Audit Agent, Tax Preparation Agent, Accounts Receivable Agent, Accounts Payable Agent, and several other AI-driven solutions, according to a company statement.
Founded in 2022 by Shrigopal Malani and Abhinav Sharma, Hisabkitab integrates artificial intelligence, cloud technology and end-to-end accounting capabilities into a single platform. As a result, businesses can replace multiple billing, bookkeeping, compliance and financial reporting tools with one unified solution.
The Surat-based startup said its platform improves accounting accuracy, operational productivity and financial visibility by combining automation with an integrated software ecosystem. Consequently, businesses no longer need to manage multiple disconnected software subscriptions.
According to market research, the Indian accounting software market reached a value of nearly $699 million in 2025 and is projected to grow to almost $1.5 billion by 2034, registering a compound annual growth rate (CAGR) of 8.83 percent between 2026 and 2034.
Hisabkitab said it has attracted more than 30,000 sign-ups while serving over 2,700 paying SMEs and startups. Additionally, the company reported nearly sixfold growth in monthly revenue, which increased from ₹4.18 lakh in May 2025 to ₹25.01 lakh in June 2026.
Going forward, the startup plans to invest in customer acquisition through performance marketing and organic growth initiatives. It also intends to expand its CA Partner Program across India while strengthening its product and business teams through strategic hiring.
Hisabkitab competes with accounting software providers including Vyapar, Tally, Khatabook, MyBillBook, Zoho Books, Busy and Swipe, while also targeting businesses that continue to rely on manual Excel-based accounting workflows.
With fresh funding and a growing customer base, Hisabkitab aims to accelerate product innovation, strengthen its AI-powered accounting ecosystem and expand its presence in India’s rapidly growing accounting software market.
