Surat-based startup plans to strengthen AI capabilities, scale customer acquisition, and accelerate growth across India
Surat, India: AI-powered accounting platform Hisabkitab 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 fresh capital will be used to strengthen the company’s artificial intelligence capabilities, expand its customer base, and enhance its product offerings for small and medium businesses (SMBs).
Founded in 2022 by Shrigopal Malani and Abhinav Sharma, Hisabkitab is building a cloud-native accounting platform that combines AI-driven automation with end-to-end financial management. The platform aims to simplify accounting by replacing multiple disconnected tools for billing, bookkeeping, compliance, taxation, and reporting with a single integrated solution.
Funding to Accelerate AI Development
According to the company, the newly raised capital will primarily be deployed to develop its proprietary AI Intelligence Layer, which will introduce specialized AI agents capable of automating various accounting functions.
The planned AI suite includes:
- Audit Agent
- Tax Preparation Agent
- Accounts Receivable Agent
- Accounts Payable Agent
- Additional AI-powered financial assistants
These AI agents are designed to automate repetitive financial workflows, improve compliance, reduce manual intervention, and help businesses make faster financial decisions.
Building an AI-Native Accounting Platform
Hisabkitab positions itself as an AI-first accounting platform built specifically for India’s growing SME ecosystem. Instead of requiring businesses to use multiple software solutions for different accounting functions, the platform integrates financial operations into a unified cloud-based system.
By combining artificial intelligence with cloud infrastructure, the startup aims to improve accounting accuracy, increase operational efficiency, and provide businesses with real-time financial visibility.
The company believes this integrated approach helps businesses eliminate the complexity and cost of managing multiple software subscriptions while simplifying everyday financial operations.
India’s Accounting Software Market Continues to Expand
The funding comes at a time when India’s accounting software industry is witnessing strong growth, driven by rapid digitalisation among businesses.
According to market research cited by the company, the Indian accounting software market was valued at nearly $699 million in 2025 and is projected to reach approximately $1.5 billion by 2034, growing at a CAGR of 8.83% between 2026 and 2034.
Increasing GST compliance requirements, cloud adoption, and AI-driven automation are expected to further accelerate demand for intelligent accounting platforms across the country.
Strong Customer Growth
Hisabkitab says it has witnessed significant traction since launch.
The platform has attracted more than 30,000 sign-ups while serving over 2,700 paying SMEs and startups across India.
The company has also recorded rapid revenue growth over the past year. Its monthly revenue increased nearly sixfold from ₹4.18 lakh in May 2025 to ₹25.01 lakh in June 2026 reflecting growing adoption of AI-powered financial management tools among businesses.
Expansion Plans
Alongside product development, Hisabkitab plans to use the fresh capital to accelerate customer acquisition through both performance marketing and organic growth initiatives.
The startup will also expand its CA Partner Program across India to strengthen distribution through chartered accountants and financial professionals. Additionally, it plans to hire talent across product development, engineering, and business functions to support its next phase of growth.
Competitive Landscape
Hisabkitab operates in India’s increasingly competitive accounting software market, competing with established players including Vyapar, Tally, Khatabook, MyBillBook, Zoho Books, Busy, and Swipe, while also targeting businesses that continue to rely on traditional Excel-based accounting workflows.
With fresh funding and a strong focus on AI-powered automation, the company aims to position itself as a next-generation accounting platform that helps Indian SMEs simplify finance operations, improve compliance, and make smarter business decisions through intelligent automation.
By : Vanshika Tayal
