Indian accounting software program startup Hisabkitab has raised an undisclosed quantity in seed funding from a bunch of angel investors and high-net-worth people.

The Surat-based startup mentioned the investment valued it at Rs 20 crore.

Hisabkitab plans to make use of the cash to develop what it calls its AI Intelligence Layer, which is predicted to incorporate instruments for auditing, tax preparation, accounts receivable, accounts payable, monetary reporting, and enterprise forecasting.

The startup mentioned it would additionally improve spending on buyer acquisition, develop its Chartered Accountant Accomplice Programme throughout India and recruit employees for its product and enterprise groups.

Based in 2022 by chartered accountants Shrigopal Malani and Abhinav Sharma, Hisabkitab offers cloud-based accounting software program for small and medium-sized companies.

Its platform brings collectively invoicing, bookkeeping, stock administration, tax compliance and monetary reporting. Current options embody GST-ready invoicing, e-way payments, e-invoicing, monetary studies and AI-powered doc scanning, in accordance with the startup’s web site and app listings.

The platform is meant to scale back the necessity for companies to make use of separate programs for billing, accounting, compliance and reporting.

“We did not construct Hisabkitab as a result of we noticed a market alternative on a slide deck. We constructed it as a result of we lived with the issue ourselves,” Shrigopal Malani, co-founder and CEO, mentioned within the startup’s funding assertion.

He mentioned the founders’ expertise in accountancy had uncovered them to issues involving tax filings, reconciliations and guide monetary processes.

“This funding is a robust validation of that imaginative and prescient and can assist us speed up product innovation, strengthen our AI capabilities and empower extra companies to handle their funds with confidence,” he added.

Hisabkitab mentioned greater than 30,000 folks had signed up for its platform and that it had greater than 2,700 paying small companies and startups. 

Its month-to-month income had risen from Rs 4.18 lakh in Could 2025 to Rs 25.01 lakh in June 2026, a rise of just about six occasions. It didn’t present audited monetary statements alongside the announcement.

Abhinav Sharma, co-founder and chief advertising officer, mentioned the funding will permit the corporate to enhance its software program, broaden its attain and put money into buyer expertise.

“Constructing nice software program is just a part of the journey. Creating lasting buyer belief comes from constantly delivering worth, reliability and innovation,” he mentioned.