Tencent and Unilever Ventures returned for a round valuing the accounting and invoicing platform developer at nearly $600m.

India-based accounting and invoicing software developer Khatabook secured $100m yesterday in a series C round that included internet group Tencent and consumer goods conglomerate Unilever, the latter through subsidiary Unilever Ventures.

Tribe Capital and Moore Strategic Ventures co-led the oversubscribed round and were also joined by Alkeon Capital, Sequoia Capital, RTP Global, B Capital Group, Better Capital and private investors Balaji Srinivasan and Sriram Krishan.

Founded in 2018 and currently boasting 10 million monthly active users, Khatabook provides digital tools…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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