Accounting and invoicing app developer Khatabook is reportedly closing in on a funding round featuring existing investor Tencent that will value it at up to $300m.

India-based accounting and invoicing software provider Khatabook is near to raising $70m from investors including internet group Tencent at a valuation of $275m to $300m, the Economic Times reported on Monday.

B Capital Group, the investment firm sponsored by management consultancy Boston Consulting Group, is expected to lead the round, with venture capital firm Sequoia Capital also likely to invest.

Founded in 2018, Khatabook has developed an app with an estimated 1.1 million daily active users that helps small and…

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