India’s OkCredit raises $67M to help small merchants digitize their bookkeeping

0
6

OKCredit, a Bangalore-based startup that enables small merchants to turn their bookkeeping digital, has raised $67 million to expand its business in the nation.

The Series B financing round for the two-year-old startup was led by Lightspeed and Tiger Global. The new round, which follows Series A financing round in June this year, climbs OkCredit’s total raise to $87 million.

OkCredit operates an eponymous mobile app that allows merchants to keep track of their day-to-day purchases and sales. Last month, startup founders told TechCrunch that the app had amassed over 5 million active merchants across 2,000 cities in India.

More to follow…

Written by Manish Singh
This news first appeared on https://techcrunch.com/2019/09/12/okcredit-series-b/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Techcrunch+%28TechCrunch%29 under the title “India’s OkCredit raises $67M to help small merchants digitize their bookkeeping”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.