Y Combinator-backed startup CashBook, has raised $2.3 million in a seed funding round. The round was led by prominent VCs JAM and Better Tomorrow Ventures. Kunal Shah, Anupam Mittal and a host of other angel investors also participated in the round.
The funds raised through this round will be used to further enhance the product as well as to expand its pan-India reach.
Launched in August 2020 by Vivek and Ashutosh, CashBook helps small businesses track their income and expenses through their mobile app. In just one year, its adoption has grown very rapidly, clocking more than 1 million downloads.
Vivek Kumar, co-founder