Hisabkitab: An AI Powered Accounting Platform for SMEs

Hisabkitab, a cloud-native platform powered by artificial intelligence, has secured seed funding from a group of angel investors and high net worth individuals (HNIs), with the valuation set at Rs 20 crore. The investment aims to bolster its AI functionalities, focusing on the advancement of its AI Intelligence Layer, which includes an Audit Agent, Tax Preparation Agent, Accounts Receivable Agent, and Accounts Payable Agent, as stated in a recent press release.

About Hisabkitab

Launched in 2022 by Shrigopal Malani and Abhinav Sharma, Hisabkitab integrates artificial intelligence, cloud technology, and complete accounting capabilities within a single platform. This innovative approach eliminates the need for various disconnected billing, bookkeeping, compliance, and reporting tools.

Market Impact

According to the startup based in Surat, the fusion of automation and integration enhances accuracy, boosts productivity, and provides better financial visibility, while removing the complexities of managing multiple software subscriptions. Market research indicates that the Indian accounting software sector was valued at nearly $699 million in 2025, with projections suggesting growth to around $1.5 billion by 2034. This represents a compound annual growth rate (CAGR) of 8.83% from 2026 to 2034.

Performance Metrics

Hisabkitab reports that it has acquired over 30,000 sign-ups and serves more than 2,700 paying SMEs and startups. The company’s revenue has experienced significant growth, rising nearly sixfold within a year, from Rs 4.18 lakh in May 2025 to Rs 25.01 lakh in June 2026.

Future Plans

The company intends to invest in customer acquisition via performance marketing and organic channels, expand its CA Partner Program across India, and recruit talent across various product and business roles. Hisabkitab competes with accounting solutions like Vyapar, Tally, Khatabook, MyBillBook, Zoho Books, Busy, Swipe, and traditional Excel-based workflows.