SaaS Startup HostBooks Secures $5 Mn Series B Funding

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HostBooks, a SaaS-based accounting firm, secured $5 million, or approximately INR 42.4 crore, from Orange Orbit LLP as part of its $15 million Series B fundraising round.

The business intends to use the additional funding to develop its AI product line, increase its worldwide presence, and bolster its administrative, product marketing, and sales teams.

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HostBooks distinguishes itself by embracing the most recent ideas in cloud computing, providing multi-zone hosting, a multi-tenant single-instance database, and an open API architecture for a cohesive user experience.

The finance behemoth Razorpay led the company’s $3 million Series A fundraising round in 2022.

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About HostBooks

Founded by Kapil Rana in 2009 and Powered by Artificial Intelligence (AI), Machine Learning (ML), Big Data Capabilities and cloud computing, HostBooks empowers business owners with complete operational control with Realtime geographical and segmental monitoring and management.

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