Y Combinator-backed startup CashBook has raised $2.3 million in a seed round 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.
Launched in August 2020 by Vivek and Ashutosh, CashBook is a digital record-keeping app using which businesses can add entries, segregate records, and find overall balance instantly.
It helps small businesses track their income and expenses through their mobile app. In just a year, its adoption has grown very rapidly — clocking more than one million downloads.
The startup will use the funds to further enhance the product and expand its pan-India reach, Vivek Kumar said.
