MSME Super-app, HostBooks raises $3Million in Series-A Funding from Razorpay; Plans to Strengthen its Product Suite
New Delhi, June 10, 2022: Micro, Small and Medium Enterprise (MSME) focused fintech start-up HostBooks today announced that it has raised $3 Million in a Series-A funding round led by Razorpay, Indiaโs Leading Full-Stack Financial Services Company. HostBooks plans to utilize the fund to not only add new features to its existing product suite but also to develop innovative products including a ย deep learning-based Business Intelligence System and an AI-based Posting and Recommendation System. ย
Hostbooks intends to utilize the Series-A funding to further scale its operations and enhance its existing product suite with the launch of new products supporting order management, neo-banking, advanced inventory & production management and AI based business decision making tools to better support its wide customer base in the country. With this, HostBooks will be a step closer to becoming a one-stop shop for all Business and Finance Operations needs of MSMEs in India.โฏ
