Digital cash accounting for Indian small businesses — Ramp for India
HQ: Bengaluru, India | Founded: 2020 | Employees: 20 | Stage: Seed | Website: https://cashbook.com
CashBook is a mobile-first fintech app for Indian small businesses to track income, expenses, and manage cash flow. Users can add entries, segregate records, and find overall balance instantly. Launched in August 2020, the app rapidly grew to 1M+ downloads within its first year. The company later evolved its offering to include UPI-based employee expense management (positioned as 'Ramp for Indian Businesses'), enabling companies to issue UPI wallets for employee expenses. CashBook also expanded to African markets. Founded by Vivek Kumar (CEO) and Ashutosh Pathak (CTO). Kumar is a serial entrepreneur who previously built RaseedBook and Alluzo. The company participated in Y Combinator's Winter 2021 batch. Raised $2.3M seed round led by JAM Fund and Better Tomorrow Ventures, with participation from Kunal Shah (Founder of Cred), Anupam Mittal (Founder of Shaadi.com, Shark Tank India), and other angels. HQ in Bengaluru, India.
CashBook started as a simple mobile accounting app for Indian small businesses (track income/expenses), hitting 1M+ downloads in its first year. The team then evolved the product toward UPI-based employee expense management, positioning as 'Ramp for India'. The founding team has strong Indian fintech ecosystem connections (backed by Kunal Shah, Anupam Mittal). The $2.3M seed from JAM and BTV is solid. Key challenge: competing with Khatabook and OkCredit who dominate the Indian SMB accounting space.
Browse: Home | Blog | About | All Startups A-Z | View full profile on StartupWiki