HostBooks Bags $5 Mn As Part Of Larger $15 Mn Series B Round

HostBooks is a leading Enterprise SaaS Fintech that provides mission critical business automation solutions. HostBooks has successfully secured USD 5 million from Orange Orbit LLP, with the first tranche of USD 2.5 million already disbursed. This funding is a part of the larger Series B round of USD 15 million.

Umang Nahata and Rakesh Raman, Managing Partners at Orange Orbit LLP, expressed their confidence in HostBooks’ growth potential stating “We align with HostBooks’ vision and share its fervor for serving and delighting global customers on their journey of business automation and AI transformation. We possess extensive market knowledge and have successfully built and scaled businesses in a similar segment. Combining our deep market expertise with HostBooks’ comprehensive and robust business automation platform, we are confident that HostBooks is strategically positioned for global success.”

Funds will be utilised for scaling HostBooks’ presence in international markets, enhancing and expanding HostBooks’ product offerings, adopting advanced AI-driven modules and strengthening teams across sales, product marketing and operations.

Founded by Biswajit Mishra and Kapil Rana in 2009, HostBooks offers cloud-based solutions, assisting businesses in addressing compliance, accounting, finance, and operational complexities. In 2022, the company secured $3 Mn in its Series A funding round led by fintech giant Razorpay.