Razorpay is invested $3M in Hostbooks Limited. HostBooks raised this fund to up scale the operations and enhance its product suite. Launching of HB Neo App, Neo Banking, Order Management System, Business Intelligence, Advanced Business Process System for various industries.

With this fund the HostBooks will become the one-stop-solution provider for all business and finance operations needs of MSMSEs in India.

Kapil Rana, founder, HostBooks said "We are simplifying and automating the entire business process by focusing on the sources of the transactions, banking, accounting, and tax compliances with an integrated end-to-end business management solution. HostBooks, with its large range of services like billing, accounting, inventory management, payroll, compliance management, banking, and advanced business reporting, envisages making the whole process automated, easy to understand, hassle-free, and efficient." [Source: Business Standard]

Harshil Mathur, CEO and cofounder, Razorpay said, "It is promising to see that companies like HostBooks are playing a critical role in creating a thriving growth environment for small businesses. With our shared vision of fostering growth for businesses, we would work together towards building a stronger, frictionless business operations SaaS and banking ecosystem for millions of MSMEs in India."  [Source: inc42]

"We share a common vision with Razorpay, which is to build the financial backbone for businesses in India and enable them to thrive. This funding is a major step forward in that direction. Through Razorpay's support and expertise, we would not only be able to make business processes simpler for entrepreneurs but also give them the tools they need to fast track the growth of their business,"  added Biswajit Mishra, Co-founder, HostBooks. [Source: PR NEWS Wire]

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