HostBooks raises $3M in debt funding to expand operations, product line
In its Series A investment round, HostBooks acquired $3 million in debt financing. The funding will be used by the fintech startup to expand its operations as well as existing product line. HostBooks, a Gurugram-based finance business, has raised $3 million in debt financing in its Series A fundraising round. Razorpay, a fintech startup, led the round. HostBooks plans to utilize the funding to expand its operations and expand its existing product line. It will also invest in the development of new tools to help with order administration, neo-banking, sophisticated inventory and production management, and an AI-based posting and recommendation system. Harshil Mathur, CEO and cofounder of Razorpay, stated, "It is encouraging to see that firms like HostBooks are playing a crucial part in fostering a vibrant growth environment for small businesses. With a common objective of supporting company growth, we will collaborate to create a better, seamless business operations ...