Khatabook was originally founded by Vaibhav Kalpe in 2016. The company was later acquired by Kyte Technology — founded by Ravish Naresh, Jaideep Poonia, Dhanesh Kumar and Ashish Sonone — in 2019, with Kalpe joining the company.
Khatabook helps small shopkeepers and kirana store (mom and pop stores) owners in India manage their account by keeping track of the money owed to them through digital ledger. It also offers several features to make collection of money earlier through the use of technology.
Ninjacart was set up by Thirukumaran Nagarajan, Sharath Loganathan, Sachin Jose, Kartheeswaran KK and Vasudevan Chinnathambi in May 2015. Ninjacart is an agritech startup that sources groceries, fruits and vegetables directly from farmers and supplies to supermarkets as well as kirana stores.
The company claims to move over 1,400 tonnes of fresh produce, which includes fruits and vegetables, per day from farmers to over 17,000 local stores and restaurants across 20 cities. “They have grown more than 20x in 4 years time and have been able to capture the market really well by streamlining the entire supply chain in agriculture. They have been able to amass a huge network of farmers and retailers and restaurants,” Gaurav VK Singhvi, cofounder at investment firm We Founder Circle, said.