Accounting & tax mgmt platform Febi.ai raises $2-M

Gurugram-based accounting and tax management platform Febi.ai has raised USD 2 million in a pre-Series A funding round from Lumis Partners, Virender Rana, Lenskart co-founder Amit Chaudhary, Padmaja Ruparel, Cashkaro co-founder Rohan Bhargava, Rajat Jain, and others.The proceeds will be used to advance its artificial intelligence capabilities to automate accounting and tax compliance processes, ramp up customer acquisition and expand its workforce.Co-founded in 2022 by Amit Jindal, Saurabh Jain, Ashu Goel, and Rahul Bansal, Febi.ai automates documentation management and tax compliance while providing founders and entrepreneurs with real-time business insights to make informed decisions.