Private Equity

VC Fund Investments

Bookkeeping platform GimBooks raises funding from First Check Ventures, Y Combinator

MyBigPlunge  

​​GimBooks, a Chattisgarh-based fintech startup for small and medium enterprises (SMEs), has raised seed funding from a network (syndicate) of angel investors pooled in by First Check Ventures through the US-based AngelList platform. The round was led by Ali Jamal, Founding Partner at First Check Ventures. Startup accelerator Y Combinator also invested USD 125,000 in GimBooks. This is the first funding round raised by GimBooks since its inception in 2018. The firm will use the funds to ramp up its team, product development and to accelerate customer acquisition via increased marketing spends. The startup, which offers a bookkeeping, accounting, lending, banking and digital business management platform to SMEs, claims to have acquired 12, 500 paid users. GimBooks is currently in talks with a few more international investors to raise its Pre-Series A funding round in the upcoming months.