MS Dhoni's New Big Investment: Legendary Cricketer Invests in Bengaluru-Based Startup KhataBook

Mumbai, March 10, 2023 - Indian cricket legend MS Dhoni has made a significant investment in KhataBook, a Bengaluru-based startup that provides financial management solutions to small entrepreneurs and shopkeepers. The company's valuation has soared to Rs 4,500 crore, making it one of the most notable investments by a celebrity in recent times.

Founded in 2018 by Ashish Soni, Dhanesh Kumar, Vaibhav Kalpe, Jaideep Poonia, and Ravish Naresh, KhataBook is a platform that enables shopkeepers to manage their financial transactions online. The app allows users to track payments received from customers securely and efficiently.

Ravish Naresh, CEO of KhataBook, hailed from Bengaluru and previously worked as the co-founder and COO of Housing.com. Under his leadership, Khatabook has seen rapid growth, attracting several investors, including MS Dhoni.

"KhataBook is a testament to the power of innovative technology in simplifying financial transactions for small businesses," Ravish Naresh said in an interview. "We are thrilled to have MS Dhoni on board and believe that his investment will further accelerate our growth plans."

The creation story of KhataBook begins with noticing the rise in digital payment usage among Indian citizens, but recognizing the need for a platform that made managing online expenses more user-friendly. The result was the development of the KhataBook app.

MS Dhoni's new investment in Khatabook marks his latest venture into the startup scene. The legendary cricketer has come up with several successful business ventures and investments in recent years, showcasing his growing interest in the world of entrepreneurship.

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