# Udhaar Book

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/udhaar-book

- Industry: Software
- Headquarters: Pakistan
- Website: http://www.udhaar.pk
- Total disclosed funding: $6M
- Latest round: Seed (Nov 8, 2021)
- Investors on record: 8

## About

Udhaar Book is a financial management platform tailored for small to medium-sized businesses, streamlining cash flow management, invoicing, payroll, and credit transactions through an easy-to-use application.Founded in 2020 in Pakistan, Udhaar Book is dedicated to enhancing financial operations for small to medium-sized enterprises. The company has pivoted to focus primarily on digital bookkeeping and integrated financial services. The founder, Shahjahan Warraich, has a background in supporting the digital finance space. In November 2021, Udhaar Book raised USD 6 mn in Seed funding from various investors, including Fatima Gobi Ventures and Atlas Ventures, bringing the total amount raised to USD 6 mn after this round.Udhaar Book is a comprehensive financial management application designed primarily for small to medium-sized businesses. Its core offerings include a cash book, credit ledger, inventory management tools, payroll automation, and invoicing functionalities. The app enables users to efficiently manage cash flows, track income and expenses, and handle udhaar (credit) transactions seamlessly. Through the Udhaar platform, businesses can send free reminders and invoices, automate payroll processes, manage attendance, and oversee inventory levels with timely alerts for restocking. The software caters to a diverse clientele, including retailers, distributors, and service providers across various sectors such as grocery, electronics, healthcare, and hospitality. Currently, the application is extensively used within Pakistan, catering to millions of businesses that seek to simplify their financial operations.Udhaar Book generates revenue through multiple channels, primarily involving subscription-based services and commission structures. Businesses using the platform can execute financial transactions, such as paying utility bills and selling mobile recharge vouchers, earning commissions on each transaction. For instance, when a retailer pays utility bills for customers, they receive a sizable commission for facilitating the payment through the app. Additionally, the app supports retail transactions where users can sell digital vouchers for gaming and streaming services, earning a percentage based on the sale price. The structure is designed to empower small businesses and entrepreneurs to enhance their revenue streams without significant upfront investments, all while leveraging the application’s comprehensive financial management features.Following the Seed funding round completed in November 2021, where Udhaar Book raised USD 6 mn, the company plans to expand its app ecosystem. This funding will enable the development of additional features to support digital bookkeeping, inventory management, invoicing, staff attendance, and payroll operations in a single app. Udhaar Book aims to target international markets in the next two years, facilitating growth and accessibility of its services beyond Pakistan.

## Funding rounds

- Seed, Nov 8, 2021, $6M — Atlas Venture, Integra Ventures, Muir Capital, Commerce Ventures, Liberty City Ventures, Fatima Gobi Ventures, Jam Fund
- Seed, Mar 22, 2021 — Y Combinator

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Atlas Venture (https://capitalatlas.ai/funds/atlas-venture) — Seed
- Integra Ventures (https://capitalatlas.ai/funds/integra-ventures) — Seed
- Muir Capital — Seed
- Commerce Ventures (https://capitalatlas.ai/funds/commerce-ventures) — Seed
- Liberty City Ventures (https://capitalatlas.ai/funds/liberty-city-ventures) — Seed
- Fatima Gobi Ventures (https://capitalatlas.ai/funds/fatima-gobi-ventures) — Seed
- Jam Fund (https://capitalatlas.ai/funds/jam-fund) — Seed