Indian’s Khatabook co-founder and CEO Ravish Naresh has joined as an angel investor in the Indonesian accounting platform BukuWarung while B2B commerce startup Moglix has named Neelam Dhawan, former managing director of Microsoft India, as a board advisor.
Khatabook founder invests in BukuWarung
Indian’s Khatabook co-founder and CEO Ravish Naresh come on board as an angel investor in Indonesian accounting platform BukuWarung, co-founder Chinmay Chauhan posted in his LinkedIn account.
BukuWarung and Khatabook have a similarity in the business model. Both provide financial solutions for small-medium businesses by recording financial transactions digitally and accepting payment online with an app.
BukuWarung was founded in 2019 by Chinmay Chauhan and Abhinay Peddisetty, who previously worked at Carousell together. To date, more than 3.5 million merchants have joined BukuWarung from tier 2 and 3 locations.
The startup recently raised funding from Rocketship.vc, and early backers of global fintech players Adyen, Nubank, Revolut, and an Indonesian retail giant. Rocketship.vc, a Silicon Valley-based global investor, which is also a backer in Khatabook, an Indian market leader in the digital bookkeeping space.
BukuWarung is backed by Y-Combinator, Quona Capital, East Ventures, AC Ventures, DST Global Partners, Golden Gate Ventures, and Tanglin Venture Partners. Other angel investors include Michael Sampoerna, Plaid co-founder William Hockey, Snapdeal founders as well as strategic angels from Grab, Gojek, Stripe, Modalku, Xendit, Airbnb, Carousell, and Rapyd.
Moglix appoints ex-Microsoft exec as a board advisor
B2B commerce startup Moglix has named Neelam Dhawan, former managing director at Microsoft India, as a board advisor, The Economic Times reported.
In this new role, she will support Moglix to reimagine B2B commerce and supply chain at scale globally.
Before joining Moglix, Dhawan has worked at Hewlett Packard Enterprise and Microsoft, IBM and HCl, among other companies.
Currently, she is a supervisory board member at Royal Philips, Netherlands, and non-executive director at ICICI Bank India, Skylo Technologies, Capita PLC, and Yatra Online.
Founded in 2015, Moglix is an e-commerce platform for industrial tools and equipment. The company is engaged in marketing industrial supplies.