HostBooks raises $5 million in a Series B round from Orange Orbit LLP

HostBooks, an enterprise SaaS fintech startup, has raised $5 million in a Series B funding round from Orange Orbit LLP. The first tranche of $2.5 million has already been disbursed.

The investment is part of a larger $15 million fundraising effort that aims to boost HostBooks’ growth, product innovation, and global expansion.

What does HostBooks do?  

Founded in 2009 by Biswajit Mishra and Kapil Rana, HostBooks provides cloud-based business automation solutions. These solutions help companies handle compliance, accounting, finance, and various operational complexities.

The startup plans to use the raised capital to scale its international presence, enhance AI-driven modules, and strengthen teams across sales, product marketing, and operations.

Investor comments

Orange Orbit LLP’s Managing Partners, Umang Nahata and Rakesh Raman said in a joint statement, “We align with HostBooks’ vision and share its fervour for serving and delighting global customers on their journey of business automation and AI transformation."

"We possess extensive market knowledge and have successfully built and scaled businesses in a similar segment. Combining our deep market expertise with HostBooks’ comprehensive and robust business automation platform, we are confident that HostBooks is strategically positioned for global success.”