Khatabook to double team in 2022, hire engineering, product, data science talent

The fintech startup has already grown to a strength of 320 employees since its launch in 2019

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Khatabook, the Indian fintech startup, which has grown its team strength to 320 in three years, plans to further expand its team in 2022 by hiring talent in its engineering, design, product, and data teams. The main focus will be on engineering.

Since the Series C funding in August 2021, Khatabook has been ramping up its products and service offerings, including building financial services.

The SaaS Company is hiring skill sets to seamlessly re-architect services to support more users and build multi-tenant platforms that work with all its products as it grows. In addition to a tech mindset, “team collaboration capabilities along with capability to introspect and problem-solving are essential.”

Ravish Naresh, CEO, and co-founder, Khatabook, reveals that the Company “was born from the idea of uplifting India’s MSME ecosystem”. It has “product innovation at the core” and believes “transformation should begin from ‘within’”.

Gaurav Lahoti, VP engineering, Khatabook, reveals that they are “hiring for building and scaling a quality tech platform for India’s MSME”.

In this customer-first organisation, employees build the base for that philosophy and employees’ well-being is always top priority. “While hiring right is important, we are on a mission to set new standards in employee experience in India’s startup ecosystem,” says Naresh.

The headcount of the startup has grown three times in 2021 and is presently 320. The startup’s organisation has scaled to support this unprecedented growth by hiring efficiently and establishing people practices focused on holistic employee experience and well-being.

Founded in January 2019, Khatabook is used by over 10 million active users today from across India. It offers a range of software solutions to MSMEs for their business needs.

Amongst the host of best-in-class employee initiatives introduced to ensure employee wellness, and a thriving and truly meaningful career for the staff are:

Unlimited leaves: The company has introduced an unlimited leaves policy with no cap on the number of leaves an employee can avail. A few guidelines have been set to manage employee leaves without causing stress for co-workers. The startup trusts its employees to efficiently manage their absence from work and believes in giving them total freedom to decide the leaves they need.

ESOP buyback: The Company rolled out its first ESOP buyback worth $10 million to acknowledge and reward employees, former employees, and early investors who contributed to its growth.

Primary and secondary caregiver policy: Regardless of gender or sexuality, this policy applies to all new primary and secondary caregivers who are full-time employees. While primary caregivers are entitled to fully paid-time-off of up to 26 weeks for childbirth, adoption, or surrogacy. Secondary caregivers can take leave for up to four weeks, regardless of their gender.

Employee well-being time-offs and other practices: Khatabook offers mental health breaks at regular intervals. It has collaborated with Kaha-mind for mental health, permitting staff to schedule personal therapy sessions whenever they desire. The additional benefits such as no meeting Wednesdays, referral bonuses, internet and home office expense claims, virtual team feasts, covering vaccine drives for employees, and virtual team cultural events contribute towards building a culture.

Khatabook Grant programme: The Khatabook Grant programmes for employees and ex-employees of Khatabook help them start their own entrepreneurial journey in fintech and MSME tech SaaS-based solutions. Through this programme, the startups will selectively receive equity investment in the range of US$50,000 to US$100,000.

 

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