Ashish Sonone is a co-founder of Khatabook. He studied at IIT Bombay. He worked as a software engineer before joining the Kyte team.
Ravish Naresh and his college friends built Kyte.ai, a spend manager app, in 2016. In October 2018 Kyte Technologies took over the Khatabook product, which became the focus of the business.
In 2019 and 2020 Khatabook raised a $25 million Series A from backers that included GGV Capital, Sequoia India, Tencent and Y Combinator. In May 2020 it raised a $60 million Series B led by B Capital.
In August 2021 it raised a $100 million Series C led by Tribe Capital and Moore Strategic Ventures at a valuation of about $600 million.