When was ZipBooks founded?

ZipBooks was founded in 2013 and raised its 1st funding round 3 years after it was founded.

Where is ZipBooks located?

ZipBooks is headquartered in Ahmedabad, India. It is registered at 201, Abhishree Avenue, Opp. Hanumanji Temple, Nehrunagar, Ambaw, adi, Ahmedabad, Ahmedabad, Gujarat, India, 380015.

Who is the current CEO of ZipBooks?

Mohan Devumal Motiani of ZipBooks. They have also founded 2 companies.

Which legal entities is ZipBooks associated with?

ZipBooks is associated with ZIPBOOKS SOFTWARE SOLUTIONS PRIVATE LIMITED.

How many employees does ZipBooks have?

As of Aug 31, 2025, ZipBooks has 14 employees, reflecting a 8% year-over-year growth in headcount.

Is ZipBooks a funded company?

ZipBooks is a funded company, having raised a total of $***** in its 1st and only funding round, a Angel round on Apr 13, 2016.

How much is ZipBooks worth?

The latest valuation of ZipBooks is ₹***** as of Oct 26, 2016.

When was the latest funding round of ZipBooks?

ZipBooks' latest funding was a $***** Angel round on Apr 13, 2016, with participation from 0 investor. Its primary sector is Finance & Accounting Tech. In India, the Finance & Accounting Tech sector has seen $12.8M in funding in 2026 to date.

What is the annual revenue of ZipBooks?

Annual revenue of ZipBooks is less than ₹10 Cr as on Mar 31, 2025

Where does ZipBooks rank among its competitors?

ZipBooks ranks 146th amongst 2402 active competitors, of which 186 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Pennylane, which secured $205M in Jan, 2026.

Who are the top competitors of ZipBooks?

ZipBooks' top competitors include Intuit, Pennylane and Deltek. Among them, Pennylane secured the most recent funding round in January, 2026.

ZipBooks - 2026 Company Profile, Team, Funding, Competitors & Financials

ZipBooks is a seed company based in Ahmedabad (India), founded in 2013 by Hemal Jitendra Bhatt and Mohan Devumal Motiani. It operates as a Cloud Based accounting software for small businesses. ZipBooks has raised $150K in funding, with a current valuation of ₹*****. The company has 2402 active competitors, including 186 funded and 157 that have exited. Its top competitors include companies like Intuit, Pennylane and Deltek.

Company Details

Cloud Based accounting software for small businesses. It offers solutions for inventory management, sales delivery, reports and more.

Website: www.zipbooks.in/
Social
Email ID: *****@zipbooks.in
Part Of
Registered Address: 201, Abhishree Avenue, Opp. Hanumanji Temple, Nehrunagar, Ambaw, adi, Ahmedabad, Ahmedabad, Gujarat, India, 380015

Key Metrics

Founded Year

2013

Location

Ahmedabad, India

Stage

Seed

Total Funding

$150K in 1 round

Latest Funding Round

Angel, Apr 13, 2016, $*****

Post Money Valuation

₹***** as on Oct 26, 2016

Investors

Nikul Patel

Ranked

146^th among 2402 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

14 as on Aug 31, 2025

Similar Companies

Intuit & 3056 more

View ZipBooks' full profile

ZipBooks is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
ZIPBOOKS SOFTWARE SOLUTIONS PRIVATE LIMITED CIN: U72100GJ2015PTC083896 , India, Active	Jul 21, 2015	0 - ₹10 Cr (As on Mar 31, 2025)	14 (As on Aug 31, 2025)

ZipBooks has raised a total funding of $150K over 1 round. ZipBooks has 1 angel investor.

Here is the list of recent funding rounds of ZipBooks:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 13, 2016	3428977	Angel	1944479	9248900	3304515	3830843

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View details of ZipBooks's funding rounds and investors

The founders of ZipBooks are Hemal Jitendra Bhatt and Mohan Devumal Motiani. Mohan Devumal Motiani is the CEO of ZipBooks.

Here are the details of ZipBooks' key team members:

Hemal Jitendra Bhatt: Co-Founder & CTO of ZipBooks and founder of 2 other companies, AccuPay and Elite POS. They serve on the boards of 2 companies.
Contact Info: 1 phone number
Mohan Devumal Motiani: Co-Founder & CEO of ZipBooks and founder of 2 other companies, ZipERP and ZipERP. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number

ZipBooks' Board of Directors

ZipBooks's board has 3 active members. Hemal Jitendra Bhatt and Mohan Devumal Motiani are part of team and Nikul Jagdishchandra Patel is independent board member.

Here is the list of ZipBooks' board of directors:

Name	Type	Representing	Status	Duration
Hemal Jitendra Bhatt	Team	-	Current	11y 1m
yihh{{i	Team	-	Past	7y 1m
bmnghas	Independent board member	-	Past	3y 2m

View details of ZipBooks's Founder profiles and Board Members

ZipBooks' employee count trend

ZipBooks has 14 employees as of Aug 25. The total employee count is 8.0% more than what it was in Aug 24. Here is ZipBooks's employee count trend over the years:

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Top competitors of ZipBooks include Intuit, Pennylane and Deltek. Here is the list of Top 10 competitors of ZipBooks, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Intuit 1983, Mountain View (United States), Public	Provider of financial, accounting, tax preparation, and marketing automation software	-	Europa, Alcor Fund & 25 others	83/100
2nd	Pennylane 2020, Paris (France), Series E	Cloud-based financial management and accounting software platform	$442M	DST Global, Sequoia Capital & 9 others	78/100
3rd	Deltek 1983, Herndon (United States), Acquired	Cloud based enterprise resource planning software provider for multi industries	$107M	Prospect Capital, New Mountain Capital & 3 others	77/100
4th	ContaAzul 2012, Joinville (Brazil), Acquired	Online accounting and invoicing solutions for SMBs	$40.9M	Ribbit Capital, 500 Global & 5 others	77/100
5th	FreeAgent 2007, Edinburgh (United Kingdom), Acquired	Cloud-based accounting software for small businesses, freelancers, and accountants	$21.9M	Iris Software, SM TRUST & 22 others	76/100
6th	Xero 2006, Wellington (New Zealand), Public	Provider of accounting software and related tools for business management	-	Hurlingham Partners, ELM Responsible Investments ... & 9 others	75/100
7th	Wave 2010, Toronto (Canada), Acquired	Web-based accounting software for businesses	$82.4M	CRV, BDC & 20 others	74/100
8th	Sage 1981, Newcastle Upon Tyne (United Kingdom), Public	Provider of cloud-based enterprise software solutions for accounting, finance, and people management	-	Itz Cash Card, HHS & 47 others	70/100
9th	MYOB 1991, Cremorne (Australia), Acquired	Developer of business management software including accounting and payroll solutions	-	CVC, VantEdge Partners & 3 others	70/100
10th	Anna 2017, London (United Kingdom), Acquired	Cloud-based accounting management solutions for businesses	$88.3M	Kinetik, Flashpoint & 67 others	68/100
146th	ZipBooks 2013, Ahmedabad (India), Seed	Cloud Based accounting software for small businesses	$150K	-	39/100

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Founders (largest shareholder) own 66.99% and Angels own 33.01%. The net worth of ZipBooks's founders is INR 2.03Cr as of Oct 26, 2016.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	66.99%	2.03Cr	1484350	9594696	9512001	8057019
Mohan Devumal Motiani	2597240	8704939	8960101	8680179	8010525	4369091
Hemal Jitendra Bhatt	9692541	4764584	9437109	4411711	8635181	2016743
Angel	33.01%	1Cr	3276412	9139964	5467786	5355375
Total	100.00%	3.03Cr	9942216	5157478	9515183	6866458