Rillet, an emerging player in the AI-powered accounting solutions space, has raised $70 million in Series B funding, marking a significant milestone in its growth journey. The funding round was led by global venture capital giant Andreessen Horowitz (a16z), with participation from existing investors such as Accel, Lightspeed, and Peak XV Partners.
This round brings Rillet’s total capital raised to over $100 million, positioning the Bengaluru-headquartered startup among the top AI-driven fintech ventures in India.
Transforming Accounting with AI
Founded in 2022, Rillet offers a fully automated accounting platform tailored for Indian businesses, especially startups and SMEs. By leveraging artificial intelligence, the platform automates bookkeeping, invoice processing, tax filing, and financial analytics — significantly reducing the need for manual effort or traditional software.
Its custom GPT-powered financial assistant is designed to help founders and CFOs make faster, smarter decisions by providing real-time insights from their financial data.
Expansion Plans
With the fresh funding, Rillet plans to scale operations, expand its product suite, and hire top engineering and data science talent. The startup also aims to extend its reach into international markets, especially Southeast Asia, where digital accounting adoption is on the rise.
Investor Confidence in Indian Fintech
The backing from Andreessen Horowitz underscores growing global investor confidence in Indian SaaS and fintech ecosystems, particularly those that harness AI to solve traditional pain points.
India Advocacy Insight:
Rillet’s funding success reflects the rising demand for AI-based compliance and financial automation tools. As India pushes toward digital-first governance and financial transparency, businesses should explore modern tools like Rillet to stay efficient and audit-ready.
