Beka Dalakishvili Raised $ 30,000 Investment to Develop Kernel in Indian Market
The idea of creating a kernel, a platform for simple invoicing and digital tools, arose from the founder's own needs about 2 years ago - Beka Dalakishvili headed the finance department of one of the holding companies and faced the problem of communication and exchange of information between its companies and accountants.
With so many small businesses facing such challenges, the solution to their own problem has slowly been transformed into a startup idea.
Kernel co-founders Beka Dalakishvili, Misho Zghuladze, and Giorgi Tukhashvili are excellent examples of how to build a successful company with the experience of previous unsuccessful startups.
Managing accounting documents and processes, as well as calculating taxes, forecasting, and assessing your own financial situation is quite a challenge. However, this is necessary for the effective operation of businesses as well as accountants. That's why we decided to create simple tools that would facilitate collaboration between small entrepreneurs and their accountants.
Currently, Kernel's main product is a digital invoicing platform that allows users to create an invoice, send it to a client, or download a document in PDF format. It should be noted that our digital product is integrated with RS.ge, which means that it is possible to upload invoices on the Revenue Service website with one click of a button.
''We currently operate in three countries - Georgia, the Philippines, and India. It should be noted that these markets are growing rapidly and we have more than 30 thousand registered customers.
We also recently launched a mobile app in the Philippines and India. For the Philippine market, we are starting to integrate with Xendit. We have also established significant links with accounting and digital payment software in the Philippines, and we are in the process of setting up a subsidiary in India,'' said the co-founder of Kernel.
Kernel attracted $30 000 investments at Shark Tank. The startup will use the investment from ''Sharks'' to cover operating costs and product development in the Indian market, which means refining the mobile app.