• FOUNDING YEAR: 2010
    LOCATION:
    India
    REGION:
    DL
    Last Update:
    27 Jun, 2019

Description

FOCUS

PRODUCTS & SERVICES:
ClearTax: B2C tax filing platform for individuals, ClearTDS: B2B platform for TDS returns, TaxCloud: for CAs and enterprises to file their tax returns
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail taxpayers and Businesses
COMMENT
ClearTax claims to be the cloud-based platform that supports all ITRs that exist in the country (including 1, 2A, 2, 3, 4, 4S, 5 and 6). The firm also plans to launch two B2C and three B2B products by end of 2017. They have also stated that on the B2B side they are planning to launch a GST software with an automated engine to help businesses manage their compliance's seamlessly.

PEOPLE

FOUNDERS:
Archit Gupta, Srivatsan Chari
Board Members and Advisors:
Ravi Adusumalli
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Founders Fund, FundersClub, Marc Bell Ventures, SAIF Partners, Sequoia Capital, Y-Combinator, Max Levchin, Naval Ravikant, Neeraj Arora, Ruchi Sanghvi, Scott Banister, Sumon Sadhu, Composite Capital
KEY EMPLOYEES:
Archit Gupta (CEO), Ankit Solanki (CTO)

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$69.4 Millions
DATE OF LAST FUNDING:
Oct 2018
TOTAL FUNDING COMMENT:
The capital will be used to expand its product and service offerings to customers on its platform.
SEED & PRIOR FUNDING:
$3.4 Millions
SEED CLOSED ON:
May 2016
FUNDING SERIES:
SERIES A
$12 Million Closed: Jun 2016
SERIES B
$54 Millions Closed: Oct 2018
LISTED:
NO

LATEST RESEARCH