ClearTax

company

About

ClearTax is a Tax & Investing platform that simplifies financial lives for Indians.

Details

Last Funding Type
Series Unknown
Industries
Accounting,Apps,Financial Services,FinTech
Founded date
Jan 1, 2011
Number Of Employee
251 - 500
Operating Status
Active
Legal Name
Defmacro Software Pvt. Ltd.
Also Known As
ClearTax.in,Defmacro Software Pvt. Ltd.,Clear

ClearTax is a Tax & Investing platform that simplifies financial lives for Indians. ClearTax is Built on top of India’s Massive Digitization of its Tax Systems.

They are a Bangalore-based Financial-Technology platform providing solutions for Income Tax filing, GST, and Mutual Fund Investments.

Founded by 3 friends, Archit Gupta, Srivatsan Chari, and Ankit Solanki, ClearTax became the first Y-Combinator-funded company of India in 2014. As ClearTax took this journey, we have added mentors and Investors like Max Levchin, founder of Paypal, Vijay Shekhar Sharma of Paytm, Neeraj Arora of Whatsapp, Peter Thiel’s Founders Fund, Sequoia, Ryan Peterson of Flexport. SAIF Partners had invested $12Mn in ClearTax. Composite Capital has invested $50Mn in ClearTax.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
7
$65.30M ₹5.62B
ClearTax has raised a total of $65.30M ₹5.62B in funding over 2 rounds. Their latest funding was raised on Jan 13, 2022 from a Series Unknown round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jan 13, 2022 Series Unknown 3 Detail
Oct 24, 2021 Series C ₹5.62B 4 Kora Detail
Oct 23, 2018 Series B $50M 4 Composite Capital Management Detail
Jun 17, 2016 Series A $12M 1 Elevation Capital Detail
May 25, 2016 Seed $2M 2 Founders Fund
Sequoia Capital
Detail

Investments

Number of Investments
Number of Lead Investments
1
0
ClearTax has made 1 investments. Their most recent investment was on Jul 10, 2021, when Credgenics raised $25M.
Date Company Name
Round Money Raised Industry Lead Investor
Jul 10, 2021 Credgenics
Series A $25M Consulting

Investors

Number of Lead Investors
Number of Investors
8
21
ClearTax is funded by 21 investors. Kora and Composite Capital Management are the most recent investors.
Investor Name Lead Investor Funding Round
Kora Yes Series C
Composite Capital Management Yes Series B
Elevation Capital Yes Series A
Founders Fund Yes Seed
Max Levchin Yes Angel
Scott Banister Yes Angel
Sumon Sadhu Yes Pre-seed
Aparna Chennapragada Series Unknown
Balaji Srinivasan Series Unknown
Surojit Chatterjee Series Unknown

Employee Profiles

Number of Employee Profiles
10
ClearTax has 10 current employee profiles, including Executive Archit Gupta
Executive
Advisor
Executive
Executive
Executive

Acquisition

ClearTax has acquired 6 organizations. Their most recent acquisition was Tootl on Apr 12, 2018. They acquired Tootl for 0.

Date Company Name
Industry Acquisition Type Price
Apr 12, 2018 Tootl
Gaming acquisition Detail
Oct 18, 2019 Dose FM
Digital Entertainment acquisition Detail
Accounting acquisition Detail
Jul 7, 2021 yBANQ
B2B acquisition Detail
Mar 16, 2022 Xpedize
Financial Services acquisition ₹ 1B Detail