ClearTax

About

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

Bangalore,Karnataka,India
251 - 500
http://cleartax.in/

Highlights

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
Mar 4, 2020 Karvy - GST filing Services	Accounting	acquisition	—	Detail
Jul 7, 2021 yBANQ	B2B	acquisition	—	Detail
Mar 16, 2022 Xpedize	Financial Services	acquisition	₹ 1B	Detail