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27Oct By Gauri SinghNo Comments

FUNDING

Top 5 Funding of The Week (22nd Oct – 27th Oct)

Funding activities have been growing a lot for a long time and with more and more startups coming in operation, the investors are also getting a boost. The last week saw a good number as well as the amount of fundraising activities in which various important companies took part. The company that raised the maximum amount of funds this week was Epic Games, the company that created video game sensation “Fortnite”. It raised $1.25 billion in funding from investors including KKR & Co, Iconiq Capital and Smash Ventures. This funding round has been one of the highest valued ones in a long time. Let us now have a look on the top five funding activities of the week. 1) VideoKen Artificial intelligence-powered video-learning platform VideoKen ...

ClearTax Raises $50 Million from Hong Kong based Investor

23Oct By Gauri SinghNo Comments

FUNDING

ClearTax Raises $50 Million from Hong Kong based Investor

Online tax return-filing and investment platform ClearTax has raised funds amounting to $50 million in a fresh financing round. The round was led by Composite Capital which is based in Hong Kong. This deal has come at a time when the financial tech sector, commonly referred to as fintech, has clocked rapid growth and managed to attract aggressive funding. The investor basically invests in early- to mid-stage companies across consumer goods, retail, transportation and technology in Asia. It was founded by a former partner at one of the leading Chinese investment firms called Hillhouse Capital. Talking about the total funding of ClearTax, the company has raised $65 million since inception. It counts popular Silicon Valley entrepreneurs like Peter Thiel, whose Founders Fund and Max Levc...

11Apr By Sheldan RungasamyNo Comments

ACQUISITION

ClearTax Announced the Acquisition of 2 Startups

ClearTax announced the acquisition of Greeblu Enterprises, which is an app-based startup and TOOTL, an app offering infotainment in the form of personalized content via predictive analysis modeling to its readers. These acquisitions go along with ClearTax’s ambitions of using this innovative technology to incorporate with the personalized tax, finance and compliance related content found on its website. ClearTax specializes in offering a variety of products and services, notably mutual fund investment portal, Goods and Services Tax (GST) software, e-way bill generator, and business compliance services as well while also relying on its core tax filing business where they are the market leader. This algorithm has been a great value add to our existing systems. In the tax and finance s...

These 5 Startups Can Help You to File Your Income Tax

16Mar By NitishNo Comments

Story

These 5 Startups Can Help You to File Your Income Tax

In the previous article, we mentioned the steps about how to file the income tax online. If you are still not sure that you can make this process done by itself, don't worry, we came up with the article on 5 online startups, which can help you to file your income tax without any hassle! Have a look, ClearTax: ClearTax is a India based online platform which helps individuals prepare and e-file their Income Tax Return online. All one has to do is log on to ClearTax and upload their Form 16. The platform will prepare the income tax return automatically. The whole process does not take more than 10 minutes. Founded by Archit Gupta in 2011, Cleartax receives $15.4 million funding till date. UrbanClap: UrbanClap is the largest on-demand service marketplace in India. It ensures quality pro...

Softwares and Apps You Can Use For GST Registration

3Jul By AnkitaNo Comments

News

Softwares and Apps You Can Use For GST Registration

With the rolling out of GST on the 1st of July, the small and medium businesses are majorly confused due to a completely new method of indirect tax collection. GST is not only a financial or a compliance reform, but it’s a technological reform, as well. We would like to share some of the best apps and softwares that promise to help businesses in understanding GST better. Cleartax Cleartax is a widely known company funded by Y-Combinator, that’s come out with its own GST software for chartered accountants as well as business owners. It’s a platform where taxpayers can connect with traders for scheduling and filing returns or bills. It aims to help both small and large enterprises by providing free invoicing, detailed reports and 100 ...

3 Indian Startups Making Their Way To The Silicon Valley

9Jul By RishabhNo Comments

News

3 Indian Startups Making Their Way To The Silicon Valley

Y Combinators(YC) has inducted three of Indian Startups for the summer batch. It is fit the first time that a bunch of Indian startups have made their ways into Silicon Valley's one of most coveted accelerator programmes. The three startups that have been selected by YC are Innov8, a co-working space in CP, New Delhi, JustRide, a self-ride car rental app, and Meesho, an app for sellers on Whatsapp and Facebook. The accelerator will be investing $120,000 in startups for a 7% equity stake across two batches every year, and the programme is based out of its Mountain View headquarters. "Each of the founders from India in the current batch has personal experience with the problems they are solving, which gives them unique insights into the market they operate in. India is now only second...

Cleartax Raises 80 Cr From SAIF Partners

18Jun By NitishNo Comments

FUNDING

Cleartax Raises 80 Cr From SAIF Partners

ClearTax , an online tax returns filing platform has raised another $12 million (Rs 80 crore) from SAIF Partners. The new round of funding will use to launch a slew of consumer-focused tax-saving products, including mutual funds and other equity-linked saving schemes. Also as part of the deal , managing partner at SAIF, has joined the board of ClearTax's "A typical agent is very bias. To solve for this, our products will be data driven, and completely transparent, to the extent that we will publish our commissions on the site itself," co-founder and CEO Archit Gupta said. "We are very excited to partner with Archit and team as they translate their market leadership in tax filing space to become one of the largest fintech platforms in India.", Ravi Adusumalli said. ClearTax which opera...

26May By PriyankaNo Comments

FUNDING

Online Tax Returns Filing Platform ClearTax Raises $2 million (Rs 13.3 crore) Funding

Online tax returns filing platform ClearTax, has raised $2 million (Rs 13.3 crore) from FF Angel, and Sequoia Capital. The company will use the proceeds from the round to launch a slew of consumer-focused tax-saving products, including mutual funds and other equity-linked saving schemes. "We have taken the long route, and now we are extremely excited to have some of the biggest thought leaders and investors on board as our partners," Archit Gupta, co-founder of Cleartax said. "We are an instrument-agnostic platform that will allow consumers to choose their rate of return and select what to have in their tax savings basket." ClearTax has over 1 million consumers e-filing their tax returns, and the company is targeting bringing on board 5 million users by the end of the current fiscal,...

ClearTax India’s Leading Income Tax Returns e-filing Website Has Launched 2G App

5May By PriyankaNo Comments

News

ClearTax India’s Leading Income Tax Returns e-filing Website Has Launched 2G App

In a world that is increasingly going mobile, ClearTax India's leading Income Tax Returns e-filing website has launched another dimension to the convenience quotient of the Indian consumer by announcing the launch of its mobile app. The newly launched app will carry all the functionalities of the ClearTax web platform, where users can upload their Form 16s and the app automatically prepares their tax returns. The best part about the app is you can file your taxes even in your commute. The app comes with offline sync feature which allows you to enter your tax details even when there is no internet. The details are uploaded to the server as soon as there is internet connectivity. This solves a very primitive problem in India - where internet connection is often not reliable. Speaking ...

ClearTax Appoints Three Veteran Flipkart Techies

24Apr By NitishNo Comments

News

ClearTax Appoints Three Veteran Flipkart Techies

ClearTax, India's leading Income Tax Returns e-filing website, has announced the appointment of Prasanth Nair, Aakash Bapna and Jai Santosh as a part of its technology vertical. The Bengaluru-based company is also in the process of recruiting another director-level executive from Flipkart. Prasanth will occupy the position of Vice President - Engineering at ClearTax and will head the product and technology group in the company. Both Jai and Aakash join the ClearTax team as senior software engineers. Speaking on the announcement, CEO and founder ClearTax, Archit Gupta said, "Having established ourselves as the fin-tech solution of choice for millions of users across the country, we are now looking to grow and increase the scale of our services. The appointment of three veteran profes...

Paytm Now Backs A Bus Ticketing Service & An Income Tax Filing Startup!

3Oct By RishabhNo Comments

News

Paytm Now Backs A Bus Ticketing Service & An Income Tax Filing Startup!

Powered by One97 Communications Ltd., the online mobile wallet and E-commerce website Paytm has recently invested in AbhiBus, a bus ticketing service and ClearTax, an income tax filing website. According to the sources, the invested amount is not yet disclosed and no official announcement has been made. AbhiBus is an online platform, founded back in 2007 for booking of bus tickets, that has become India’s fastest growing platform with over 1,500 operators and 15,000 routes running through the major cities like Hyderabad, Pune, Delhi, Bangalore etc. Today, AbhiBus is also the preferred Information Technology Partner for State Transport Corporations and Private Bus Fleet Operators. AbhiBus is an ISO 9001:2008 certified company. (more…)