Monday, November 25

Tag: One 97 Communications Ltd.

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...
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Paytm buys home services marketplace Near.in
7Dec By No Comments
ACQUISITION

Paytm buys home services marketplace Near.in

Mobile wallet and e-commerce venture Paytm has acquired Near.in, a marketplace app that connects users with local businesses for home services. The Economic Times, which first reported the development, said the deal is valued between $1.5 million and $2 million. A formal press release on the announcement is expected shortly. he Paytm-Near.in deal is the latest instance of consolidation in the online home services segment. Last month, Mumbai-based Crenovative Ideas Pvt Ltd, which operates home services startup Taskbob, acquired Zepper Services Pvt Ltd. The acquisition allows Paytm, run by One 97 Communication Ltd, to strengthen its tentacles in the online-to-offline (O2O) commerce space. "O2O is a focus area for Paytm. Local commerce has massive potential in India, and this acqu...
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