Private Equity Fund Investments
Tax-return filing enabler Clear raises $75-M from Kora Capital, Stripe and others
Bengaluru-based Clear (formerly ClearTax), which helps individuals and businesses file tax returns online, has raised USD 75 million from investors led by Kora Capital with participation from US-based payments firm Stripe. The deal values Clear at about USD 700 million. The new funding round also saw participation from Alua Capital, Think Capital and other existing investors. Clear offers solutions like GST and e-way bill software, along with business incorporation and compliance services for enterprises. It has also launched a platform for tax saving and mutual fund investments. The company's current annualised revenue run rate is around USD 25 million.
Existing investors in Cleartax.in include Y Combinator, Composite Capital, Elevation Capital, Founders Fund, Sequoia Capital India and Maiden Lane Ventures
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