Company Name : ClearTax
Funding Amount : $1.3 million
Investor(s) Max Levchin, Scott & Cyan Banister, Neeraj Arora, CEO Naval Ravikant
Funding Round :Seed Round
Bangalore based ClearTax, a Tax Returns e-filing website has announced securing an angel investment of $1.3 million recently by top Silicon Valley angels.
PayPal Co-founder Max Levchin marks his first India-focused investment with ClearTax’s latest funding round. Other investors include Scott & Cyan Banister, WhatsApp’s Business Head Neeraj Arora, AngelList Founder & CEO Naval Ravikant, Dropbox VP Ruchi Sanghvi, Y Combinator alum Sumon Sadhu and Flexport’s Founder & CEO Ryan Petersen.
The investment will be used to further its mission of simplifying the process of tax filing through technology.
“We are absolutely thrilled to be chosen for angel investment by some of the most renowned names in the global start-up ecosystem today. Having these industry leaders, with trenchant knowledge and understanding of the fintech industry, choose ClearTax for such a big investment is a measure of their belief in our vision, business model and execution capability.This development is a massive shot in the arm for us, and will encourage us to push on and achieve greater landmarks in the future in terms of the quality of our service,” said the company in a statement.