ClearTax, a start-up that helps individuals and businesses file their tax returns online, has raised $12 million in a funding round led by SAIF Partners, the firm said on Friday. The firm, run by Defmacro Software Pvt. Ltd, in May raised $2 million from venture capital firm Sequoia Capital India,… Read more »
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Indian prime minister Narendra Modi made several promises in his speech to an audience of startups and venture investors on Saturday. That has instilled hope that the country might become a more attractive destination for investment, at a time when funding activity has ebbed from the highs of mid-2015.
The firm, run by Defmacro Software Pvt. Ltd, had in April raised $1.3 million in angel funding from Silicon Valley-based angel investors, including PayPal co-founder Max Levchin, Whatsapp’s business head Neeraj Arora, and AngelList founder Naval Ravikant, among others.
Archit Gupta got his first experience of deals in the Silicon Valley in 2009, when EMC acquired Data Domain Inc., the company he was working for after his masters in computer science from the University of Wisconsin-Madision, for $2.1 billion. For the IIT Guwahati graduate, witnessing the whole cycle was a… Read more »
Paytm continues funding startups, and this time it is Abhibus and ClearTax. It has had a business partnership with both the companies. And Sequoia India, with Japan’s GMO Ventures, crossed over to Taiwan to invest in Pinkoi, the ‘Etsy’ of Asia. Abhibus and ClearTax get Paytm funding One97 Communications Ltd.,… Read more »
Talent recruitment firms are scouting for business from smaller startups that have recently raised funds to fuel growth, diversifying away from larger consumer Internet clients that have frozen hiring amid a funding slowdown.
The investment by Bitkemy is the first external funding round raised by the startup, which was previously bootstrapped.
Digital finance firm TranServ has raised $15 million from IDFC Spice Fund and Micromax, while another fintech firm ClearTax has raised $1.3 million in seed funding from angel investors. Digital finance firm TranServ raises $15m In its third funding round, digital payments firm TranServ has raised $15 million from IDFC… Read more »
Existing early-stage investor Accel Partners also participated in the new round. In April last year, the company raised a $50 million in its Series E round of funding led by Tiger Global, with participation from Accel Partners and Google Capital.
At a time when investors are taking a cautious stance while making larger investments, fintech has emerged as an attractive bet.