Type of site Private Industry Income tax in India Founded 2011 | Area served India Website www.cleartax.in Headquarters Bengaluru | |
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Key people Srivatsan Chari
Ankit Solanki Parent Defmacro Software Pvt. Ltd. Founders Ankit Solanki, Srivatsan Chari, Raja Ram Gupta, Archit Gupta Profiles | ||
Cleartax s startup mantra with archit gupta startup central
ClearTax is an Indian Income Tax Return e-filing website. ClearTax is one of the most popular tax preparation and e-filing platforms in India, along with the Income Tax Department's website.
Contents
- Cleartax s startup mantra with archit gupta startup central
- Cleartax ceo archit gupta featured on rising stars on bloomberg tv india
- History
- Software
- Android app
- Key Partnerships
- References
ClearTax was founded in 2011. In 2014, the company became the first India-focused startup to be funded by Y-Combinator. ClearTax has offices in New Delhi and Bengaluru and has been used by nearly 1.5 million Indian taxpayers to e-file their tax returns.
In April 2016, ClearTax received $1.3 million of seed funding from Silicon Valley investors, including PayPal co-founder Max Levchin and Scott Banister, who was an early investor in Facebook and Uber. Later on in May 2016, ClearTax received a second round of funding of $2 million from Sequoia Capital and Founders Fund.
In May 2016, Tech In Asia named ClearTax among the 4 rising startups of India.
Cleartax ceo archit gupta featured on rising stars on bloomberg tv india
History
ClearTax was founded by Archit Gupta and his father, Raja Ram Gupta in 2011.
The first version of ClearTax was launched in July 2011 by Archit Gupta and his co-founders Srivatsan Chari and Ankit Solanki.
ClearTax first started operations from New Delhi and later on, in 2014, moved their headquarters to Bengaluru. As of May 2016, the company has operational offices in both cities as well as presence in Mumbai, with a combined team strength of around 60 across verticals like engineering, accountancy, design, content, business development, human resources and administration.
Software
ClearTax has an intuitive tax preparation software that eases the e-filing process for its users. The software automatically selects the correct ITR form and prepares the tax returns when a user uploads their Form 16. Users can also manually fill in their details into the ClearTax software to e-file their tax returns and maximise their tax saving.
ClearTax is considered a pioneer in the Financial Technology (FinTech) space. The company’s tax preparation software has allowed taxpayers to simplify their finances. ClearTax’s success has seen a spurt of similar platforms in the Indian market to cater to the e-filing taxpayer.
Android app
In May 2016, ClearTax launched an Android app to facilitate e-filing on the go. In the AY2015-16 tax season, ClearTax had seen nearly 5% of e-filings happen through mobile phones, which prompted them to develop an app for AY2016-17.
With mobile penetration and internet access increasing every month, the ClearTax app is expected to further ease the e-filing process for Indian taxpayers. An app for iOS and Windows devices is also being developed by the company.