ClearTax raises $12 million

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Bengaluru | Updated: June 18, 2016 7:54:25 AM

Fintech start-up ClearTax that helps users file their income tax return online, has raised $12 million in Series A round led by Saif Partners.

Fintech start-up ClearTax that helps users file their income tax return online, has raised million in Series A round led by Saif Partners. (Image Source: Website)Fintech start-up ClearTax that helps users file their income tax return online, has raised million in Series A round led by Saif Partners. (Image Source: Website)

Fintech start-up ClearTax that helps users file their income tax return online, has raised $12 million in Series A round led by Saif Partners. The funds will be used to build and launch new products, hire 100+ engineers and build the executive leadership team, the company announced.

The company had raised $2 million during the pre-series A round led by Silicon Valley angels investors and VC firm Sequoia Capital.

ClearTax is planning to triple its team size to 300 employees by the end of the year.  Recently executives from Flipkart & InMobi have joined ClearTax.

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