ClearTax raises $1.3mn from Silicon Valley angel investors

Online tax filing portal ClearTax today said it has secured investment of USD 1.3 million (about Rs 8.5 crore) from Silicon Valley-based angel investors.
The investment will be used to further of simplify the process of tax filing through technology, the company said in a statement here.
The investors include PayPal Co-founder Max Levchin who marks his first India-focused investment with ClearTax's latest funding round, the Bengaluru-based firm said.
Scott and Cyan Banister, serial investors in ventures such as Uber and SpaceX, WhatsApp's Business Head Neeraj Arora, AngelList Founder and CEO Naval Ravikant, Dropbox Vice President Ruchi Sanghvi also participated in the funding round, it said.

"We are absolutely thrilled to be chosen for angel investment by some of the most renowned names in the global start-up ecosystem today," a ClearTax spokesman said.
ClearTax helps in e-file of tax returns. It was founded by Y Combinator for the Indian tax payers, it said.