Business Standard

ClearTax raises $50 million in fresh funding led by Composite Capital

The company which started off with helping individuals file their personal taxes today has expanded into offering solutions for GST and E-waybills

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Alnoor Peermohamed Bengaluru
Online tax filing and compliance startup ClearTax has raised $50 million (around Rs 3.67 billion) in fresh funding led by Hong Kong-based Composite Capital as it looks to expand its product and services offerings to customers on its platform.

The company which started off with helping individuals file their personal taxes today has expanded into offering solutions for GST and E-waybills and also services such as incorporating businesses and for compliance.

It claims 2.5 million individual taxpayers utilised its service this year with millenials forming a majority of its user base. On the B2B front, over 100,000 businesses and 25,000 chartered accountant

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