ClearTax

Firm says since the infrastructure is largely digital, it is simultaneously affordable, scalable, modern, secure and pervasive

This is Clear's second company acquisition in 2022 after it acquired Xpedize, an invoice discounting platform, in March

At present, any firm with Rs 20-crore turnover is mandated to file this

Deal will help the acquirer quickly scale and lead the invoice discounting space

Move to help the users track their crypto portfolios across wallets and exchanges, and manage taxes on their transactions

Company's business has come back to 70% of pre-Covid level now

The firm's tech platform for I-T and GST returns is currently used by 600,000 businesses, 40,000 CAs and tax professionals, and over 1,000 large enterprises

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

The invoices can be easily uploaded on one-click to the online filing platform

The Billbook for SMEs is a ready-to-use software platform that works both online and offline

Firm hosts webinars, GST training for CAs, is developing exclusive GST solutions for businesses

company plans to utilise proceeds to hire top tier engineering talent from Silicon Valley

Archit Gupta, founder and chief executive officer of ClearTax, had been working hard to secure investments. The market, he was told by most venture capitalists (VCs), was difficult. The investments in fintech just did not have the legs to pull in the big money deals. He managed to secure $1.3 million last month. This, he said, would set him on a course for the next 18 months. His aim is to have three million customers by the end of FY17. Currently, he is serving one million.Gupta isn't the only one who has been in what has been a segment globally considered hot. According to a report released by KPMG and CBinsights, VC investments in the first quarter of calendar year 2016 (CY16) crossed $4.9 billion globally across 218 deals.VC-backed deal activity rose 22 per cent in the first three months of CY16 on a quarterly basis, while overall fintech deals rose 39 per cent from the fourth quarter of CY15, stated the report."Fintech had a very strong start to the year, and with the recent multi