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June 25, 2014

Deal Alert: Online tax filing startup to get Rs. 72-lakh from Y Combinator

Silicon Valley incubator Y Combinator will invest $120,000 (Rs 72 lakh) in Delhi-based ClearSharp Technology, which runs the online tax filing portal ClearTax is founded by Archit Gupta, a graduate of the Indian Institute of Technology (IIT) in Guwahati and his father Raja Ram, a chartered accountant. Around 3 lakh people have used ClearTax's services so far and it expects twice that number to use the portal in the current tax season. It counts Royal Bank of Scotland, In-Mobi and Flipkart as customers. 

Source: Economic Times 

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