{"id":1522,"date":"2016-05-27T11:45:47","date_gmt":"2016-05-27T11:45:47","guid":{"rendered":"https:\/\/sunkrish.com\/?p=1522"},"modified":"2017-01-19T12:03:41","modified_gmt":"2017-01-19T12:03:41","slug":"cleartax-raises-2-million-from-ff-angel-and-sequoia-capital","status":"publish","type":"post","link":"https:\/\/sunkrish.com\/index.php\/2016\/05\/27\/cleartax-raises-2-million-from-ff-angel-and-sequoia-capital\/","title":{"rendered":"ClearTax raises $2 million from FF Angel and Sequoia Capital"},"content":{"rendered":"<div>\n<div>\n<p><a href=\"https:\/\/sunkrish.com\/index.php\/2016\/05\/27\/cleartax-raises-2-million-from-ff-angel-and-sequoia-capital\/cleartax\/\" rel=\"attachment wp-att-1544\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-3541 size-full alignleft\" src=\"https:\/\/sunkrish.com\/wp-content\/uploads\/ClearTax.jpg\" width=\"259\" height=\"194\" srcset=\"https:\/\/sunkrish.com\/wp-content\/uploads\/ClearTax.jpg 259w, https:\/\/sunkrish.com\/wp-content\/uploads\/ClearTax-150x112.jpg 150w\" sizes=\"auto, (max-width: 259px) 100vw, 259px\" \/><\/a>Financial technology startup Defmacro Software , which owns and operates online tax returns filing platform ClearTax , has raised $2 million (Rs 13.3 crore) from FF Angel , the angel investing arm of Peter Thiel-led Founders Fund , and Sequoia Capital .<\/p>\n<p>The five year-old company will use the proceeds from the round to launch a slew of consumer-focused tax-saving products, including mutual funds and other equity-linked saving schemes. It will also be adding to its leadership team, said Archit Gupta , chief executive of ClearTax.<\/p>\n<p>&#8220;We have taken the long route, and now we are extremely excited to have some of the biggest thought leaders and investors on board as our partners,&#8221; Gupta said. &#8220;We are an instrument-agnostic platform that will allow consumers to choose their rate of return and select what to have in their tax savings basket.&#8221;<\/p>\n<p>The transaction, which closed last week, marks FF Angel&#8217;s first investment in India, and comes a month after Bengaluru-based ClearTax secured $1.3 million in a seed funding round from a group of Silicon Valley investors including PayPal cofounder Max Levchin and Scott Banister, an early investor in Facebook and Uber.<\/p>\n<\/div>\n<div><\/div>\n<div>Source: <a href=\"http:\/\/economictimes.indiatimes.com\/articleshow\/52440412.cms\" target=\"_blank\">http:\/\/economictimes.indiatimes.com\/articleshow\/52440412.cms<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Financial technology startup Defmacro Software , which owns and operates online tax returns filing platform ClearTax , has raised $2 million (Rs 13.3 crore) from FF Angel , the angel investing arm of Peter Thiel-led Founders Fund , and Sequoia &hellip; <a href=\"https:\/\/sunkrish.com\/index.php\/2016\/05\/27\/cleartax-raises-2-million-from-ff-angel-and-sequoia-capital\/\">Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":3541,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,493,491],"tags":[357,360,332,322,533,294,523,530,531,532,295,416],"class_list":["post-1522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-corporate-services","category-economy-business-updates-corporate-affairs","category-income-tax-e-filing-of-returns-for-individuals-partnerships-companies","tag-angel-investment","tag-bengaluru","tag-capital","tag-e-filing","tag-face-book","tag-investment","tag-online","tag-peter-thiel-led-founders-fund","tag-sequoia-capital","tag-silicon-valley","tag-taxation","tag-uber"],"_links":{"self":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/1522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/comments?post=1522"}],"version-history":[{"count":6,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/1522\/revisions"}],"predecessor-version":[{"id":3542,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/1522\/revisions\/3542"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media\/3541"}],"wp:attachment":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media?parent=1522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/categories?post=1522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/tags?post=1522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}