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Clear Raises $75 Million From Kora Capital, Stripe And Others

Oct 24, 2021•almost 4 years ago

Amount Raised

$75 Million

TransportationSoftware

Description

Clear (formerly ClearTax), which helps individuals and businesses file tax returns online, has raised $75 million from investors led by Kora Capital with participation from US-based payments major Stripe that made its first investment in an Indian startup.

Company Information

Company

Clear

About

Archit Gupta, cofounder and CEO of Clear, said the company will use newly raised capital to accelerate its expansion into business-to-business (B2B) credit and payments and grow its business in international markets such as Europe, Middle East and Africa (EMEA).“Having The company offers solutions like GST and e-way bill software, along with business incorporation and compliance services for enterprises. “We expect it (revenue) to reach $45 million over the next 24 months and within the next 18 months, the company is likely to turn profitable,” Gupta said. In total, the 10-year-old startup has now raised around $140 million. Both Clear and Stripe are alumni of Silicon Valley’s storied startup accelerator Y Combinator. Founded in 2011 by Gupta, Srivatsan Chari and Ankit Solanki, Clear is among the first set of Indian startups to be funded by Y Combinator.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech