India-based tax and compliance technology developer ClearTax has secured $75m in series C funding from investors including digital payment services provider Stripe.
Investment firm Kora Capital led the round, which reportedly included Alua Capital, Think Investments and unnamed existing investors, having first been disclosed last month. The company has raised $140m since it was incubated by Y Combinator in 2011.
Also known as Clear, ClearTax has built an accounting software tool that helps private and enterprise users file taxes. The series C round came shortly after it launched in Saudi Arabia, and it intends to expand further into the Middle East and globally.
Clear had received $54.2m in a series B round led by Composite Capital in 2018 and backed by Sequoia Capital and SAIF Partners, after the latter had supplied $12m in series A funding in June 2016.
Founders Fund’s FF Angel fund and Sequoia Capital had provided $2m in seed funding for the company the previous month, after angel investors including Max Levchin, Scott Banister, Naval Ravikant, Neeraj Arora and Ruchi Sanghvi had injected $1.3m in April 2016.
