Income tax returns e-filing website ClearTax has secured an angel investment of $1.3 million from top Silicon Valley angels. ClearTax was founded in 2011 by the father-son team of Raja Ram Gupta and Archit Gupta, Srivatsan Chari and Ankit Solanki, ClearTax is the fourth Indian start-up funded by Y Combinator and the first to target the Indian market. ClearTax will use the newly secured funding to simplify the process of tax filing through technology, according to the release.
Well-known entrepreneurs and investors include PayPal co-founder Max Levchin; Scott and Cyan Banister, who have invested in ventures such as Uber, SpaceX, Postmates and Zappos; WhatsApps’ business head Neeraj Arora; AngelList Founder and CEO Naval Ravikant; Dropbox VP Ruchi Sanghvi; Y Combinator alumni Sumon Sadhu and Flexport’s Founder and CEO Ryan Petersen.
“Having these industry leaders with trenchant knowledge and understanding of the fintech industry choose ClearTax for such a big investment is a measure of their belief in our vision, business model and execution capability. This development is a massive shot in the arm for us, and will encourage us to push on and achieve greater landmarks in the future in terms of the quality of our service,” observed ClearTax Founder-CEO Archit Gupta.
ClearTax brought three senior Flipkart executives on board –Prasanth Nair, a former director at Flipkart, Jai Santosh, who led the Flipkart Lite team and Aakash Bapna — for leadership positions across its technology functions. ClearTax helps clients file their tax returns, incorporating companies and undertaking service tax registrations for a fee.
Sponsored Links by DQ Promote
Reg A - Form 1-A Filings Beta
Beta. Initial Form 1-A only. Target raise is the stated Amount to be Raised, totaled. Compared with the same dates one year earlier.
YTD: Jan 1, 2026 - Nov 4, 2026 vs Jan 1, 2025 - Nov 4, 2025
Share this graph
Number of Filings134Prior 129 +3.9%
Target Raise, Total$3.45BPrior $3.59B -3.8%
This YTD
Year prior
Change
Filings
134
129
+3.9%
Target raise
$3.45B
$3.59B
-3.8%
Sponsored by
the Crowded Media Group
the leading digital news service covering the global Fintech Industry, including digital assets, crowdfunding, tokenization, and other innovations in capital markets. email us@CrowdfundInside
This display counts initial Form 1-A filings only. It does not represent subsequent filings, including Form 1-A/A amendments or Form 1-A POS post-qualification updates filed by the issuer. Amounts are the stated Amount to be Raised on the initial filing, not capital raised and not amounts revised in later filings.
Crowdfund Insider is the leading news website covering the emerging global industry of disruptive finance including investment crowdfunding, Blockchain, online lending, and other forms of Fintech.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it and agree to our terms of service.
Income tax returns e-filing website ClearTax has secured an angel investment of $1.3 million from top Silicon Valley angels. ClearTax was founded in 2011 by the father-son team of Raja Ram Gupta and Archit Gupta, Srivatsan Chari and Ankit Solanki, ClearTax is the fourth Indian start-up funded by Y Combinator and the first to target the Indian market. ClearTax will use the newly secured funding to simplify the process of tax filing through technology, according to the release.“Having these industry leaders with trenchant knowledge and understanding of the fintech industry choose ClearTax for such a big investment is a measure of their belief in our vision, business model and execution capability. This development is a massive shot in the arm for us, and will encourage us to push on and achieve greater landmarks in the future in terms of the quality of our service,” observed ClearTax Founder-CEO Archit Gupta.
