Did not find what you are looking for?
Clear
Digitally powered accounting and financial management solutions for small and medium businesses
Founded
2011
Headquarters
Bengaluru (India)
Status
Series C
Company Details
Clear (formerly ClearTax) operates in the fintech sector, specializing in AI-driven tax filing, accounting automation, and financial compliance solutions. Its core markets include Indian SMBs, enterprises, and individual taxpayers, with a unique value proposition centered on simplifying complex regulatory processes (e.g., GST, TDS, income tax) through seamless API integrations.
Key milestones
Pioneering India’s cloud-based tax platform (2014), capturing 6M+ individual users by 2024.
$140M+ total funding from Stripe, Sequoia, and Kora Capital.
Strategic pivot to embedded finance (2022) via "Clear One," bundling accounting, banking, and credit services.
Recognition as India’s largest GST filing platform, processing 10% of national filings annually.
Core Products & Services
ClearTax Pro: GST/e-invoicing automation with AI-driven error detection for businesses.
Clear One: Unified suite for accounting, banking, and credit underwriting (e.g., instant loans via partner banks).
ClearTDS: Enterprise-grade TDS compliance with real-time analytics.
Consumer Tax Suite: Free/paid income tax filing for 6M+ individuals.
Business Model & Revenue Streams
Subscriptions (60% of FY24 revenue): Tiered plans (₹5K–₹50K/yr) for GST/TDS tools.
Transaction Fees (25%): Loan facilitation commissions and payment processing.
Enterprise Solutions (15%): Custom compliance APIs for large corporates.
Customer Segmentation
B2B (85% revenue): SMBs (70%), enterprises (15%), tax professionals (15%).
B2C (15%): Freemium tax filers converting to premium add-ons.
Top Clients & Partnerships
Stripe: Strategic investor (2021) and technology partner for payment integrations.
HDFC/ICICI/Axis Banks: Power lending via "Clear Capital"; HDFC drives 30% of loan disbursals.
Tata Consumer Products: Enterprise client for pan-India TDS automation.
GST Suvidha Providers (GSPs): 5+ authorized partnerships for GSTN compliance.
Future Outlook & Strategic Priorities
Credit Monetization: Scaling "Clear Capital" to address India’s $240B SMB credit gap.
Geographic Expansion: Piloting GST-like solutions in Southeast Asia (2025–26).
Product Bundling: Cross-selling tax clients into banking/credit via "Clear One."
Regulatory Volatility: GST Council’s frequent rule changes increase R&D costs.
Key Metrics
Total Equity Funding
$140.3 Million
No. of Funding Rounds
7
Latest Funding Round
$75 Million, Series C
as of October 24, 2021
Post Money Valuation
$700 Million
as of October 24, 2021
Funding Multiple
5
as of October 24, 2021
Investors
Elevation Capital
and 2 moreEmployee Count
1545
Similar Companies
CashBook
Exit Details
N/A
All Funding Rounds
| Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
|---|---|---|---|---|---|---|
| October 24, 2021 | Series C | $75 Million | $700 Million | - | - | Think Investments, Kora, Stripe, Alua Capital Management |
| October 23, 2018 | Series B | $50 Million | - | - | - | Composite Capital Management |
| June 17, 2016 | Series A | $12 Million | - | - | - | Elevation Capital |
| April 26, 2016 | Seed | $1.3 Million | - | - | - | PayPal |
| October 1, 2015 | Seed | Undisclosed | - | - | - | Paytm |
| June 25, 2014 | Seed | $120 K | - | - | - | Y Combinator |