Tax eFiling Startup ClearTax Acquired TOOTL App To Improve User Experience
Tax eFiling Startups, ClearTax, TOOTL App, Improve Website User Experience, Acquisition News
Tax eFiling Startup, ClearTax running under Defmacro Software Pvt. Ltd., has acquired TOOTL app of start-up Greeblu Enterprises Pvt. Ltd. as a first acquisition since its inception in 2011. The size of the deal is not disclosed.
This app helps to personalize content and in turn will help ClearTax to curate personalized tax, finance and compliance related content on its website by integrating TOOTL’s back-end tech stacks. It will also improve the overall user experience on the platform.
ClearTax Funding so far:
- $12 million in its series A funding round led by SAIF Partners in June 2016
- $2 million in 2016 from Sequoia Capital India and Paypal co-founder Peter Thiel’s Founders Fund Angel, PayPal co-founder Max Levchin, and WhatsApp’s business head Neeraj Arora among others.
- $1.3 million in Seed funding from PayPal co-founder Max Levchin and Scott Banister, an early investor in Facebook and Uber
ClearTax provides tax compliance and advisory services to the 2.5 million registered individuals and businesses as well as mutual funds, GST software, E-WayBill generator, Digital Signature Certificate (DSC) utility and business compliance services. GST compliance solution is being used by 360,000 businesses, 22,000 accountants tax professionals, and over 500 large enterprises.