ClearTax gets Rs 13.5 cr funding from FFA, Sequoia Capital


Tax filing platform ClearTax today said it has secured investment of USD 2 million (Rs 13.5 cr) from Sequoia Capital and Founders Fund Angel in pre-Series A funding.

“With this round, we will aggressively invest more in new products which help Indians save more on taxes,” ClearTax founder and CEO Archit Gupta said in a statement.

ClearTax has over one million users. It recently raised Rs 8.6 crore (USD 1.3 million) in angel investment from investors like Max Levchin, Neeraj Arora, Scott and Cyan Bannister.

mChamp gets Rs 5 crore seed funding from MoMagic * Foxconn-backed MoMagic Technologies today said it has invested Rs 5 crore in seed funding in Delhi-based startup mChamp Entertainments.

MChamp Entertainments is a celebrity and entertainment driven contest app. It is witnessing a 15 per cent month-on-month growth in terms of tie-ups and partnerships with FMCG brands, celebrity shows (TV /Concerts) and productions houses.

“It fits well with MoMagic business plans. Hence, the decision to seed fund mChamp,” MoMagic founder and CEO Arun Gupta said.

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Arun Maira, Kiran Karnik join Aavishkaar-Intellicap Council * The Aavishkaar-Intellecap Group today said former Planning Commission of India member Arun Maira and Kiran Karnik ex-Nasscom President have joined its Group Advisory Council (GAC).

The GAC will advise and guide in sharpening its focus on its stated vision of building businesses for those in developing countries, it said in a statement.

The Aavishkaar-Intellecap Group has over USD 350 million in assets, with 2,000 team members across three continents.

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Intel India inaugurates ‘Unnati Kendra’ at Haryana CSC * Tech major Intel India today shared details of three projects, designed to accelerate digital literacy at the grassroots level in India.

The projects aim at upskilling citizens in tier-II cities and beyond, encouraging innovation from the local level.

Intel India launched its latest ‘Unnati Kendra’ (UK) at a Common Service Centre (CSC) in Karnal, Haryana.

“This UK at CSC will serve as one of the common access digital learning centers for people of the state and Intel India aims to open several more of these facilities in the state,” Intel’s MD South Asia Debjani Ghosh said.

Intel India is working with the government to open a network of up to 100 ‘UK at CSC’ facilities across 10 states this year, with 10 such facilities already set up in the state of Telangana.