Prosperr.io Bags Pre-Seed Funding To Simplify Taxation

Share via:


SUMMARY

Prosperr.io has raised INR 12.9 Cr (around $1.55 Mn) in a pre-seed funding round led by Pinterest and Coinbase board member Gokul Rajaram

The round also saw participation from a host of angel investors, including JioSaavn’s cofounder Vinodh Bhat, Livspace founder Ramakant Sharma and CRED founder Kunal Shah among others

The Bengaluru-based company plans to use the fresh funds to build its AI-first Tax Advisor and to build a tax optimisation platform for both Indian and overseas users

Fintech SaaS startup Prosperr.io has raised INR 12.9 Cr (around $1.55 Mn) in a pre-seed funding round led by Pinterest and Coinbase board member Gokul Rajaram.

The round also saw participation from a host of angel investors, including JioSaavn’s cofounder Vinodh Bhat, Livspace founder Ramakant Sharma and CRED founder Kunal Shah among others.

The Bengaluru-based company plans to use the fresh funds to build its AI-first Tax Advisor and to build a tax optimisation platform for both Indian and overseas users. 

Founded by Manas Gond and Dev Kumar in 2022, Prosperr.io offers a subscription-based service designed to simplify the process of managing and paying taxes for individuals in India.

The company is also aiming for an annual revenue of $100 Mn in the next four years.

“The growing complexity of income tax regulations and the increasing number of individuals filing income tax returns (ITR) highlighted the need for a user-friendly  and technology-driven solution. Our mission is to address this challenge by developing AI-powered solutions that redefine income tax management and help our customers save money while achieving their financial goals,” said Gond.

Prosperr.io claims to offer two core products to its B2B customers, Super Saver Product and Prosperr-FBP Flexi Benefits Plans. While the former helps individuals plan and save their taxes efficiently, the latter enables employers to provide non-taxable allowances.

To be sure, taxpayers seeking advice on taxation and filing services are tapping the likes of fintech platforms, including Clear, JJ Tax, Quicko and ESARWA among others, for tax filing solutions.

The company also claims to leverage a powerful AI engine to examine invoices and transactions,  further ensuring lawful claim of tax benefits. 





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Prosperr.io Bags Pre-Seed Funding To Simplify Taxation


SUMMARY

Prosperr.io has raised INR 12.9 Cr (around $1.55 Mn) in a pre-seed funding round led by Pinterest and Coinbase board member Gokul Rajaram

The round also saw participation from a host of angel investors, including JioSaavn’s cofounder Vinodh Bhat, Livspace founder Ramakant Sharma and CRED founder Kunal Shah among others

The Bengaluru-based company plans to use the fresh funds to build its AI-first Tax Advisor and to build a tax optimisation platform for both Indian and overseas users

Fintech SaaS startup Prosperr.io has raised INR 12.9 Cr (around $1.55 Mn) in a pre-seed funding round led by Pinterest and Coinbase board member Gokul Rajaram.

The round also saw participation from a host of angel investors, including JioSaavn’s cofounder Vinodh Bhat, Livspace founder Ramakant Sharma and CRED founder Kunal Shah among others.

The Bengaluru-based company plans to use the fresh funds to build its AI-first Tax Advisor and to build a tax optimisation platform for both Indian and overseas users. 

Founded by Manas Gond and Dev Kumar in 2022, Prosperr.io offers a subscription-based service designed to simplify the process of managing and paying taxes for individuals in India.

The company is also aiming for an annual revenue of $100 Mn in the next four years.

“The growing complexity of income tax regulations and the increasing number of individuals filing income tax returns (ITR) highlighted the need for a user-friendly  and technology-driven solution. Our mission is to address this challenge by developing AI-powered solutions that redefine income tax management and help our customers save money while achieving their financial goals,” said Gond.

Prosperr.io claims to offer two core products to its B2B customers, Super Saver Product and Prosperr-FBP Flexi Benefits Plans. While the former helps individuals plan and save their taxes efficiently, the latter enables employers to provide non-taxable allowances.

To be sure, taxpayers seeking advice on taxation and filing services are tapping the likes of fintech platforms, including Clear, JJ Tax, Quicko and ESARWA among others, for tax filing solutions.

The company also claims to leverage a powerful AI engine to examine invoices and transactions,  further ensuring lawful claim of tax benefits. 





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

CFTC report endorses tokenizing trading collateral 

Distributed ledger technology can help solve longstanding challenges...

Elon Musk is directing harassment toward individual federal workers

Elon Musk is, in addition to many other...

CFTC report endorses tokenizing trading collateral 

Distributed ledger technology can help solve longstanding challenges...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!