About Clear
Clear is a company based in Bengaluru (India) founded in 2011 by Srivatsan Chari, Archit Gupta, Ankit Solanki, and Max Levchin. It operates as a SaaS (Software-as-a-Service), Subscription Services, and FinTech. Clear has raised $141.27 million across 10 funding rounds from investors including Paytm, Stripe and PayPal. The company has 728 employees as of April 05, 2024. Clear has completed 2 acquisitions, including CimplyFive and Xpedize. Clear offers products and services including GST Filing Solution, ITR Filing, E-Invoicing & E-Way Bill, and Invoice Discounting. Clear operates in a competitive market with competitors including Intuit, Visma, Xero, Wave and FreshBooks, among others.
- Headquarter Bengaluru, India
- Employees 728 as on 05 Apr, 2024
- Founders Srivatsan Chari, Archit Gupta, Ankit Solanki, Max Levchin
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Sectors
Technology
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Email
Locked
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Phone
Locked
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Website
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Social
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- Legal Name Defmacro Software Pvt. Ltd.
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$13.4 M (USD)84.63as on Mar 31, 2023
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Net Profit
-$27.97 M (USD)-4.47as on Mar 31, 2023
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EBITDA
-$27.02 M (USD)-2.25as on Mar 31, 2023
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Total Equity Funding
$141.27 M (USD)
in 10 rounds
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Latest Funding Round
$851.43 K (USD), Series C
Mar 26, 2024
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Investors
Paytm
& 16 more
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Employee Count
728
as on Apr 05, 2024
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Investments & Acquisitions
CimplyFive
& 1 more
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Products & Services of Clear
Clear offers a comprehensive portfolio of products and services, including GST Filing Solution, ITR Filing, E-Invoicing & E-Way Bill, and Invoice Discounting.
GST filing is facilitated for compliance and efficiency.
Income tax returns are filed quickly and easily.
Bulk invoicing is supported within any ERP system.
Early vendor payments are enabled to maximize EBITDA.
People of Clear
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Leadership Team
13 people
Product Management Team
10 people
Sales and Marketing
10 people
Software Development Team
7 people
Senior Team
6 people
Finance and Accounting
4 people
Manager Team
3 people
Creative and Marketing Team
2 people
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Funding Insights of Clear
Clear has successfully raised a total of $141.27M across 10 strategic funding rounds. The most recent funding activity was a Series C round of $851.43 thousand completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Clear
Clear has secured backing from 17 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Paytm, Stripe and PayPal.
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Private equity firm focused on consumer goods, retail, transportation, and technology companies
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Elevation Capital is focused on early-stage tech investments in India.
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Investor details for Clear
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Clear
Clear has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include CimplyFive and Xpedize.
Investment portfolio details for Clear
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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SaaS-based dynamic discounting software connects suppliers, buyers, and investors.
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Cloud-based compliance solutions are provided for MCA requirements and governance.
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Locked | Locked | 2014 | Locked |
Complete acquisition details for Clear
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- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Clear
Detailed financials for Clear
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
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Clear Comparisons
Peer comparison for Clear
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
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Competitors of Clear
Clear operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Intuit, Visma, Xero, Wave and FreshBooks, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Financial and accounting software is developed for businesses and individuals.
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Cloud-based ERP software is provided for business management across segments.
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Cloud-based accounting and payment management is offered for small businesses.
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Web-based accounting software is offered for business use.
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Cloud-based invoicing and accounting software is offered for businesses.
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Detailed competitors of Clear
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
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- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Clear
Complete news archive for Clear
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Clear
Clear was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Clear is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Archit Gupta is the current CEO of Clear. They have also founded this company.
Clear is a funded company, having raised a total of $141.27M across 10 funding rounds to date.
As of Apr 05, 2024, the latest employee count at Clear is 728.
Annual revenue of Clear is $13.4M as on Mar 31, 2023.
Taxation and financial solutions are offered by Clear to individuals, businesses, and chartered accountants across India. Services are provided in sectors like GST compliance, income tax filing, e-invoicing, and invoice discounting. A connected finance ecosystem is built to enable efficiency, profitability, and 100 compliance. Advanced automation tools are utilized to improve cash flow and working capital management. Support is extended to industries such as FMCG, manufacturing, logistics, automotive, and startups with tailored solutions.
Clear offers GST Filing Solution, ITR Filing, E-Invoicing & E-Way Bill, and Invoice Discounting.
Clear has made 2 acquisitions, including CimplyFive, and Xpedize.
Clear has 17 investors. Key investors include Paytm, Stripe, PayPal, FundersClub, and Aparna Chennapragada.