About Clear
Clear is a Technology company based in Bengaluru (India) founded in 2011 by Srivatsan Chari, Archit Gupta, Ankit Solanki, and Max Levchin. Technology-enabled accounting and finance solutions are offered for SMBs. It operates on a SaaS (Software-as-a-Service), Subscription Services, and FinTech model. Clear has raised $141.27 million across 10 funding rounds from investors including Paytm, Stripe and PayPal. The company has 728 employees. Clear has completed 2 acquisitions, including CimplyFive and Xpedize. Its chief executive, as recorded, is Archit Gupta. Its website clear.in draws about 136 thousand monthly visits. Its Indian entity Defmacro Software Private Limited reported revenue of ₹277 Cr. Clear offers products and services including GST Filing Solution, ITR Filing, E-Invoicing & E-Way Bill, and Invoice Discounting. Its focus areas include FinTech, Tax and Compliance Solutions, Finance and Financial Services.
Company details
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.
- Headquarters Bengaluru, India
- Employees 728
- Founders Srivatsan Chari, Archit Gupta, Ankit Solanki, Max Levchin
- SectorsTechnology
- Email••••••••
- Website clear.in
- Social LinkedIn X Facebook Instagram
- Legal Name Defmacro Software Pvt. Ltd.
- Date of Incorporation 29 Jan, 2016
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹277 Cr
FY 2025 · +29% YoY
- Net Loss-₹95.62 Cr
FY 2025 · -35% margin
- EBITDA-₹86.06 Cr
FY 2025 · -31% margin
- Total Equity Funding$141.27M (USD)
in 10 rounds
- Latest Funding Round$851.43K (USD), Series C
Mar 2024
- InvestorsPaytm
& 16 more
- Employee Count728
- Investments & AcquisitionsCimplyFive
& 1 more
Associated legal entities of Clear
Clear is associated with 2 registered companies on The Company Check; the primary company is Defmacro Software Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Defmacro Software Private Limited CIN U72200HR2016PTC140767 | Active | 29 Jan 2016 | New Delhi, Delhi | ₹277 Cr | 728 | 4 | View details |
| Defmacro Software Pvt. Ltd. CIN U72200DL2016PTC290345 | 29 Jan 2016 | New Delhi, Delhi, India | View details |
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.
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.
- Total Funding $141.27M
- Total Rounds 10
- Last Round Series C — $851,427
- Investors Count 17
All 10 funding rounds of Clear with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2024 | $851,427 | Series C | – | – | |
| Jan 2022 | Angel Round | – | Aparna Chennapragada, Surojit Chatterjee | – | |
| Oct 2021 | $75M | Series C | – | Kora | |
| Oct 2018 | $50M | Series B | – | Composite Capital Management | – |
| Jun 2016 | $12M | Series A | – | Elevation Capital | – |
| May 2016 | $2M | Seed | – | Ryan Petersen | – |
| Apr 2016 | $1.3M | Seed | – | PayPal | |
| Oct 2015 | Seed | – | Paytm | – | |
| Jun 2014 | $120,000 | Seed | – | Y Combinator | – |
| Jun 2014 | Seed | – | FundersClub | – |
17 investors in total: 11 institutional and 6 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment Firm | thinkinvestments.com | San Francisco, United States | ||
Private equity firm focused on consumer goods, retail, transportation, and technology companies | Hong Kong, China | |||
Elevation Capital is focused on early-stage tech investments in India. | elevationcapital.com | Delhi, India | ||
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
| tenacity.vc | ||||
Equity-focused investment research is conducted for market analysis. | koracap.com | Brooklyn, United States | ||
Payment processing and card issuance solutions are provided for businesses. | 2009 | stripe.com | San Francisco, United States | |
Multiple sectors are invested in by the multi-strategy hedge fund. | New York, United States | |||
Online payment solutions are offered to consumers and businesses. | 1998 | paypal.com | San Jose, United States | |
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | paytm.com | Noida, India |
Investor details for Clear
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Defmacro Software Private Limited (Clear)
Defmacro Software Private Limited is the primary company behind Clear. The board of Defmacro Software Private Limited currently have 3 directors; the longest-serving is Archit Gupta, appointed in 2016. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Archit Gupta DIN 03527968 | Whole-time director | 29 Jan 2016 | 10 yrs 9 mo | Defmacro Software Private Limited |
| Raja Ram Gupta DIN 03084589 | Director | 29 Jan 2016 | 10 yrs 9 mo | Defmacro Software Private Limited |
| Srivatsan Ravindran Chari DIN 05229187 | Whole-time director | 26 Sep 2020 | 6 yrs 1 mo | Defmacro Software Private Limited |
People of Clear
76 people are tracked at Clear (29 in leadership, 47 in team); the tracked headcount is 728.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
Ankit Solanki | Co-Founder | Leadership |
Max Levchin | Co-Founder | Leadership |
Nichelle Suman Aranha | Senior Executive ( Ceo's Office) | Leadership |
Udit Varma | Regional Head- Ts, AP & KL | Leadership |
Bhagyashree Kothari | GM & Senior Director, International Expansion & Growth | Leadership |
Utkarsh Agarwal | Head - Business And Product | Leadership |
Pragati Ojha | Associate Director - Product Marketing | Leadership |
Bharat Pakkal | Accounts Receivable Director | Leadership |
Shemeem Ck | Associate Director - Middle East Business | Leadership |
Tanvi Singhal | Strategy (ceo's Office) | Leadership |
Pratiksha M | Associate Director - Marketing | Leadership |
Navneet K Agrawal (Fca | Associate Director | Leadership |
Arunima Singh Jamwal | Head Of BFSI & Payroll Partnerships | Leadership |
Sreenandan K B | Program Manager - Ceo's Office | Leadership |
Ankit Agrawal | Business Head, SEA And EU Markets | Leadership |
Hanumanthu Jarpala | Director - Integrations | Leadership |
Neeraj Arora | Head Of Business | Leadership |
Sumit Kawariya | Head Of Enterprise Business & Finance | Leadership |
56 more people are available in the full profile.
Complete people profiles for Clear
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Clear
Figures of Defmacro Software Private Limited, the primary company behind Clear, for FY 2025. Revenue was ₹277 Cr (+29% year on year). Net loss was -₹95.62 Cr (-35% margin). EBITDA was -₹86.06 Cr (-31% margin). Revenue has grown at a compounded annual rate of +66% over three years and +51% over five years.
- ₹277 CrRevenue · FY 2025 · +29% YoY
- -₹95.62 CrNet loss · -35% margin
- -₹86.06 CrEBITDA · -31% margin
- ₹113 CrPaid-up capital
- 728Employees (provident fund records)
- +66%Revenue CAGR, 3 years
- +51%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Defmacro Software Private Limited are on its company page.
Detailed financial statements for Clear
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Five-year trends
- Downloads
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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cloud-based compliance solutions are provided for MCA requirements and governance. | cimplyfive.com | Bengaluru, India | 2014 | Jul 2022 | •••• | |
SaaS-based dynamic discounting software connects suppliers, buyers, and investors. | xpedize.com | Gurugram, India | 2017 | Mar 2022 | $13.15M |
Complete acquisition details for Clear
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Clear
5 dated milestones of Clear across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Clear is founded.
- Funding First funding round.
- Acquisition Acquires Xpedize.
- Acquisition Acquires CimplyFive.
- Funding Latest funding round, Series C, of $851K.
Web traffic of Clear
The website of Clear (clear.in) receives about 136.2K visits a month.
- Monthly visits136.2K
▼ 6.9% vs previous month
Websites whose visitors overlap most with Clear. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
cleartax.in | cleartax.in | 100% | #6,074 | – | |
taxcloudindia.com | taxcloudindia.com | 87% | #163,195 | – | |
| taxguru.in | 78% | 1.4M | #40,981 | View details | |
| invoicemart.com | 74% | 69.9K | #382,709 | View details | |
| gogstbill.com | 71% | 838.1K | #49,288 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Clear
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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 CEO of Clear, as recorded in our data. They have also founded this company.
Clear is a funded company, having raised a total of $141.27M across 10 funding rounds to date.
Clear has 728 employees.
The primary company behind Clear, Defmacro Software Private Limited, reported revenue of ₹277 Cr for FY 2025, up 29% year on year.
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.
Clear operates through Defmacro Software Private Limited.
The legal entities of Clear currently have 4 directors, including Archit Gupta, Srivatsan Ravindran Chari, Raja Ram Gupta and others.