About LogiTax
LogiTax is a company based in Pune (India) founded in 2017 by Aditya Kulkarni was acquired by Cashflo in May 2024.. LogiTax has raised $60.18 thousand across 1 funding round from investors including Cashflo and SoftCore Solutions. The company has 13 employees as of April 02, 2024. LogiTax operates in a competitive market with competitors including Avalara, Exactera, TAINA Technology, Taxdoo and TaxJar, among others.
- Headquarter Pune, India
- Employees 13 as on 02 Apr, 2024
- Founders Aditya Kulkarni
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Ankekshan Consulting Private Limited
- Date of Incorporation 24 Jul, 2013
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$255.61 K (USD)113.82as on Mar 31, 2023
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Net Profit
$-14.94 K (USD)-343.39as on Mar 31, 2023
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EBITDA
$-11.7 K (USD)-231.98as on Mar 31, 2023
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Total Equity Funding
$60.18 K (USD)
in 1 rounds
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Latest Funding Round
$60.18 K (USD), Seed
Sep 15, 2023
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Investors
Cashflo
& 1 more
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Employee Count
13
as on Apr 02, 2024
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Acquired by
Cashflo
(May 21, 2024)
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Funding Insights of LogiTax
LogiTax has successfully raised a total of $60.18K through 1 strategic funding round. The most recent funding activity was a Seed round of $60.18 thousand completed in September 2023. 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 Total Funding
- Total Rounds 1
- Last Round Seed — $60,175
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First Round
First Round
(15 Sep 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Seed - LogiTax | Valuation | SoftCore Solutions |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in LogiTax
LogiTax has secured backing from 2 investors. Prominent investors backing the company include Cashflo and SoftCore Solutions. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Offers ERP, CRM, and cloud services to streamline business processes across industries.
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Founded Year | Domain | Location | |
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Provider of accounts payable automation, payment, compliance, and vendor management software
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by LogiTax
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - LogiTax
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Logitax Comparisons
Competitors of LogiTax
LogiTax 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 Avalara, Exactera, TAINA Technology, Taxdoo and TaxJar, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cloud-based tax compliance solutions are delivered for businesses worldwide.
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| domain | founded_year | HQ Location |
Tax compliance software solutions are provided for business operations.
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| domain | founded_year | HQ Location |
Compliance management platforms are provided for financial institutions' regulatory needs.
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| domain | founded_year | HQ Location |
Sales tax management is offered for online retailers.
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| domain | founded_year | HQ Location |
Cloud-based tax calculations & compliance solutions for small businesses
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| domain | founded_year | HQ Location |
Bookkeeping and tax compliance platform for SMEs and freelancers
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about LogiTax
When was LogiTax founded?
LogiTax was founded in 2017 and raised its 1st funding round 6 years after it was founded.
Where is LogiTax located?
LogiTax is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Who is the current CEO of LogiTax?
Aditya Kulkarni is the current CEO of LogiTax. They have also founded this company.
Is LogiTax a funded company?
LogiTax is a funded company, having raised a total of $60.18K across 1 funding round to date. The company's 1st funding round was a Seed of $60.18K, raised on Sep 15, 2023.
How many employees does LogiTax have?
As of Apr 02, 2024, the latest employee count at LogiTax is 13.
What is the annual revenue of LogiTax?
Annual revenue of LogiTax is $255.61K as on Mar 31, 2023.
What does LogiTax do?
LogiTax was founded in 2017 in Pune, India, within the tax compliance sector. Operations focus on cloud-based software that handles GST processes, including e-invoicing, e-way bill generation, and return filing. Vendor management features are included for tracking, payments, and automated follow-ups. These tools support businesses in maintaining regulatory compliance and operational efficiency across various sizes.
Who are the top competitors of LogiTax?
Who are LogiTax's investors?
LogiTax has 2 investors. Key investors include Cashflo, and SoftCore Solutions.
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