About Optotax
Optotax is a company based in Hyderabad (India) founded in 2017 by Adisesha Reddy G and Ravi Somayaji. It operates as a B2B. Optotax offers products and services including Optotax Software. Optotax operates in a competitive market with competitors including Speqta GST, MyGSTCafe, Taxblock and GST Referencer, among others.
- Headquarter Hyderabad, India
- Founders Adisesha Reddy G, Ravi Somayaji
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Optobizz Software Private Limited
- Date of Incorporation 26 Jul, 2017
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$27.03 K (USD)128.14as on Mar 31, 2021
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Net Profit
$-170.11 K (USD)76.93as on Mar 31, 2021
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EBITDA
$7.73 K (USD)101.25as on Mar 31, 2021
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Latest Funding Round
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Investors
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Employee Count
Employee Count
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Products & Services of Optotax
Optotax offers a comprehensive portfolio of products and services, including Optotax Software. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for filing GST returns and generating reports for tax professionals.
Funding Insights of Optotax
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Investments & Acquisitions by Optotax
| 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 - Optotax
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Optotax Comparisons
Competitors of Optotax
Optotax 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 Speqta GST, MyGSTCafe, Taxblock and GST Referencer, 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 |
Provides GST compliance software for filing returns and tax reconciliation.
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| domain | founded_year | HQ Location |
Software for GST return filing, data upload, and automations for tax experts.
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| domain | founded_year | HQ Location |
Provider of tax compliance and consulting services
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| domain | founded_year | HQ Location |
Offers tax compliance tools designed for tax professionals.
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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 Optotax
When was Optotax founded?
Optotax was founded in 2017.
Where is Optotax located?
Optotax is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
What is the annual revenue of Optotax?
Annual revenue of Optotax is $27.03K as on Mar 31, 2021.
What does Optotax do?
Optotax is a GST compliance software platform designed for tax professionals in India, providing tools for managing clients, preparing and filing GST returns, and generating reports. It features automatic tax computations, seamless collaboration, and statutory compliance. Headquartered in Hyderabad, it serves over 50,000 professionals handling millions of businesses efficiently.
Who are the top competitors of Optotax?
Optotax's top competitors include Taxblock, Speqta GST and MyGSTCafe.
What products or services does Optotax offer?
Optotax offers Optotax Software.