About Reach Tax
Reach Tax is a company based in Chennai (India) founded in 2005.. Reach Tax has raised $901.26 thousand across 3 funding rounds from investors including Sequoia Capital, Rajan Anandan and Robin Moses. The company has 1 employees as of April 02, 2024. Reach Tax operates in a competitive market with competitors including Contabilizei, FastSpring, Sleek, Consero Global and Fincent, among others.
- Headquarter Chennai, India
- Employees 1 as on 02 Apr, 2024
- Stage Minicorn
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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 Reach Process Outsourcing Private Limited
- Date of Incorporation 21 Oct, 2005
- Jurisdiction Tiruvallur, Tamil Nadu, India
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Annual Revenue
$249.4 K (USD)-19.75as on Mar 31, 2023
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Net Profit
$-1.43 K (USD)-112.87as on Mar 31, 2023
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EBITDA
$5.5 K (USD)-83.13as on Mar 31, 2023
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Total Equity Funding
$901.26 K (USD)
in 3 rounds
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Latest Funding Round
$197.04 K (USD), Seed
Sep 12, 2014
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Investors
Sequoia Capital
& 4 more
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Employee Count
1
as on Apr 02, 2024
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Funding Insights of Reach Tax
Reach Tax has successfully raised a total of $901.26K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $197.04 thousand completed in September 2014. 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 3
- Last Round Seed — $197,040
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First Round
First Round
(26 Sep 2011)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2014 | Amount | Seed - Reach Tax | Valuation | Sequoia Capital | |
| Mar, 2013 | Amount | Seed - Reach Tax | Valuation | Sequoia Capital |
|
| Sep, 2011 | Amount | Angel Round - Reach Tax | Valuation | Radhika Chopra , Rehan Yar Khan |
|
| 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 Reach Tax
Reach Tax has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Sequoia Capital, Rajan Anandan and Robin Moses. 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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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
|
RA
Rajan Anandan |
Managing Director at Peak XV, ex-Google India head, prolific angel investor
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Founded Year | Domain | Location |
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RM
Robin Moses |
Angel investor and entrepreneur, focusing on early-stage Indian startups.
|
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
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
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.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Reach Tax
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Reach Tax
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Reach Tax Comparisons
Competitors of Reach Tax
Reach Tax 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 Contabilizei, FastSpring, Sleek, Consero Global and Fincent, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online accounting and tax services are provided for small businesses.
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| domain | founded_year | HQ Location |
Cloud-based subscription management and tax collection solutions are provided.
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| domain | founded_year | HQ Location |
Platform offering business incorporation solution
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| domain | founded_year | HQ Location |
Online financial management and accounting services are offered to businesses.
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| domain | founded_year | HQ Location |
Online bookkeeping and tax filing are provided for small businesses.
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| domain | founded_year | HQ Location |
Online tax and bookkeeping services for businesses
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Reach Tax
When was Reach Tax founded?
Reach Tax was founded in 2005 and raised its 1st funding round 6 years after it was founded.
Where is Reach Tax located?
Reach Tax is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Is Reach Tax a funded company?
Reach Tax is a funded company, having raised a total of $901.26K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $98.92K, raised on Sep 26, 2011.
How many employees does Reach Tax have?
As of Apr 02, 2024, the latest employee count at Reach Tax is 1.
What is the annual revenue of Reach Tax?
Annual revenue of Reach Tax is $249.4K as on Mar 31, 2023.
What does Reach Tax do?
Reach Tax was founded in 2005 in Chennai, India, as a provider of online accounting and tax filing services targeted at small and medium-sized enterprises. Services include tax preparation, online invoicing, receivables and expense management, and document handling. A virtual accountant feature is also offered to monitor daily account details for clients in the financial services sector.
Who are the top competitors of Reach Tax?
Reach Tax's top competitors include Contabilizei, Pilot and Finaloop.
Who are Reach Tax's investors?
Reach Tax has 5 investors. Key investors include Sequoia Capital, Rajan Anandan, Robin Moses, Radhika Chopra, and Rehan Yar Khan.
What is Reach Tax's valuation?
The valuation of Reach Tax is $4.23M as of Sep 2014.