About TaxBuddy
TaxBuddy is a company based in Mumbai (India) founded in 2018 by Brijmohan Lavaniya, Samir Jayaswal, and Srinivas Reddy.. TaxBuddy has raised $3.68 million across 2 funding rounds from investors including Systematix, Mangal Keshav and Zenith Global. The company has 46 employees as of November 23, 2024. TaxBuddy offers products and services including ITR Filing, GST Filing, Tax Planning, and TDS Return Filing. TaxBuddy operates in a competitive market with competitors including TaxAct, TaxDown, OnlinePajak, Blue dot and Anrok, among others.
- Headquarter Mumbai, India
- Employees 46 as on 23 Nov, 2024
- Founders Brijmohan Lavaniya, Samir Jayaswal, Srinivas Reddy
- Stage Minicorn
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Sectors
Technology
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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 Ssba Innovations Ltd.
- Jurisdiction Powai, Maharashtra, India
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Annual Revenue
$238.67 K (USD)313.47as on Mar 31, 2022
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Net Profit
$-1.07 M (USD)-152.31as on Mar 31, 2022
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EBITDA
$-995.31 K (USD)-241.91as on Mar 31, 2022
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Total Equity Funding
$3.68 M (USD)
in 2 rounds
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Latest Funding Round
$2.12 M (USD), Seed
May 23, 2022
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Investors
Systematix
& 31 more
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Employee Count
46
as on Nov 23, 2024
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Products & Services of TaxBuddy
TaxBuddy offers a comprehensive portfolio of products and services, including ITR Filing, GST Filing, Tax Planning, and TDS Return Filing. 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.
Assisted online filing for income tax returns
Registration and timely submission of GST returns
Tools to reduce tax liability and maximize savings
Seamless filing for tax deducted at source
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Funding Insights of TaxBuddy
TaxBuddy has successfully raised a total of $3.68M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.12 million completed in May 2022. 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 2
- Last Round Seed — $2.1M
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First Round
First Round
(27 Oct 2020)
- Investors Count 32
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Seed - TaxBuddy | Valuation | Zenith Global , Anita Baburao Waghmare | |
| Oct, 2020 | Amount | Seed - TaxBuddy | Valuation | Zenith Global |
| 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 TaxBuddy
TaxBuddy has secured backing from 32 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Systematix, Mangal Keshav and Zenith Global. 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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Private equity is directed toward multiple sectors by the firm.
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Founded Year | Domain | Location | |
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Provider of technical consultancy, market intelligence, and conference services for food and drinks industry
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Founded Year | Domain | Location | |
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Stock brokerage services are provided to investors in India.
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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.
|
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 TaxBuddy
| 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 - TaxBuddy
| 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 |
Taxbuddy Comparisons
Competitors of TaxBuddy
TaxBuddy 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 TaxAct, TaxDown, OnlinePajak, Blue dot and Anrok, 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 |
Tax filing software is offered for individuals and businesses.
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| domain | founded_year | HQ Location |
Cloud and app-based tax management solutions for individuals and businesses
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| domain | founded_year | HQ Location |
Tax reporting SaaS platform is provided for SMEs.
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| domain | founded_year | HQ Location |
Tax compliance solutions are delivered for employees and businesses.
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| domain | founded_year | HQ Location |
Cloud-based sales tax compliance solution that automates tax calculation and filing for software-as-a-service companies, enabling them to focus on growth while ensuring compliance with global tax regulations
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| domain | founded_year | HQ Location |
Professional tax preparation software is developed for tax professionals.
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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 TaxBuddy
When was TaxBuddy founded?
TaxBuddy was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is TaxBuddy located?
TaxBuddy is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of TaxBuddy?
Samir Jayaswal is the current CEO of TaxBuddy. They have also founded this company.
Is TaxBuddy a funded company?
TaxBuddy is a funded company, having raised a total of $3.68M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.56M, raised on Oct 27, 2020.
How many employees does TaxBuddy have?
As of Nov 23, 2024, the latest employee count at TaxBuddy is 46.
What is the annual revenue of TaxBuddy?
Annual revenue of TaxBuddy is $238.67K as on Mar 31, 2022.
What does TaxBuddy do?
TaxBuddy was founded in 2018 in Mumbai, India, within the tax services sector. Assisted and DIY online tax filing is offered, alongside tax planning and resolution of tax notices. GST filing, TDS return filing, and HUF registration and filing are handled. Access to tax experts for consultations is provided, with additional services including accounting, virtual CFO support, and legal assistance for compliance needs.
Who are the top competitors of TaxBuddy?
What products or services does TaxBuddy offer?
TaxBuddy offers ITR Filing, GST Filing, Tax Planning, and TDS Return Filing.
Who are TaxBuddy's investors?
TaxBuddy has 32 investors. Key investors include Systematix, Mangal Keshav, Zenith Global, S A Trading, and Mansun Consultancy.
What is TaxBuddy's valuation?
The valuation of TaxBuddy is $37.67M as of May 2022.
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