About TaxNodes
TaxNodes is a Financial Services company based in Ahmedabad (India) founded in 2022 by Avinash Shekhar and Karthikeyan NG. Cryptocurrency tax calculations and reports are managed online. It operates in the Financial Services and Technology sectors. TaxNodes has raised $1.6 million across 1 funding round from investors including Rahul Pagidipati, Nischal Shetty and Ashish Singhal. The company has 1 employees. Its chief executive, as recorded, is Avinash Shekhar. Its Indian entity Mlfirst Technologies Private Limited reported revenue of ₹2.09 Cr. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Record to Report. Its competitors include TaxBuddy and KoinX; 2 of its 2 listed competitors have raised funding.
Company details
TaxNodes was founded in 2022 and is based in Ahmedabad, India. An online platform is operated to handle cryptocurrency tax management. Services including tax calculations, consulting, income tax filings, advisory support, and detailed reports are provided. The company serves the cryptocurrency sector, with primary operations in India focused on compliance and reporting needs.
- Headquarters Ahmedabad, India
- Employees 1
- Founders Avinash Shekhar, Karthikeyan NG
- SectorsFinancial ServicesTechnology
- Email••••••••
- Phone•••• ••••
- Website taxnodes.com
- Social LinkedIn X
- Legal Name Mlfirst Technologies Private Limited
- Date of Incorporation 29 Nov, 2021
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹2.09 Cr
FY 2024 · +156% YoY
- Net Loss-₹4.40 Cr
FY 2024 · -210% margin
- EBITDA-₹4.26 Cr
FY 2024 · -204% margin
- Total Equity Funding$1.6M (USD)
in 1 rounds
- Latest Funding Round$1.6M (USD), Seed
Jun 2023
- Employee Count1
Associated legal entities of TaxNodes
TaxNodes operates through Mlfirst Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mlfirst Technologies Private Limited CIN U72900GJ2021PTC127597 | Active | 29 Nov 2021 | Ahmedabad, Gujarat | ₹2.1 Cr | 2 | View details |
Funding Insights of TaxNodes
TaxNodes has successfully raised a total of $1.6M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.6 million completed in June 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 $1.6M
- Total Rounds 1
- Last Round Seed — $1.6M
- First Round $1.6M
(Jun 2023)
- Investors Count 4
All 1 funding rounds of TaxNodes 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 |
|---|---|---|---|---|---|
| Jun 2023 | $1.6M | Seed | – | Rahul Pagidipati, Nischal Shetty | – |
4 investors in total: 0 institutional and 4 angel.
Investors in TaxNodes
TaxNodes has secured backing from 4 investors, including angel investors. Prominent investors backing the company include Rahul Pagidipati, Nischal Shetty and Ashish Singhal.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
RP Rahul Pagidipati | Angel investor, entrepreneur, focused on healthcare and tech startups in India. | unknown_c2ee08fdbc7947368 | ||
NS Nischal Shetty | Founder of WazirX, leading Indian crypto exchange, and active angel investor | unknown_2a0c0cd0fe3d48b58 | ||
AS Ashish Singhal | Co-founder & CEO of CoinSwitch, leading crypto investor, active angel | unknown_3d70952b7a1544059 | ||
AK Ajeet Khurana | Angel investor, crypto expert, ex-CEO of Zebpay, mentor to startups | unknown_f3867b66931c4643b |
Investor details for TaxNodes
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Mlfirst Technologies Private Limited (TaxNodes)
Mlfirst Technologies Private Limited is the primary company behind TaxNodes. The board of Mlfirst Technologies Private Limited currently have 2 directors; the longest-serving is Avinash Shekhar, appointed in 2022. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Avinash Shekhar DIN 03232630 | Director | 18 Jul 2022 | 4 yrs 3 mo | Mlfirst Technologies Private Limited |
| Jyothi Swaroop Kola DIN 10851074 | Director | 29 Nov 2024 | 1 yr 11 mo | Mlfirst Technologies Private Limited |
People of TaxNodes
4 people are tracked at TaxNodes (2 in leadership, 2 in team); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
Karthikeyan NG | Co-Founder & CTO | Leadership |
Menaka Vasudevan | Human Resources Associate | Team |
| Assistant Manager Finance | Team |
Complete people profiles for TaxNodes
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of TaxNodes
Figures of Mlfirst Technologies Private Limited, the primary company behind TaxNodes, for FY 2024. Revenue was ₹2.09 Cr (+156% year on year). Net loss was -₹4.40 Cr (-210% margin). EBITDA was -₹4.26 Cr (-204% margin).
- ₹2.09 CrRevenue · FY 2024 · +156% YoY
- -₹4.40 CrNet loss · -210% margin
- -₹4.26 CrEBITDA · -204% margin
- ₹1.75 CrPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Mlfirst Technologies Private Limited are on its company page.
Detailed financial statements for TaxNodes
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of TaxNodes
2 dated milestones of TaxNodes across 1 years, from founding to its latest funding, stage changes and deals.
- Founded TaxNodes is founded.
- Funding First funding round of $1.6M.
Competitors of TaxNodes
TaxNodes has 2 listed competitors in our database, 2 of them funded. They include TaxBuddy and KoinX.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| taxbuddy.com | 2018 | Mumbai, India | $3.68M | 68 | Assisted and DIY online tax filing services are provided. | |
| koinx.com | 2022 | Cuttack, India | $1.5M | 18 | Crypto tax management and exchange integration are facilitated online. |
Detailed competitors of TaxNodes
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of TaxNodes
Websites that share an audience with TaxNodes (taxnodes.com).
Websites whose visitors overlap most with TaxNodes. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| zebpay.com | 100% | 253.4K | #155,029 | View details | |
defirate.com | defirate.com | 86% | #611,053 | – | |
| taxbit.com | 79% | 24.9K | #983,495 | View details | |
| taxfull.com | 60% | #1,656,419 | View details | ||
| coinloan.io | 30% | 9.3K | #1,954,490 | View details |
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Related news about Taxnodes
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Frequently Asked Questions about TaxNodes
TaxNodes was founded in 2022 and raised its 1st funding round 1 year after it was founded.
TaxNodes is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Avinash Shekhar is the CEO of TaxNodes, as recorded in our data. They have also founded this company.
TaxNodes is a funded company, having raised a total of $1.6M across 1 funding round to date. The company's 1st funding round was a Seed of $1.6M, raised on Jun 2023.
TaxNodes has 1 employees.
The primary company behind TaxNodes, Mlfirst Technologies Private Limited, reported revenue of ₹2.09 Cr for FY 2024, up 156% year on year.
TaxNodes was founded in 2022 and is based in Ahmedabad, India. An online platform is operated to handle cryptocurrency tax management. Services including tax calculations, consulting, income tax filings, advisory support, and detailed reports are provided. The company serves the cryptocurrency sector, with primary operations in India focused on compliance and reporting needs.
TaxNodes has 4 investors. Key investors include Rahul Pagidipati, Nischal Shetty, Ashish Singhal, and Ajeet Khurana.
TaxNodes operates through Mlfirst Technologies Private Limited.
The legal entities of TaxNodes currently have 2 directors, including Avinash Shekhar, Jyothi Swaroop Kola.