About TaxNodes
TaxNodes is a company based in Ahmedabad (India) founded in 2022 by Avinash Shekhar and Karthikeyan NG.. 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 as of April 04, 2024. TaxNodes operates in a competitive market with competitors including TaxAct, TaxDown, ZenLedger, TaxScouts and Exactera, among others.
- Headquarter Ahmedabad, India
- Employees 1 as on 04 Apr, 2024
- Founders Avinash Shekhar, Karthikeyan NG
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Sectors
Financial ServicesTechnology
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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 Mlfirst Technologies Private Limited
- Date of Incorporation 29 Nov, 2021
- Jurisdiction Ahemdabad, Gujarat, India
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Annual Revenue
$98.15 K (USD)0as on Mar 31, 2023
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Net Profit
$-142.27 K (USD)-113504.07as on Mar 31, 2023
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EBITDA
$-138.63 K (USD)-212787.74as on Mar 31, 2023
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Total Equity Funding
$1.6 M (USD)
in 1 rounds
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Latest Funding Round
$1.6 M (USD), Seed
Jun 14, 2023
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Investors
& 3 more
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Employee Count
1
as on Apr 04, 2024
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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 Total Funding
- Total Rounds 1
- Last Round Seed — $1.6M
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First Round
First Round
(14 Jun 2023)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Seed - TaxNodes | Valuation | Rahul Pagidipati , Nischal Shetty |
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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 TaxNodes
TaxNodes has secured backing from 4 investors, including angel investors. Prominent investors backing the company include Rahul Pagidipati, Nischal Shetty and Ashish Singhal. 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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RP
Rahul Pagidipati |
Angel investor, entrepreneur, focused on healthcare and tech startups in India.
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Founded Year | Domain | Location |
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NS
Nischal Shetty |
Founder of WazirX, leading Indian crypto exchange, and active angel investor
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Founded Year | Domain | Location |
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AS
Ashish Singhal |
Co-founder & CEO of CoinSwitch, leading crypto investor, active angel
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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 TaxNodes
| 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 - TaxNodes
| 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 |
Taxnodes Comparisons
Competitors of TaxNodes
TaxNodes 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, ZenLedger, TaxScouts and Exactera, 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 |
Cloud-based crypto tax management solutions are offered to investors.
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| domain | founded_year | HQ Location |
Tax planning is delivered via chatbots and human advisors.
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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 |
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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Latest news on Taxnodes
Frequently Asked Questions about TaxNodes
When was TaxNodes founded?
TaxNodes was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is TaxNodes located?
TaxNodes is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Who is the current CEO of TaxNodes?
Avinash Shekhar is the current CEO of TaxNodes. They have also founded this company.
Is TaxNodes a funded 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 14, 2023.
How many employees does TaxNodes have?
As of Apr 04, 2024, the latest employee count at TaxNodes is 1.
What is the annual revenue of TaxNodes?
Annual revenue of TaxNodes is $98.15K as on Mar 31, 2023.
What does TaxNodes do?
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.
Who are the top competitors of TaxNodes?
Who are TaxNodes's investors?
TaxNodes has 4 investors. Key investors include Rahul Pagidipati, Nischal Shetty, Ashish Singhal, and Ajeet Khurana.