Stripe invested in the tax management software developer through a series C round which reportedly almost tripled its valuation to $700m.

India-based accountancy software provider Clear has secured $75m in a series C round featuring digital payment technology provider Stripe, The Economic Times reported on Sunday.

Investment firm Kora Capital led the round and was also joined by Alua Capital, Think Capital and unnamed existing investors. People with knowledge of the deal told ET it increased the company’s valuation from $250m to approximately $700m.

Founded in 2011 as ClearTax and incubated by Y Combinator, Clear has developed an online platform which…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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