TaxSpanner

TaxSpanner, based in India, is an IT solutions company specializing in income tax e-filing services, aimed at simplifying the tax process for individuals and businesses alike. Founded in 2007 in New Delhi, India, TaxSpanner offers tax e-filing services which facilitate compliance and tax planning for clients. The company has raised a total of INR 6. 00 mn across 3 deals.

Its latest funding round, a Secondary Stock Purchase amounting to INR 32. 07 mn, occurred on September 26, 2024, with Zaggle as the investor. The company is led by CEO Sudhir Kaushik, who co-founded it alongside Manoj Yadav. TaxSpanner primarily provides income tax e-filing services that simplify the tax filing process for both individuals and businesses in India.

Key offerings include professional tax planning, income tax return filing, and advisory services aimed at maximizing tax refunds while ensuring compliance with regulations. The platform supports a varied client base, including salaried individuals, self-employed professionals, and small to medium-sized enterprises, offering tailored assistance throughout the tax filing journey. In the most recent fiscal year of 2021, TaxSpanner reported a revenue of INR 12,462. 70 mn, with an EBITDA amount of INR -1,059.

90 mn. Following its recent deal on September 26, 2024, where Zaggle acquired a 98. 32% majority stake in TaxSpanner for INR 32. 07 mn, the company plans to leverage this investment to enhance its tax management offerings.

No specific details about upcoming product launches or geographic expansions have been disclosed, but the acquisition aims to strengthen TaxSpanner's market position.