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Tax filing and investment startup ClearTax on Tuesday said it had raised $50 million (approximately Rs 370 crore) as a part of its Series B round of financing from Hong Kong-based Composite Capital. Without taking names, the company also said existing investors would be participating in the round, taking the total funding to Rs 400 crore.

The company will use the funds across three major areas, including accelerating the growth trajectory of the platform by acquiring more businesses and consumers; bolstering their engineering infrastructure and teams; and pushing for further sales and marketing of the platform. To continue reading the full article, click here.

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