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Tax management infra startup Prosperr.io raises $4 Mn led by Jungle Ventures

EntrackrEntrackr · 25d ago
Tax management infra startup Prosperr.io raises $4 Mn led by Jungle Ventures
Medial

AI-led tax management infrastructure startup Prosperr.io has raised $4 million in a seed funding round led by Jungle Ventures. The round also saw participation from Yatra Angel Network, Sadev Ventures, and other investors. The Bengaluru-based company has now raised a total of $5.55 million since its incorporation in 2022. Earlier in August last year, Prosperr had raised $1.55 million in its pre-seed round led by Gokul Rajaram, a board member at Pinterest and Coinbase. The proceeds will be used to accelerate product development, strengthen AI capabilities, and scale its B2B sales operations. The company is also exploring expansion into adjacent areas such as wealth management. Founded by Manas Gond and Dev Kumar, Prosperr.io is building software infrastructure to manage tax planning, compliance, and employee reimbursements for both individuals and enterprises. The platform uses automation and AI to handle deductions, filings, and compliance workflows across salaried users and businesses. For enterprises, Prosperr.io offers tools that automate employee tax benefits, reimbursements, and compliance, reducing manual processing and regulatory risk. On the consumer side, the company operates a subscription-led model that provides ongoing tax planning and advisory, adjusting to changes in income and financial goals. The brand has also expanded its enterprise offering with an AI-powered reimbursement product aimed at simplifying corporate tax operations. Prosperr.io claims strong traction across both segments, with high retention among enterprise clients.

Exclusive: Proptech startup Truva raises $6.3 Mn at over $30 Mn valuation

EntrackrEntrackr · 16d ago
Exclusive: Proptech startup Truva raises $6.3 Mn at over $30 Mn valuation
Medial

Proptech startup Truva has raised over $6.32 million from existing investors Stellaris Venture Partners and Orios Venture Partners. Truva’s board has issued 54,628 Series A Compulsorily Convertible Preference Shares (CCPS) at an issue price of Rs 10,383 per share to raise a total of Rs 56.72 crore, according to its regulatory filing with the Registrar of Companies (RoC). Stellaris Venture Partners led the round with an investment of Rs 30.5 crore, followed by Orios Venture Partners, which infused Rs 26.22 crore. The fresh funds will be utilised for working capital requirements and business expansion of the company, as per the RoC filing. According to Entrackr’s estimates, Truva is valued at around Rs 284 crore ($31.60 million) on a post-money basis. Founded in 2023 by Puneet Arora, Monil Singhal and Ankit Gupta, Truva provides detailed property listings with extensive insights and support for buyers, including help with financing, paperwork, and registration. The startup also offers features such as natural light scores, noise ratings, 3D tours, and high-quality photos and videos. After the fresh allotment, Stellaris Venture Partners holds a 24.53% stake in Truva, while Orios Venture Partners owns 9.24%, respectively. The co-founders, Puneet Arora, Monil Singhal and Ankit Gupta collectively hold 54.87% stake in the company, with 18.29% each. Before this, the company had raised $3 million in a seed funding round led by early-stage venture capital firm Stellaris Venture Partners. For the year ended March 2024, Truva generated Rs 10.88 lakh in operating revenue and reported a loss of Rs 10.30 lakh, reflecting its early-stage, pre-revenue operations. The company is yet to file its financial statements for FY25.

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