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Stripe backs India’s Clear in $75 million funding



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Stripe has made its second investment in India, just days after disclosing the first. One of the world’s most valuable startups has backed Bangalore-based SaaS fintech firm Clear, the two said Sunday evening.
The 10-year-old Indian startup, formerly known as ClearTax, said it has raised $75 million in its Series C funding. The round was led by Kora Capital. Stripe, as well as Alua Capital, Think Investments and several other existing investors participated in the round, which brings the startup’s all-time raise to over $140 million. The new round values the Indian startup at over $700 million, according to a person familiar with the matter.
Clear — which counts Y Combinator, Sequoia Capital India, Founders Fund, and Elevation Capital among its earliest investors — helps individuals and businesses file their ta …

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