UAE-based Zenith Global invests $1 million in India’s TaxBuddy.com

SourceWamda
SectorFinancial Markets
CountryUAE

Source: YourStory TaxBuddy.com, a Mumbai-based fintech startup, on Monday raised $1 million in early-stage funding from UAE-based fund Zenith Global.  According to a statement, the funds raised will fuel market outreach of TaxBuddy's products and deepen the connection with users. Owned by Mumbai-based SSBA Innovations Pvt. Ltd, TaxBuddy.com was launched in late 2019 as India’s online tax adviser offering for first-time, subscription-based plans of tax advisory. It offers filing services for income-tax and GST, tax-saving advisory and even ‘tax notice management services.’ Speaking about the new development, Sujit Bangar, Founder of TaxBuddy.com, said, “This has been possible because of the optimum use of technology for services to clients. For us, the client comes first, and we fit technology to the needs of the clients — what we call ‘human technology.’ Perhaps, TaxBuddy is the first in India to automate tax planning and notice management.” “Tax compliance and advisory services are distinct from other fintech services.

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