TaxBuddy - About the company
TaxBuddy is a seed company based in Mumbai (India), founded in 2018 by Sujit Sudhakar Bangar, Samir Jayaswal, Sanjay Godbole, Srinivas Reddy and Brijmohan Lavaniya. It operates as a Provider of assisted and DIY online tax filing services. TaxBuddy has raised $3.68M in funding from Zenith Global, with a current valuation of $*****. The company has 561 active competitors, including 47 funded and 40 that have exited. Its top competitors include companies like TaxDown, Numeral One and Lettuce.
Company Details
Provider of assisted and DIY online tax filing services. It offers assistance with income tax return filing, tax planning, and resolving tax notices. Services also include GST filing, TDS return filing, and HUF registration and filing. The platform provides access to tax experts for consultations and support. A do-it-yourself option is also available for those who prefer to file independently. Additional services encompass accounting, virtual CFO services, and legal support.
- Website
- www.taxbuddy.com/
- Social
- Email ID
- *****@taxbuddy.com
- Phone Number
- +91 **********
- Registered Address
- 1309, LODHA SUPREMUS POWAI, SAKI VIHAR ROAD, OPP. MTNL OFFICE, Mumbai City, POWAI, Maharashtra, India, 400072
Key Metrics
Founded Year
2018
Location
Mumbai, India
Stage
Seed
Total Funding
$3.68M in 2 rounds
Latest Funding Round
Post Money Valuation
$***** as on May 23, 2022
Investors
Ranked
7th among 561 active competitors
Annual Revenue
₹10 - ₹50 Cr as on Mar 31, 2025
Employee Count
68 as on Jan 31, 2025
Legal entities associated with TaxBuddy
TaxBuddy is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
SSBA INNOVATIONS LIMITED CIN: U74999MH2017PLC298565 , India, Active | Aug 14, 2017 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | 29 (As on May 01, 2026) |
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TaxBuddy's funding and investors
TaxBuddy has raised a total funding of $3.68M over 2 rounds. Its first funding round was on Oct 27, 2020. Its latest funding round was a Seed round on May 23, 2022 for $*****. 28 investors participated in its latest round. TaxBuddy has 5 institutional investors and 37 angel investors.
Here is the list of recent funding rounds of TaxBuddy:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 23, 2022 | 5685259 | Seed | 2786854 | 3568270 | 5463742 | 4388673 |
Oct 27, 2020 | 8823278 | Seed | 6943154 | 5666846 |
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TaxBuddy's founders and board of directors
Founder? Claim ProfileThe founders of TaxBuddy are Sujit Sudhakar Bangar, Samir Jayaswal, Sanjay Godbole, Srinivas Reddy and Brijmohan Lavaniya. Samir Jayaswal is the CEO of TaxBuddy.
Here are the details of TaxBuddy's key team members:
- Sujit Sudhakar Bangar: Founder & Managing Director of TaxBuddy and founder of 1 other company. They are also an angel investor in 2 startups and serve on the board of 1 company.Contact Info: 1 phone number
- Samir Jayaswal: Co-Founder & CEO of TaxBuddy and founder of 1 other company. They are also an angel investor in 1 startup and serve on the boards of 2 companies.Contact Info: 2 email addresses and 2 phone numbers
- Sanjay Godbole: Co-Founder of TaxBuddy. They are also an angel investor in 2 startups and serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
- Srinivas Reddy: Co-Founder & CTO of TaxBuddy and founder of 1 other company. They are also an angel investor in 1 startup.Contact Info: 1 email address
- Brijmohan Lavaniya: Co-Founder of TaxBuddy. Contact Info: 1 email address and 1 phone number
TaxBuddy's Board of Directors
TaxBuddy's board has 6 active members. Sujit Sudhakar Bangar and Atul Umakant Rege are part of team and Siddharth Shah, Aparna Sujit Bangar, Pankaj Singhania and Rasesh Vrajeshkumar Thakore are independent board members.Here is the list of TaxBuddy's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
lpxzuov | Team | - | Past | 7y 9m |
awjiizl | Team | - | Past | 8y 2m |
ofxqioy | Team | - | Past | 6y 5m |
amhhenb | Team | - | Past | 7y 7m |
vijpreh | Independent board member | - | Past | 4y 8m |
ixuufth | Independent board member | - | Past | 6y 8m |
wpvfusu | Independent board member | - | Past | 3y 5m |
odumtpu | Independent board member | - | Past | 8y 6m |
View details of TaxBuddy's Founder profiles and Board Members
TaxBuddy's employee count trend
TaxBuddy has 68 employees as of Jan 25. The total employee count is 8.0% lower than what it was in Jan 24. Here is TaxBuddy's employee count trend over the years:
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TaxBuddy's Competitors and alternates
Top competitors of TaxBuddy include TaxDown, Numeral One and Lettuce. Here is the list of Top 10 competitors of TaxBuddy, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Cloud and app-based tax management solutions for individuals and businesses | $26.1M | 69/100 | ||
2nd |  Numeral One 2022, San Francisco (United States), Series B | Software-based sales tax automation management platform | $57M | 62/100 | |
3rd |  Lettuce 2023, San Francisco (United States), Series A | Automated accounting and tax management software | $52M | 61/100 | |
4th |  Vialto Partners 2022, New York City (United States), Acquired | Tax management, immigration, and mobility solutions for businesses | $225M | 60/100 | |
5th | onShore Security 1991, Chicago (United States), Series B | Cyber security solutions provider | $46M | 60/100 | |
6th |  TaxAct 1998, Dallas (United States), Acquired | Software-based tax filing platform for individuals and businesses | $85M | 58/100 | |
7th | Provider of assisted and DIY online tax filing services | $3.68M | 58/100 | ||
8th |  Filed 2024, Brooklyn (United States), Seed | Provider of AI-powered tax preparation, review, and advisory software | $17.2M | 56/100 | |
9th | _1546576904193.png?devicePixelRatio=2&height=30&width=30){kind=logo} Tax Systems 1991, Staines upon Thames (United Kingdom), Acquired | Tax compliance and regulatory solutions for businesses | - | 56/100 | |
10th | Drake Software 1976, Knoxville (United States), Late Stage | Professional tax preparation software | - | 55/100 |
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Financials of TaxBuddyFY 25 Available
SSBA INNOVATIONS LIMITED, the legal entity associated with TaxBuddy, generated between ₹10 Cr and ₹50 Cr in revenue for the financial year ending on Mar 31, 2025. The revenue of SSBA INNOVATIONS LIMITED has a compounded annual growth rate (CAGR) of 30% in the last 1 year.
Financial Statement Summary
Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
Income Statement | |||||
Revenue | 5519 | 4840 | 5260 | 4043 | 4959 |
Total Sales | 6710 | 8375 | 1690 | 5194 | 3436 |
Total Expenses | 1373 | 3663 | 7410 | 5710 | 7955 |
Operating Expenses | 1834 | 2022 | 5660 | 7139 | 6254 |
Employee Expenses | 7319 | 5652 | 3928 | 7401 | 8058 |
Marketing Expenses | 1682 | 6550 | 3784 | 4487 | 7729 |
Operating Income (EBIT) | 6931 | 4893 | 2285 | 2087 | 1030 |
Interest Expenses | 1990 | 4984 | 1451 | 6099 | 3647 |
Expenses from other activities | 3190 | 1991 | 3181 | 1245 | 3901 |
EBITDA | 1959 | 8042 | 8454 | 8199 | 3224 |
Taxes | 4487 | 1703 | 1215 | 2722 | 5622 |
Net Profit | 9847 | 2310 | 3123 | 9156 | 4721 |
Balance Sheet | |||||
Assets | 6669 | 6894 | 2228 | 3990 | 8019 |
Cash Equivalent | 5343 | 6687 | 9540 | 7732 | 8886 |
Accounts Receivables | 2550 | 8646 | 8684 | 1812 | 4966 |
Inventory | 7168 | 4284 | 1957 | 6354 | 9943 |
Liabilities | 4536 | 3199 | 9421 | 4595 | 6692 |
Total Debt | 2591 | 2235 | 5498 | 7865 | 1932 |
Accounts Payable | 6127 | 6442 | 7587 | 2347 | 5663 |
Equities | 6894 | 9835 | 2683 | 9864 | 9395 |
Cashflow Statement | |||||
Cash from Operating activities | 8541 | 6507 | 2025 | 2615 | 5188 |
Cash from Investing activities | 3515 | 7836 | 5311 | 1328 | 7296 |
Net cash from Financing activities | 1030 | 6141 | 2115 | 4647 | 8393 |
Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)
TaxBuddy's Investments and acquisitions
TaxBuddy has made no investments or acquisitions yet.
Reports related to TaxBuddy
Here is the latest report on TaxBuddy's sector:
News related to TaxBuddy
•
JioFinance App Launches Smart Tax Module with TaxBuddy to Simplify ITR Filing for IndiansIndianWeb2•Aug 11, 2025•Jio Finance, TaxBuddy, Jio Financial Services
•
Fintech firm Taxbuddy bags funding from existing UAE investorEnablers•May 27, 2022•TaxBuddy, Zenith Global, SSB Innovations
•
TaxBuddy.com raises funding from UAE investorVCCircle•Dec 23, 2020•TaxBuddy, Zenith Global, Finbingo, SSB Innovations and 1 other
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