Clear (ClearTax)
👤 Archit Gupta (Ex-Silicon Valley engineer (Data Domain) who built ClearTax on his chartered-accountant father's tax practice. YC-backed.)🌐 site
India's 2017 GST overhaul made digital filing the law. Clear turned that legal duty into recurring compliance rails.
Will it work? · our read
Mandate-made rails. A legal mandate guarantees demand, not margin: the govt's own free portal and Tally sit right beside you. Clear wins on ease and IRP status, yet still burns cash.
01How the money moves
Govt mandates GST returns + e-invoicing
→
Firms plug Clear into their ERP to file
→
Recurring SaaS subs + per-invoice fees
02The numbers
about $25MStatedFY24 rev, +93% YoY
2024-12
the sentence on the page
by 59%, bringing them below Rs 100 crore for the said period. Clear's revenue from operations soared to Rs 209.84 crore in the last fiscal year (FY24) from Rs 108.77 crore in FY23, according to its…
Filings prove the mandate creates demand; the yearly loss proves a forced market still gets price-squeezed. Entrackr FY24
FY25 (latest): Rs 272 cr, about $32M, up 30%; net loss still Rs 96 cr.
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You have the verdict. Members get the work behind it.
- The CENTS scorecard — where it's strong, where it's soft
- The founder's key move, and the counter-move
- How it could die — the evidence, and how sure we are
- The case against our own call
- A 🚀 launchpad prompt — the case, as a plan for your business
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See a full teardown, free → ImportYetiSourcesSources last checked 25 August 2026
Entrackr — Clear FY24 revenue Rs 209.84 cr (+93%), loss cutEntrackr — Clear FY25 revenue Rs 272 cr, Rs 96 cr lossForbes India — Archit Gupta, ClearTax founder profileClearTax — e-invoicing mandatory above Rs 5 cr turnoverClear — official site
Revenue is from Clear/Defmacro Software's statutory MCA filings reported by Entrackr (FY24 Rs 209.84 cr, about $25M, +93%; FY25 Rs 272 cr, about $32M), not a company press release, so it is FILED and audited-filing lagged. Clear is VC-funded (about $140M raised from Sequoia/Peak XV, Founders Fund, Y Combinator) and still loss-making (Rs 96 cr net loss), so this is not a bootstrapped case. The figure is revenue from operations (91.5% software subscription and support), not GMV or filing volume. The 2017 GST pivot, 30-to-300 team scaling, and GSTN-IRP status are documented; the counter-move read is tagged as our inference. We never score you.