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Prosperr.io Secures $1.55 Million in Pre-Seed Funding

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Preeti Bali / 7:11 am / June 18, 2024

Prosperr.io, a financial technology (fintech) company providing a software-as-a-service (SaaS) platform for automated income tax management, has successfully closed its pre-seed funding round, securing $1.55 million in capital. The round was spearheaded by Gokul Rajaram, a board member at both Pinterest and Coinbase, demonstrating the potential of Prosperr.io’s innovative solution.

Participation from Angel Investor Network

Beyond Rajaram’s lead investment, the funding round attracted participation from a distinguished group of angel investors. This group included Vinodh Bhat (President and Co-founder of JioSaavn), Ramakant Sharma (founder of Livspace), Kunal Shah (QED Ventures), and Saurabh Jain (CEO of Livspace). This collective backing signifies the investor community’s confidence in Prosperr.io’s ability to disrupt the tax management landscape.

Focus on AI-Driven Tax Solutions

The funds raised will be directed primarily towards the development of Prosperr.io’s core technology – an AI-powered tax advisor. This intelligent system aims to streamline the tax filing process for salaried individuals, ensuring they maximize their eligible tax benefits while adhering to all compliance regulations.

Comprehensive Tax Management for Individuals and Businesses

Founded in March 2022 by Manas Gond, Prosperr.io caters to both individual and corporate clients through its two primary product offerings. The Super Saver Product, designed for consumers (B2C), empowers individuals to effectively plan and save on their taxes. Prosperr-FBP (Flexi Benefits Plans) addresses the needs of businesses (B2B) by enabling them to offer tax-exempt allowances to their employees.

Investor with a Track Record of Backing Innovation

Gokul Rajaram’s involvement in the funding round adds further weight to Prosperr.io’s potential. Rajaram has a history of investing in promising startups across various sectors, including his recent investment in customer loyalty and marketing platform Reelo. His portfolio also boasts successful ventures in health-tech (Dozee), logistics (Vance), and financial services (CashFlo and Rocketlane).

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