Prosperr.io, an AI-powered tax management startup, has successfully raised $4 million in a seed funding round led by Jungle Ventures. The investment round also saw participation from Yatra Angel Network, Sadev Ventures, and several prominent angel investors.
This latest injection of capital brings Prosperr.io’s total funding to $5.55 million since its inception in 2022. The company previously secured $1.55 million in a pre-seed round led by Gokul Rajaram, a notable board member at Pinterest and Coinbase.
Revolutionizing Tax Compliance with AI
Founded by Manas Gond and Dev Kumar, Prosperr.io is tackling the high-friction world of tax planning and compliance through automated software infrastructure. The company’s mission is to move beyond the traditional “once-a-year” filing cycle, offering a continuous, AI-driven approach for both individual taxpayers and large corporations.
Dual-Pronged Market Strategy
Prosperr.io operates a versatile platform that caters to two distinct segments:
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Enterprise Solutions: For businesses, the platform automates the complex web of employee tax benefits and reimbursements. By integrating AI into the workflow, the startup reduces manual processing time and significantly lowers the risk of regulatory non-compliance.
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Consumer Advisory: For individuals, the company utilizes a subscription-led model. This provides year-round tax planning that adjusts dynamically to changes in a user’s income or long-term financial goals.
Roadmap for Growth
The company intends to use the new funds to accelerate product development and strengthen its core AI capabilities. Furthermore, Prosperr.io is looking to scale its B2B sales operations and is currently exploring a strategic expansion into the wealth management sector.
With a high retention rate among enterprise clients and a newly launched AI-powered reimbursement product, Prosperr.io is positioning itself as a foundational layer for modern financial operations.
By: Sandhya Bharti
