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Fin-e-ssential gets funded by Mumbai Angels, Erasmic Venture

Mumbai-based Fin-e-ssential Infotech, which owns an online tax filing site FileMyReturns.com, has received early stage investment, estimated to be under $1 million, from Mumbai Angels and Erasmic Venture Funds, reports VC Circle.

Mumbai-based Fin-e-ssential Infotech, which owns an online tax filing site FileMyReturns.com, has received early stage investment, estimated to be under $1 million, from Mumbai Angels and Erasmic Venture Funds, reports VC Circle.

Besides online tax filing service, Fin-e-ssential also provides a range of payroll, HR, retiral benefits and tax solutions and services to consumers and corporate clients. Fin-e-ssential has about 32 clients including Reliance ADAG Group, Johnson & Johnson, UTI and HDFC.

“We plan to expand our India operations in next six months and then we will plan to venture into new markets such as Asia-Pacific and US,” Prasad Rajappan, founder, Fin-e-ssential, has said. The company plans to have five million employee records in the next three to four years. It also plans to raise another round of fund in the next five to eight months.

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