ClearTax acquires Dose FM

Y Combinator-backed fintech startup ClearTax has announced the acquisition of Mumbai based audio streaming platform Dose FM for an undisclosed amount.

The purpose of this acquisition is to utilize the team’s potential to build mobile focussed products for simplifying the financial lives of businesses and individuals. Post-acquisition, the four-member team of Dose FM will work with the ClearTax team.

ClearTax provides a range of services to clients including tax preparation, e-filing, accounting, and investment planning solutions for individuals and businesses. The Bengaluru-based start-up has raised $68 Mn in funding since its inception in 2011 and counts Composite Capital, SAIF Partners, and Sequoia Capital among its investors.

Dose FM lets users create and share audio clips and shows across a range of interests. At present, Dose FM offers a live audio creation tool for creators which helps them interact with listeners and co-host shows with their friends. It claims to have more than 30K active listeners and 10K creators.