Tax management startup Prosperr.io↗  has raised $4 million (Rs 35.8 crore) in a seed funding round led by Jungle Ventures at a post-money valuation of about $15.6 million (Rs 140 crore), cofounder and chief executive Manas Gond told ET.

The round also saw participation from Yatra Angel Network and Sadev Ventures, bringing the Bengaluru-based company’s total funding to $5.55 million since its incorporation in 2022.

Founded by Gond and Dev Kumar, Prosperr.io operates in the tax management and compliance space and offers technology-led solutions for both salaried individuals and enterprises. For consumers, the company provides subscription-based tax planning and compliance services aimed at optimising deductions and managing multiple income streams.

On the enterprise side, Prosperr.io works with companies to offer tax-saving employee allowances and automated reimbursement solutions. Recently, it expanded its enterprise product suite with an AI-driven reimbursement offering to address the growing complexity of corporate tax operations.

The fresh capital will be used to accelerate product development and strengthen business-to-business sales capabilities as the company looks to scale its enterprise platform and expand into adjacent areas such as wealth management, Gond said.

“We are trying to ensure that whatever financial requirements a salaried individual has, whether taxation or wealth planning, Prosperr is the subscription-based platform to address their day-to-day needs,” Gond said.