Prosperr.io Raises $4 Million Seed Funding Led by Jungle Ventures to Build AI-Powered Tax Infrastructure

Estimated reading time: 2 minutes

• Prosperr.io has raised $4 million in a seed funding round led by Jungle Ventures, taking its total funding to $5.55 million since its founding in 2022.
• The company builds AI-powered tax management infrastructure aimed at simplifying compliance, deductions, and reimbursements for both individuals and enterprises.
• The company will use the newly raised capital to accelerate product development, strengthen B2B sales, and expand into adjacent financial services such as wealth management.

Bengaluru-based fintech startup Prosperr.io has raised $4 million in a seed funding round led by Jungle Ventures. Yatra Angel Network, Sadev Ventures, and other strategic investors also participated in the round. The funding brings Prosperr.io’s total capital raised to $5.55 million since its founding in 2022.

Prosperr.io builds AI-powered tax management infrastructure aimed at simplifying compliance for individuals and enterprises operating across increasingly complex financial and regulatory environments. The company was founded by engineers Manas Gond and Dev Kumar, and is headquartered in Bengaluru.

The platform focuses on automating tax planning and compliance for salaried individuals earning from multiple income sources. It also offers enterprise solutions such as tax-saving employee allowances and AI-driven reimbursement systems. According to the company, it designed its tools to identify eligible deductions and ensure compliance using automation and AI.

“We’re building Prosperr.io as the AI-powered financial operating system for working India,” said Manas Gond, CEO and co founder of Prosperr.io. “Our integrated Flexi Benefit Plan and Super Saver Plan are transforming how businesses and individuals handle tax, savings, and compliance. With 3x YoY revenue growth, this round accelerates our AI and product roadmap to serve millions with smarter, more compliant financial solutions.”

The startup recently expanded its enterprise offering with an AI-powered reimbursement product. It targets the operational challenges companies face in managing employee expenses and tax reporting at scale.

Rishab Malik, Partner for Seed Investments at Jungle Ventures, said the firm viewed tax as a structurally underserved layer of financial infrastructure.

“Tax is one of the most under-innovated layers of financial infrastructure, and the complexity only compounds as individuals earn across multiple streams and businesses operate global workflows,” he said. “Prosperr.io fits squarely into Jungle’s thesis of backing founders who are solving deep, structural problems with strong technical insight. Their ability to embed AI directly into compliance, deduction, and reimbursement workflows is creating a new category of tax infrastructure for both individuals and enterprises.”

Prosperr.io reported fivefold revenue growth and expansion in consumer and enterprise segments since its last funding round. The company reported 80% retention among consumer users and full retention across its enterprise customer base.

Prosperr.io plans to use the new capital for product development, enhancing B2B sales, and expanding into wealth management.

Editorial Note: This news article has been written with assistance from AI. Edited & fact-checked by the Editorial Team.

Interested in advertising with CIM? Talk to us!