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Zenwork raises over Rs 1,200 cr from Spectrum Equity

Tuesday, 23 Nov 2021
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Zenwork has successfully raised over Rs 1,200 crore from Spectrum Equity. The investment will enable Zenwork, operating the brands Tax1099 and Compliancely, to accelerate product innovation and meet growing business demand for modern, automated technology solutions that address regulatory compliance and power electronic filing and information management. 
 
The company offers its customers modern, cost-effective solutions that transform resource-intensive, manual processes into highly automated, digital experiences.  
 
Zenwork currently serves over 100,000 small businesses nationwide, including 30,000 CPA firms, as well as large enterprises. 
 
The company has been growing rapidly, adding 40,000 new clients in each of the last two years and processing millions of electronic filings and over 12 million business identity and compliance checks annually on behalf of its client base. 
 
The company is looking at expanding its operations in Hyderabad to support its global entities.
 
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