Zenwork lands Rs 1,200 crore in funding from US-based Spectrum Equity

Hyderabad-based Zenwork, a software-as-a-service (SaaS) platform for digital tax compliance and regulatory reporting for businesses, has raised Rs 1,200 crore in funding from US-based growth equity firm Spectrum Equity, as it looks to expand its operations beyond the US and into Europe and Asia.

The over 10-year old company founded by husband and wife duo Sanjeev Singh and Rekha Singh, had remained bootstrapped until now, but said it required capital to take advantage of the massive growth in the automated tax compliance and regulatory reporting space due to the Covid-19 pandemic.