IIFL Fintech Fund led $5 million series A funding round for Leegality. Mumbai Angels also participated in the round. The funds will be used to increase customer acquisition, develop new products, and improve the customer experience.
“The pandemic has accelerated digital transformation across businesses. Leegality is at the forefront in digital legal documentation processes. We expect rapid growth in this segment and an entity like Leegality would benefit from this. We are excited to partner with Leegality in their growth journey,” added R Venkataraman, co-promoter, IIFL Group.
Leegality’s eSign, eStamp, and document workflow platform enables Indian businesses to sign and manage paperwork with customers, vendors, employees, investors, and other stakeholders more quickly, easily, and legally.
“The world is going digital in all aspects and paperwork is no exception. Companies often find streamlining the paperwork processes challenging and Leegality is committed to helping businesses go paperless since its inception. We believe that this investment is a testimony to the work Leegality has been doing and will help them expand their team and scale up their offerings to better serve the needs of Indian enterprise,” shared Nandini Mansinghka, co-founder and chief executive officer, Mumbai Angels Network
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