Leegality Raises $5Mn In Series A Round From IIFL Fintech Fund.

 Leegality is a Gurugram-based document infrastructure platform which has recently raised $5Mn in its series A round funding with participation from Mumbai Angels. According to the reports, this startup would utilize the funding to increase customer acquisition speed, invest in its product development and improve customer experience as well. 


Founded in 2016 by Prakhar Agrawal, Shivam Singla and Sapan Parekh, Leegality is a digital document workflow startup which allows companies to digitize document logistics.
Looking at its previous statistics, since 2020 it has grown its quarterly revenue by over 13x and 7x its employee strength, also being cash flow positive. Mehekka Oberoi, Fund Manager, IIFL Fintech Fund has stated that digitization is a major priority of all major BFSI companies today and Leegality is the first major early-stage investment into a legal-fintech company in India. 



funding news



The company raised an undisclosed amount in 2019 from Mumbai Angels Network, Chandigarh Angels and other high-net-worth individuals. The scope for the space has increased significantly in the last year, especially with the Reserve Bank Of India’s digital lending guidelines, has been stated by Leegality.


This startup also provides document monitoring, security, and signatory verification and automates the verification process along with client-specific charging. Its individual plans are easy as they just have Aadhar and a digital eSign, while the later plans include additional digital verification processes. Suppose the commercial plan additionally includes DocSigner, HSM Signer and a Pan eSign while the business plan also includes DSC and Automated eSign. 


Not very surprising, but this comprehensive suite of eSign, eStamp, Document Automation products, Compliance Logistics and document security etc is used by 1000+ Indian organizations to digitise their paperwork operations and produce outstanding business results. Its offerings also include three kinds of plans- for individuals, for businesses and last for enterprises.

Whereas the new guidelines impose new digital paperwork requirements for banks and non-banking finance companies while the It act amendment allows the digitization of immovable property contracts and power of attorneys. 



The recent investments of IIFL Fintech Fund are FinBos, Datasutram, Multipl, Finarkein, TrustChekr, EasyRewardz and Trendlyne.

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