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In a pre-Series A financing led by IIFL Securities Capital Enhancer Fund, Leegality, a platform for document execution, received an undisclosed sum. The additional funds will be used to recruit more individuals in critical roles, speed up product development, and expand the company’s operations. Leegality’s e-sign, e-stamp, and document processing technology, launched in 2016, enables Indian businesses to sign and manage documents.
Leegality, a document execution platform, has raised an undisclosed amount in a pre-Series A funding round led by IIFL Securities Capital Enhancer Fund. Mumbai Angels also participated in the round.
According to the company, the new funds will be used to grow its staff in key areas, speeding up product development and deepening business acceptance of its solution.
Over the past few years, Leegality has become the go-to solution provider for any Indian enterprise looking to digitize their paperwork processes. We are now the market standard for electronic signatures and digital documentation in India. This funding round is a great vindication of the efforts of our wonderful team so far, and will provide us further fuel to grow exponentially in the war against paper.Shivam Singla, Founder of Leegality
Leegality’s e-sign, e-stamp, and document workflow platform, founded in 2016, allows Indian companies to sign and handle documents with customers, vendors, workers, investors, and other stakeholders faster, more accessible, and more legally compliant manner.
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.Nandini Mansinghka, co-founder and CEO of Mumbai Angels Network
Leegality claims to have grown its sales by tenfold in the previous two years and has been cash-flow positive since last year. Businesses of all sizes, industries, verticals, and use-cases utilize the startup’s horizontal offering tailored to the Indian market. It assists over 850 companies, including Federal Bank, HDFC Ltd, Bajaj Finance, HDB Financial, ICICI Lombard, Axis Finance, Razorpay, Udaan, WeWork, and Cars 24, in digitizing their paperwork procedures.