IIFL Fintech Fund acquires Rs 21 crore worth secondary shares in regtech startup Leegality

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IIFL Fintech Fund, backed by financial services conglomerate IIFL Group, has purchased secondary shares worth Rs 21 crore in document infrastructure startup Leegality.

The purchase comes at a time when the regulatory technology space is seeing rising interest from venture capital (VC) firms. Earlier this year, for instance, compliance tech startup Zango AI raised $4.8 million in a funding round led by Nexus Venture Partners, as reported by ET in July.

IIFL Fintech Fund had first invested in Leegality in 2022.

“IIFL Fintech Fund has reinforced its…



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IIFL Fintech Fund acquires Rs 21 crore worth secondary shares in regtech startup Leegality



IIFL Fintech Fund, backed by financial services conglomerate IIFL Group, has purchased secondary shares worth Rs 21 crore in document infrastructure startup Leegality.

The purchase comes at a time when the regulatory technology space is seeing rising interest from venture capital (VC) firms. Earlier this year, for instance, compliance tech startup Zango AI raised $4.8 million in a funding round led by Nexus Venture Partners, as reported by ET in July.

IIFL Fintech Fund had first invested in Leegality in 2022.

“IIFL Fintech Fund has reinforced its…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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