Startup Funding
IIFL Fintech Fund, backed by financial services conglomerate IIFL Group, has acquired secondary shares worth Rs 21 crore in document infrastructure startup Leegality. The transaction marks a follow-on move by IIFL Fintech Fund, which first invested in Leegality in 2022. “IIFL Fintech Fund has reinforced its conviction in Leegality by doubling down on its investment through its Series II fund, acquiring an additional stake via a secondary transaction,” a spokesperson for the fund said. Founded in 2016 by Prakhar Agrawal, Sapan Parekh and Shivam Singla, Leegality focuses on digitising paper-heavy enterprise workflows. The startup provides end-to-end digital document logistics and offers application programming interfaces that support e-signatures across multiple technology stacks, including BharatSign, National E-Governance Services Limited and BharatStamp. Its platform also includes signer verification, automated verification workflows, document tracking and security features, alongs...