Funding
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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