Tuesday, 4 June 2019

Leegality raises funding from Mumbai Angels Network

Mumbai, June 4, 2019: Leegality, an eSigning and digital document workflow platform, raises funding led by Mumbai Angels Network (MA Network), India’s premier platform for venture investing, alongside Chandigarh Angels and others.
The Gurgaon based firm founded in 2016 by Shivam SinglaPrakhar Agrawal, andSapan Parekh will use the funds to enhance their technology, scale operations, and accelerate growth.
Leegality is India’s leading platform enabling enterprises to digitize, optimize and automate document signing and workflow processes. Organizations which useLeegality are able to eliminate the use of heavy paperwork, streamline operations, and increase the accuracy and efficiency of their documentation efforts with customers, merchants and employees. The company is also able to assist a wide range of market sectors. The banking, financial services and insurance (BFSI) sectorhas already seen a rapid adoption of the company’s digital solutions.
Leegality has identified a valid pain point which will enable organizations and professionals to create a better customer experience, save money, and work faster by automating and streamlining their business document processes digitally,” said MA Investor Kishore Ganji.
MA Investor, Neil Mehta said, “Leegality has the potential to transform the exchange of official documents in the same way that email has transformed snail mail.”
“We believe Leegality has tremendous opportunity as a tech disruptor for customers and enterprises as electronic signatures provide convenience, security and ease of use.  Digital technology has enabled communication to go online and in order to stay relevant and competitive all industries must also go digital. We see, digitized transactions for any type of business completely online, from start to finish, in a secure environment for anyone, anywhere, a strong space to invest and are excited to welcome Leegality to the growing MA Network portfolio,” said said MA Network CEO & MD, Nandini Mansinghka.
About Mumbai Angels Network:
Started in 2006, Mumbai Angels Network (MA Network) is India’s premier platform focused on new venture investing.  The network is today 400+ members strong, across 7 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa and Pune). We have built a strong investment framework through which we showcase 60-70 highly curated investment opportunities to our member base, chosen from a funnel of 8000 companies we review every year. MA Network now has a 130+ strong portfolio with 30+ exits; several of whom were at multiples comparable with global benchmarks in new venture investing.
About Leegality:
Leegality is a platform for digital business documentation. We provide secure, legally acceptable,tamper proof, quick and convenient Aadhaar, eSign and eStamping facilities to all kinds of businesses.  We want to promote a digital outlook towards routine paperwork and encourage time & cost-efficient document execution through our standard and custom-made solutions.  

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