Headquartered in Gurugram, a legal tech startup Leegality, has raised a confidential amount in funding from Mumbai Angels Network, Chandigarh angels, and HNIs. The startup plans to use the funds to enhance their technology, scale operations, and accelerate growth.
An e-signing and digital document workflow platform was founded in 2016 by Shivam Singla, Prakhar Agrawal, and Sapan Parekh. The online platform Leegality, claims to digitise and automate document signing, thereby, eliminating heavy paperwork and streamlining operations.
It aims to provide secure, legally acceptable, quick Aadhaar card, as well as e-sign and e-stamping facilities to all kinds of businesses.
“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,” Nandini Mansinghka, CEO of Mumbai Angels Network said.
“We see, digitised 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,” she added.
The legal documentation market in India is estimated at a $4 billion.
Other legal tech competitors which are gaining prominent in India are LawRato, VakilSearch, NearLaw, LegalDesk, Lawyered, E-Weblog, iProbono, and Nyaaya.