Liquidity Events
Legaltech startup Vakil Search attracts $10-M; Kalaari Capital exits
Chennai-based legaltech startup Vakil Search has raised USD 10 million in a new round led by InCorp India. Through this transaction, Kalaari Capital is exiting its investment. Veda Corporate Advisors were the advisors to Vakil Search for the transaction. Founded by Hrishikesh Datar, Vakil Search offers services including incorporation, government registrations, corporate and tax filings, trademark filings, accounting, payroll, and other support services to businesses. It has catered to over 80,000 small businesses among other clients, including over 30,000 businesses since the start of the pandemic alone, enabling over 10,000 new incorporations and over 8,000 trademark filings. With its revamped tech platform to be launched by December 2021, the company is now pivoting from a transaction-based service provider to a client-based advisory platform. The company will offer multiple compliances and advisory solutions to its clients using AI, improving operations efficiency and enhancing customer experience. InCorp India is the Indian arm of Singapore headquartered, TA Associates-backed InCorp Global. It is focused on integrated corporate solutions including providing tech-based incorporation, corporate secretarial & compliance, accounting, taxation, FEMA, and investment banking services.
From the Venture Intelligence PE-VC Deal Database: Between Jan-15 and Mar-16, Vakil Search raised funding about $2 million Kalaari Capital. The company had also attracted funding from Udaan Co-founder Sujeet Kumar in 2020.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
