IIFL Fintech Fund acquires Rs 21 crore worth secondary shares in regtech startup Leegality

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.