Vakilsearch raises $10 mn from Incorp India

Chennai: Compliance tech platform Vakilsearch, a startup that supports small businesses and individuals with legal, tax and compliance needs, has raised $10 million investment from Incorp India.

The deal is in the form of a primary infusion of funds to accelerate tech and product development and will help spruce up the marketing, sales and talent acquisition at Vakilsearch, the startup said. It will also help transition from a transaction-based service provider to a client-based advisory platform, the company said.

Kalaari Capital, an early investor in Vakilsearch that invested around $2 million in 2015, is also exiting its investment through the transaction.

Hrishikesh Datar, founder, Vakilsearch, said that Incorp has a presence in several geographies where Vakilsearch is currently not present and hence this partnership will help in evaluating and scaling beyond India. Incorp also has one of the largest pools of legal, taxation and compliance professionals on their roster, and this base will provide tremendous value to our customers, he added.


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