Funding Startups

LegalRaasta scores Rs 32 crore from Impanix Capital

Online legal and business consultancy firm LegalRaasta has raised Rs 32 crore from early-stage investment firm Impanix Capital to expand its business of providing GST-compliance software for small and medium enterprises and chartered accountants.

The company is registered as an application service provider (ASP) as part of the government’s GST Network, which will be utilised by businesses to file their returns as per goods and services tax (GST) laws.

The capital raised will be used for business development, strengthening the technology team with addition of 300 members over the next six months and marketing. Founded in 2015, the company has served close to 80,000 SMEs with ITR and TDS softwares.

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