23 December 2016, India:
Delhi-based compliance management software startup LexComply has raised Rs. 50 lakh in pre-series funding from Ex Founder of CX Partners, Ajay Relan along with other Angel Investors.
LexComply enables comprehensive software solution that streamlines the governance, risk, and compliance process for organizations of all sizes and geographic diversity. It deals in tailored compliance management software for corporate targeting the business’s risk areas.
Gaurav Jain, Founder of LexComply said, “We wish to have capital ready as we are up for ramping up the operations, increasing the outreach, automating delivery and development of more GRC Solutions in next one year. Current LexComply has clients in UP, Delhi, Haryana, Punjab, Mumbai and Bangalore. 60 + corporate have already executed 11000+ compliances through LexComply GRC solution.”
“A compliant organization has an option to raise funds by way of equity or can grow by way of JV/Collaborations/mergers/acquisitions or by becoming an OEM of large corporate. Lexcomply solutions are tailored compliance program based on the industry type, location, HR constituents and Business process,” added Jain.
The fresh funds will be utilized to enhance technology and marketing solutions to enable business conversions. ANI / Image- Lexcomply