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Rulezero closes seed round at $2.5M

rulezero funding

RuleZero, a private equity management platform, announced that it has closed its seed round of $2.5 million. 

The extended funding round saw participation from US fintech fund The Treasury, employees of Valiant Capital, domestic early-stage funds – YourNest Venture Capital, Blume Founders Fund, and a few angel investors.

RuleZero plans to use the freshly raised funds to grow the team, improve the product offering, and ram up customer deployments.

Established in 2019 by Satish Mugulavalli and Srinivas Katta, the Bengaluru-based startup has built the ‘hissa’ platform that controls ownership data of the business, automates share issuance processes and ESOPs, offers mechanisms to track and certify cap tables and manage transactions.

Speaking about the funding, Srinivas Katta, one of the Founders of RuleZero said, “We are onboarding early-stage startups and unicorns at a rapid pace and are pleased to welcome the new investors to the company. Indian companies have raised over $20B in the first eight months of 2021 with 24 startups reaching unicorns status. This is a historical high for startup investments in India. We are well-positioned to ride this growth wave with the help of our investors.”

The prevailing pace of fundraising needs a digital platform to handle ownership and ownership data, develop and review deal documents and manage transactions. RuleZero is also collaborating with other players in the ecosystem to ensure that financing is efficient, compliant, swift, and cost-effective. 

Commenting on the investment, Eli Broverman, Co-founder of Betterment and The Treasury, said, “Srinivas and Satish are building RuleZero to accelerate the growth of India’s startups. They are reconceptualizing the private investment industry using technology. It is a mission of enormous importance, and we are excited to back them on their journey.”

Sunil Goyal, Managing Director of YourNest Venture Capital added, “The Indian private market for startups and SMEs is continuously growing, offering RuleZero a large market to serve. RuleZero, with its Hissa platform, will help organize and facilitate the growth of this ecosystem: a sign of a maturing ecosystem is greater transparency, which Hissa will certainly help provide. This will pave the path to create an ‘Exchange’ for private companies in India, thereby bringing in liquidity.”

RuleZero seems to have built an innovative platform to simplify several processes for businesses. I’m sure the company will soon emerge as a leading player in the market. My best wishes to the team of RuleZero.

Shishir Gupta, Founder and CEO, StartupLanes

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