InCorp India invests in compliance tech platform Vakilsearch

InCorp India has invested $10 million in Vakilsearch, a technology platform offering support for small businesses and individuals with their legal, tax and compliance needs today.

The investment comes after InCorp looks at the tech and product development, sales, and talent acquisition at Vakilsearch. Further, Kalaari Capital is also exiting its investment through the transaction.

InCorp India is the Indian arm of TA associates backed and Singapore-based InCorp Global. It is an integrated corporate solutions provider that has its presence across South-East Asia.

Vakilsearch is an Indian compliance tech solutions’ provider for incorporation, government registrations, corporate, tax filings, trademark filings, accounting, and payroll support.

Earlier in 2015, private equity firm Kalaari Capital had invested $2 million in Vakilsearch. It had also raised an undisclosed sum from Udaan Co-founder Sujeet Kumar in 2020.

“While InCorp continues to extend its capabilities to service more businesses digitally, the Vakilsearch partnership will become the fulcrum of how we see this space,” Inderpreet Chadha, head, M&A InCorp India said.

The compliance tech company looks to relaunch its platform by December 2021. It is also moving away from a transaction-based service provider to a client based advisory platform.