Zerodha-backed Rainmatter Capital, Kris Gopalakrishnan and others invest in legal startup RuleZero
- The startup, founded in 2019 by Satish Mugulavalli and Srinivas Katta, is incubated at IndusLaw.
- RuleZero is also a marketplace, which connects with other legal or fintech product and service providers.
- The round also saw participation from law firm IndusLaw and Reddy Futures LLP amongst others.
Rainmatter Capital is an incubator backed by stock trading platform Zerodha. The startup, founded in 2019 by Satish Mugulavalli and Srinivas Katta, is incubated at IndusLaw.
The startup manages ownership data of a company, automates share issuance processes and provides tools to track cap tables and manage transactions. RuleZero is also a marketplace, which connects with other legal or fintech product and service providers.
Mugulavalli has been an entrepreneur with many startups in Silicon Valley and India and was most recently a partner at YourNest Venture Capital, an investment firm. Katta, a corporate lawyer, is one of the founding partners of IndusLaw.
Nithin Kamath, founder and chief executive of Zerodha said that Rainmatter Capital is “constantly looking out for innovative tech companies that are working on enabling and encouraging financial transactions.”
It took one pivot and five years for this EV startup founder to hit the sweet spot for business in India
Clubhouse for Android finally launched as downloads and hype take a plunge
Bandhan Bank falls 4% after reporting an 80% fall in its net profit – positive market trends help it bounce back into the green