Description
DOQFY is a global SaaS platform for Contract Execution and Contract Management with legal ancillary support like eStamping with multiple forms of eSignatures for India and other countries. DOQFY also offers a CLM SaaS platform integrated with compliances, workflow management, and document builder for SMBs and Enterprise Businesses.
The global contract management market is estimated to be USD 73 Bn, and the Indian Enterprise market is estimated to be about USD 11 Bn and USD 1 Bn in the Indian BSFI sector alone. Various Enterprises and SMBs face several legal & compliance-related challenges which lead to increased costs and delays in their respective process. With the current market scenario, there is no platform out there that solves end tot end Documentation, Compliance, and Contract Execution while offering it as a one-stop solution.
The company is Cash Positive with over 700% growth in revenues in the current year and expecting a 400% growth in revenues next year and Series A in 14 months. Gross Margin ~84%.
Details of the round :
DOQFY is raising 10 Cr out of which 7 Cr is already committed by a TurboStart, Pentathalon Ventures, Riso Capital, Maxar, and other Angels at a pre-money valuation of 40 Cr.
DOQFY will be open for commitment via the Network and the Lead Angels Fund (a SEBI registered AIF Category 1 – VCF – Angel Fund).
The company is looking to raise 1 Cr from Lead Angels Network and Fund. The minimum commitment to the company is INR 5 Lakhs through the Network & INR 2.5 Lakhs through the Lead Angels Fund, in case commitments exceed the asked amount, allotment will be on the “First Come, First Serve” basis.
