Doqfy Raises INR 7.5 Crore In Pre-Series A Funding The fund raised will be used for tech enhancements of the platform and business growth through building partnerships

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.


Contract execution SaaS platform Doqfy has raised INR 7.5 crore in a pre-Series A funding round led by Turbostart and Pentathlon VC. Other investors who participated in the round are Lead Angels, SilverNeedle VC, LetsVenture, led by Archana Priyadarshini. The fund raised will be used for tech enhancements of the platform and business growth through building partnerships.

"Compliances are one of major cost heads for companies and the costs go up as the companies grow in size. Another aspect is the complex nature of the compliances. There have been instances where companies are not even aware if they are in breach because for far too long compliances have been managed in a manual way with very little tech intervention. We see this as a large untapped opportunity. Our platform, which has undergone changes as we incorporated feedback from our customers and mentors, is now a full stack offering helping companies stay compliant and easing the burden of it to facilitate smooth business operations," said Aditya Padranki, founder, Doqfy.

Doqfy has been profitable since the last 12 months clocking an ARR of INR 6 crore. The company works with marquee customers like HDFC Bank, Bajaj Finserv, Ujjivan Small Finance Bank, Axis Bank, DBS Bank, Xiaomi, Swiggy, Meesho, Unacademy and JLL, Colliers, and it has team strength of nearly 40 people, claimed by the company in a statement.

"We believe DOQFY is uniquely positioned to offer trusted, secure, affordable contract execution. DOQFY aligns with our fund's core philosophy of backing passionate entrepreneurs who build disruptive digital solutions for India and global markets. We are excited to partner with the DOQFY team in rapidly scaling their business to its next orbit," said Hemant Joshi, managing partner, Pentathlon Ventures.

Founded in 2019 Doqfy was started as a way to solve very routine, mandatory compliance requirements for businesses in India and later make it approachable to customers with essential platform offerings like contract execution with e-stamping and e-signatures.

Wavy Line
Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.

Related Topics


Surprise Attack: Ashneer Grover Returns To Television With Roadies

Ashneer Grover, the former managing director and co-founder of BharatPe, caused quite the stir among his fans over the weekend when the promo video of Roadies 19 was released.


6 Ways Successful Entrepreneurs Manage Their Time and Achieve a Work-Life Balance

Maintaining a healthy work-life balance as an entrepreneur is not a luxury; it's a necessity.

Business News

More Americans Are Retiring Abroad, Without a Massive Nest Egg — Here's How They Made the Leap

About 450,000 people received their social security benefits outside the U.S. at the end of 2021, up from 307,000 in 2008, according to the Social Security Administration.

Starting a Business

Is AI Opening the Door for the 100x Founder'?

We often hear the term the 10x developer — but AI is creating a startup environment that dramatically speeds up the time and reduces the resources needed to launch.

Social Media

Free Webinar | June 20: How to Build an Instagram Following That Makes You Money

Join our free webinar as Kim Walsh Phillips shares her lessons on how your business can make more money by leveraging the power of Instagram. Register now →

Business News

'The Mattresses Are As Thick as The Width of a Hand.' And 5 Other Things to Know About Elizabeth Holmes' Prison.

Inside the walls of Federal Prison Camp Bryan, Texas, where the fallen Silicon Valley star is serving an 11-year sentence.