Zango AI raises $4.8 Mn in seed round led by Nexus Venture Partners

Zango AI, a regulatory compliance platform, has raised $4.8 million (approx Rs 41 crore) in a seed round led by Nexus Venture Partners, with follow-on investments from South Park Commons, Notion Capital, No Label Ventures, and Start Ventures. 

The Bengaluru- and San Francisco-based company will use the capital to grow its teams in Bengaluru and London, and to develop advanced modules within its AI-driven governance, risk, and compliance suite. 

Co-founded by Ritesh Singhania and Shashank Agarwal, Zango’s cloud-native solution uses regulatory-domain large language models to build intelligent agents that streamline repetitive compliance processes. 

Singhania previously launched ClearGlass, a pension regulation platform, while Agarwal built Third Watch, an AI fraud detection company later acquired by Razorpay in 2019. 

The startup moves into new verticals by planning to extend its offering to insurance and asset management firms. It is used by financial institutions like Novobanco, Monzo, and Juni, helping them streamline regulatory workflows that typically take days into a few hours.

In India, Zango competes with Yellow.ai, Haptik, and RevRag.ai, which also offer automation tools for banks and financial services. On the global front, it faces competition from companies like Sprinto, Vanta, and Drata that focus on compliance automation.