India, July 1 -- Regulatory compliance startup Zango AI has raised $4.8 Mn (about INR 41 Cr) in a seed funding round led by Nexus Venture Partners, with participation from existing backers, including South Park Commons, Notion Capital, No Label Ventures and Start Ventures.

Zango AI plans to deploy the fresh proceeds to expand its teams in Bengaluru and London and building product modules for an AI-native governance risk and compliance.

The AI-based SaaS startup also aims to expand its offerings to insurance and asset management.

Founded in 2024 by Ritesh Singhania and Shashank Agarwal, Zango leverages AI to provide regulatory compliance solutions to banks and financial institutions. It has developed AI agents trained on regulatory focu...