RuleZero, a software platform that automates and manages equity ownership in venture-backed startups, has raised $10 million from Zerodha's Rainmatter Capital, IndusLaw, Reddy Futures, and Kris Gopalakrishnan.

RuleZero's platform, which was established by Satish Mugulavalli and Srinivas Katta in 2019, manages ownership data, automates share issuance processes, and provides frameworks to monitor and certify startup cap tables.

RuleZero is a legal/fintech startup that is reimagining private markets by developing an intelligent framework that allows stakeholder engagement and capital flow to be open, effective, and compliant. The platform keeps track of the company's ownership details, automates share issuance, and provides frameworks for tracking and certifying cap tables and managing transactions. The site also functions as a marketplace, allowing users to communicate with other legal and fintech product and service providers.

RuleZero is looking to automate the processes for share question, share transfer, Esop plan generation, and Esop management in its first phase of development, which Katta said would last for the next 12 months. It will be able to certify the cap tables of startups that use its platform as well. In the second step, the company plans to develop products that will enable unlisted shares to be traded on secondary markets.