A legal tech startup assisting legal professionals to build, manage and grow their legal practice gets backed by prolific angel investors and successful entrepreneurs.
Gurgaon, India, October 17th, 2019: Gurgaon based legal tech start-up- Legalkart raised seed funding of around 3.5 Cr from a group of angel investors belonging to Technology, Retail, Entertainment, Logistics, and Financial services community within 8 months of starting its operations. Founded in 2018 by Dr. Arvind Singhatiya, Founder & CEO, Partha Sen Chief Technology Officer (CTO) and Deepak Prajapati, Strategy Advisor, aimed at making legal practice more systematic, enabling on-the-go information & increasing efficiency for legal professionals.
Ensuring the success and successful model of LegalKart, the company has already on-boarded 2,500 lawyers within a short duration of 8 months. Attesting the ascendency of the startup, the company will touch $450,000 in revenue this year and are witnessing a 20% growth rate on a MoM basis.
The angels who have invested in their personal capacity include Pranay Jivrajaka (CEO-FoodPanda), Mitesh Shah (CFO-BookMyShow), Sundeep Sahni (CCO-Rocket Internet), Pallav Singh (Ex-COO, OlaCabs), Sudarshan Gangrade (CEO-Lo! Foods) and other individual HNIs from Microsoft, Cognizant, Tata Motors, METRO Cash & Carry India & Oracle who are based in USA, UK, Japan & UAE.
With the objective of aggressively ramping up its platform, the company aims to expand its presence across 1000 cities with 25,000 lawyers by the end of 2020 from the current 100 cities and 2,500 lawyers.
Commenting on the development Dr. Arvind Singhatiya, Founder and CEO, Legalkart said, “In the next five years, we intend to completely redefine the way legal services are delivered in India by creating the first practice management system designed for the legal profession – keeping their clients in mind. Making every step of a legal interaction more seamless, efficient, and effective for all, we are reimagining the legal service delivery for billion Indians. With our focus on delivering best-in-class practice management experience with a client focus, we aspire to ultimately morph into an end-to-end Legal support and service ecosystem.”
“Legalkart technology is democratizing the legal help and improvises the legal service experience for both legal professionals and those seeking legal support. This investment will accelerate Legalkart’s ability to make legal services accessible while also ensuring lawyers & legal professionals grow in the process,” said Mitesh Shah CFO, BookMyShow.com, also an angel investor in his personal capacity.
Organized legal service delivery market is only 2% of the total market which is in the range of 1.5 billion USD in India and out of 15 Lakh registered legal professionals less than 3% are using any kind of technology to manage their legal practice.
“Top delivery-tech, retail, transport-logistics, software, and financial executives coming on board to invest and mentor the company is another strong validation of the prospects we have as an organization. We believe we are now ready to further ramp up our technical operations to the next level” said Dr. Arvind Singhatiya.
Legalkart app is developed in Hindi & English to ensure higher adoption among the practicing professionals in all the forums and it can be downloaded on both android and iOS mobile platforms. Once a legal professional registers on Legalkart, the app becomes his/her law office in the pocket, (s)he can add his/her live cases from any forum in the country, manage his/her team, clients, tasks, billable time, expenses, etc. (S)He can securely communicate with clients on Legalkart & share every update, documents, and notes.