The legal-tech startup platform will use the fresh capital to develop technology products with AI, ML capabilities and more.
Angels have invested in LegalKart, a Gurgaon-based legal-tech startup, as a part of the Pre Series A round along with IIM Udaipur Incubation Center. The company plans to utilise the funds to develop new tech products for customers with AI, ML capabilities, to create instant access to legal support while also creating awareness about the platform.
Nandini Mansinghka, Co-Founder & CEO – Mumbai Angels
said, “Legal-tech in India is a late bloomer, but a rapidly growing sector, optimizing legal processes and operations for businesses; with unique solutions that have plagued the industry for decades. LegalKart has been instrumental in bringing about an efficient legal-tech system. We are confident that the freshly infused capital will allow them to scale and reach greater heights.”
Dr Arvind Singhatiya, Founder and CEO of LegalKart,
said, “This decade is dedicated to legal technology globally, and we intend to redefine the way legal services are accessed and delivered in India by creating an engaging customer journey for any law-related matter. We aspire to ultimately morph into an end-to-end Legal support and service ecosystem and we are thrilled to have an eminent investor like Mumbai Angels coming on board to invest and mentor the company. We believe we are now ready to further ramp up our technical operations to the next level.”
Kannan Soundararajan, CEO, IIMUIC, said, “As our country grows by leaps and bounds, easy and quality access to legal advice and support is very essential to everyone and LegalKart is working on enabling this.”
Founded in 2018, LegalKart in 2019 had raised seed funding of around ₹3.5 crore from a group of angel investors. The company has already served more than 1 lakh consumers and has over 10,000 lawyers on its platform in more than 900 locations including multiple cities, districts and remote locations in India. There exists a gap of 19 billion consultation minutes each year in India; LegalKart is presently clocking 4 lakh consultation minutes annually and plans to ramp it up to 20 lakh minutes per year soon.
Source: Business World
