Delhi-based legal-tech platform Lawyered has raised $100,000 from angel investors.
Pramendra Tomar, general counsel at Apollo International, Ratish Pandey, former general manager at Bose Corporation, Munish Bhatia, general manager at mentorship-driven incubator India Accelerator and Sumit Aggarwal, owner at Rainbows participated in the funding round.
Lawyered will use the capital to support product development. This funding is also expected to drive the expansion of the market base of the company and fuel further partnerships and collaborations, it said in a statement.
Founded in 2018 by Himanshu Gupta, Lawyered’s services include assisting companies, startups, business owners and individuals in connecting to legal professionals via its platform.
It also aids legal professionals in their online and offline outreach enabling them to attain more clients. The company says it doesn’t take service charges or commission.
“With ever-increasing population of internet users, consumer demand through the internet is driving big changes in the way we find lawyers. The erstwhile methods like personal connections or word-of-mouth aren’t long-lasting or scalable. This is where Lawyered adds value to its customers,” Gupta said.
Lawyered was part of India Accelerator’s Summer 2018 cohort, the statement added.
Recent developments in the sector
Gurugram-based legal tech startup Legalkart raised over $490,000 in a seed round from angel investors, it said in an announcement last month.
Legalkart claims it helps lawyers in assigning tasks and synchronising calendars. The platform also provides advanced features like financial management, client management, document, and team management.
Earlier in October, Prarambh, the legal tech incubator founded by law firm Cyril Amarchand Mangaldas, had announced the winners of its first cohort.
JRTC Intern, Leegality and LegalMind, the selected startups are working on a diverse range of products including talent management, workflow for eStamping and eSignature and artificial intelligence (AI)-based legal research during their six-month mentorship programme.