Delhi-based legal tech startup, Lawyered, raised $100,000 for the Indian venture capital firms. The startup will use the newly raised fund to increase the speed of the product development and to expand its customer base
Fremont, CA: Delhi-based legal tech startup, Lawyered, raised a sum of $100,000 from a group of Indian angel investors. The funds raised recently will be used to increase the speed of product development, thereby to attract huge number of customers towards the firm. The funds will also help the company to expand the market base and to achieve more partners.
The angel investors, who participated in the financing round, were Pramendra Tomar, the group general of Apollo International Ltd.; Ratish Pandey, the former general manager of Bose Corp.; Sumit Aggarwal, owner of Rainbow, and Munish Bhatia, former CSC & general manager of IAC.
Lawyered was established in 2015 by Ashish Bhatia and Himanshu Gupta. The company is designed to change the outlook of people's interaction with the legal sector. Lawyered is also a part of India's Accelerator's Summer 2018 cohort and works to bring the legal professionals online, making the process cost-effective, qualitative, and accessible for everyone. The company forbids taking any extra service charges or commissions from the clients.
According to the CEO of lawyered, Himanshu Gupta, the organization is modifying the process of finding a lawyer in India. There is a leap in the number of internet users in the country recently, which presents excellent opportunities for the company's growth. People look for everything and everyone online, including lawyers. Gupta also added that the traditional method of finding lawyers, such as personal connection and word of mouth, is neither reliable, nor are they long-lasting. However, keeping track of the same online adds value to the problems of the customers and resolves their apprehensions effectively.
See also: Top Legal Technology Solution Companies