Gurugram-based legal tech startup, LegalKart, that focuses on emerging areas in the legal tech space, has raised ₹6.5 crore in funding led by IIM Udaipur Incubation Centre. The firm had earlier raised ₹4 crore led by Mumbai Angels and other investors in January 2022. The fresh capital will set a definitive growth trajectory for the company and will enable the startup to progress with AI-enabled legal technology solutions.
PC: LegalKart
Founded in 2019 by Arvind Singhatiya, LegalKart is an all-inclusive legal consultancy platform that leverages technology to make availability and efficiency much more profound. The startup offers a suite of services – from AI-driven documentation and legal consultations to a range of tailored digital solutions.
It offers the opportunity for users to access and get connected with legal professionals, lawyers, as well as lawyers from the rest of India by audio and video calls. This way, it caters to communication in Indian languages. So, the service focuses on accessibility to bridge legal services and the general public, henceforth, making legal expertise more accessible to a vast audience.
LegalKart extends its services as beyond consultancy. It offers properties for the purpose of verification of documents and payment of challans for vehicles. It provides hassle-free services for checking and drafting a legal document. This is a holistic approach by providing legal services which experience enhancement but fulfills multiple requirements in terms of legality.
In the last eight months, LegalKart’s business topline has grown an astonishing 453%, with demand for its services booming exponentially. The newly raised funds will be used in a strategically planned fashion to help LegalKart maintain this rapid growth, roll out new AI-driven products, and expand its footprint in tier II and tier III cities of India. This assumes significant importance because such markets remain starved for good legal services, and LegalKart seems to be well-placed to fill that gap.
Funding infusion will also help support upgrades in the technological infrastructure of the platform, thereby enhancing the platform to wield more superior AI capabilities. More importantly, through automation of documentation and simplification of legal processes, LegalKart aims to minimize time and costs involved in the delivery of legal services and make it affordable for everyday users.
Now, LegalKart brings innovation into the rapidly emerging space for investors as well as the users. As technology and the rising expectations of consumers globally drive legal changes around the world, LegalKart’s solutions stand right in the very midst of those changes, which serve to match exactly the changing needs of modern clients.
LegalKart makes legal more accessible and easier and has a solid growth record; hence, it is a great play for the biggest impact that can be made in the Indian legaltech landscape. With the company’s concentration on AI-driven solutions, it sets itself apart from traditional legal service providers but aligns with a general trend: that every sector is going digital.
In a nutshell, LegalKart’s latest funding round is an important milestone for the startup as it looks to increase its services and reach. Having a clear vision for utilizing technology to enhance legal accessibility, LegalKart appears well-set to redefine how Indian legal services are delivered-how they can be more efficient, user-friendly, and inclusive.
