Gurugram-based legal tech startup LegalKart has raised seed funding of around ₹3.5 crore from a group of angel investors, the company said on Wednesday.
According to a press statement, LegalKart is a practice management mobile app for legal professionals.
The angels who invested in this round, in their personal capacity, include Pranay Jivrajaka (chief executive officer of Foodpanda), Mitesh Shah (Head of Finance at BookMyShow), Sundeep Sahni (former Vice President, New Initiatives, Ola Cabs), Pallav Singh (former COO, Ola Cabs) and Sudarshan Gangrade (CEO of Lo! Foods). Other individual investors from Microsoft, Cognizant, Tata Motors, METRO Cash & Carry India and Oracle, who are based in the USA, UK, Japan and UAE, also participated in this round, the statement said.
The startup expects to earn $450,000 in revenues this year and growing at 20% on a month-on-month basis, the statement said. The company aims to expand its presence across 1,000 cities and sign up 25,000 lawyers, by the end of 2020, from the current 100 cities and 2,500 lawyers, it added.
Dr Arvind Singhatiya, founder and CEO, LegalKart said, in the statement, “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 and legal professionals grow in the process," said Mitesh Shah, in the statement.