Chennai based legal tech startup raised huge investment

Chennai based legal tech startup raised huge investment

Vakilsearch, a legal tech startup has raised $10 million in a new round headed by InCorp India. Kalaari Capital is also exiting its investment through this transaction. Kalaari Capital, a private equity fund, having invested $2 million in Vakilsearch earlier in 2015. In 2020, it also got an undisclosed sum from Udaan co-founder Sujeet Kumar.

The funds will be used to accelerate tech and product development, as well as marketing, sales, and talent acquisition, according to the Chennai-based startup. Vakilsearch, founded by Hrishikesh Datar, provides a variety of need-based services such as tax filings, property agreements, and consumer rights protection.

The company is transitioning from a transaction-based service provider to a client-based advising platform, with the new tech platform set to begin in December 2021. It will use AI to provide its clients with a variety of compliance and consulting solutions, increasing operational efficiency and boosting customer experience.

For many of its services, Vakilsearch competes directly with players such as NovoJuris and Legal Raasta.

Related posts

Leave a Comment