LegalKart, a Gurugram-based AI-powered legal consultation platform, recently raised Rs 6.5 crore in a funding round led by IIM Udaipur Incubation Centre. Investors such as Aevitas Capital and Shift Alt Cap also participated in this round. This funding marks another milestone for LegalKart, which previously raised Rs 4 crore in its pre-Series A round in January 2022, led by Mumbai Angels.
Founded in 2019 by Arvind Singhatiya, LegalKart aims to democratize access to legal services across India. Leveraging artificial intelligence, the platform provides a range of services, including legal documentation, consultations, and solutions in multiple Indian languages through audio and video calls. In addition to consultations, LegalKart also offers services like property document verification, vehicle challan payments, and legal document drafting.
With its AI-driven approach, LegalKart has achieved a remarkable 453% growth in its topline over recent months. This growth underscores the increasing demand for accessible, tech-enabled legal solutions, especially in a country as diverse as India, where language barriers and legal complexities can limit access to professional guidance.
The newly raised funds will support LegalKart’s ambitious expansion into India’s tier II and tier III markets, where the need for accessible legal services is significant. With a presence in these emerging markets, LegalKart aims to bridge the gap in legal service access, helping underserved communities access consultations, document verifications, and more through its user-friendly platform.
This expansion aligns with LegalKart’s commitment to inclusivity, leveraging technology to simplify legal processes and increase convenience. Its multi-language support is tailored to cater to India’s linguistic diversity, allowing users across various regions to access services in their native languages.
LegalKart’s integration of AI technology enables it to streamline processes, enhance customer experience, and provide personalized legal solutions at scale. AI helps optimize legal documentation and assists users in navigating legal complexities without needing to travel to major urban centers for consultations. This tech-driven model also makes LegalKart scalable, enabling it to reach a broader audience with tailored, accessible legal assistance.
The success of LegalKart highlights the increasing reliance on technology to make legal services more approachable and affordable. By using AI to meet the diverse legal needs of individuals across India, LegalKart is positioning itself as a pioneer in the legal tech sector, attracting interest from investors who see potential in this growing field.
The funding from IIM Udaipur Incubation Centre and other prominent investors underlines LegalKart’s potential to revolutionize the legal consultation industry in India, particularly by targeting underserved markets with innovative tech solutions.
Credit: This article is based on information from YourStory, Inc42, and The Economic Times.
Key Highlights:
- LegalKart has raised Rs 6.5 crore, led by IIM Udaipur Incubation Centre, to expand legal services.
- The platform offers AI-powered legal solutions in multiple Indian languages via audio and video calls.
- New funds will fuel growth in tier II and tier III cities, aiming to democratize access to legal services.
- LegalKart has seen 453% growth in recent months, highlighting demand for accessible legal tech.