Black Coat Technologies Pvt. Ltd, which operates legal technology startup LegalKart, has raised Rs 3.5 crore (about $492,000 at current exchange rates) in a seed funding round from a clutch of angel investors.
Those who participated in the round include Foodpanda India chief executive officer Pranay Jivrajaka, BookMyShow finance head Mitesh Shah, Rocket Internet chief compliance officer Sundeep Sahni, former Ola chief operating officer Pallav Singh and Lo! Foods CEO Sudarshan Gangrade.
Executives at companies such as Microsoft, Cognizant, Tata Motors, METRO Cash & Carry India and Oracle also invested. All the investors placed money in their personal capacity, Gurugram-based LegalKart said in a statement.
The startup allows lawyers and other professionals in the legal system to assign and synchronise tasks. It also provides facilitates collaboration among professionals.
The company said it is aiming to expand its presence across 1,000 cities with 25,000 lawyers by the end of next year. It currently operates in 100 cities and has a network of 2,500 lawyers on its platform.
Company founder and CEO Arvind Singhatiya said LegalKart aims to redefine the delivery of legal services in India by creating a practice management system designed for the profession.
“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,” Singhatiya said.
Separately, Mitesh Shah said the investment would help accelerate LegalKart’s ability to make legal services accessible while ensuring the professional growth for lawyers and other legal professionals.
Other startups in the legal-technology segment include WizCounsel, which raised money from former cricketer Kapil Dev in June. SpotDraft, another startup, raised $1.5 million (around Rs 11 crore) in a pre-Series A round of funding led by venture capital firm 021 Capital, which is backed by Flipkart co-founder Binny Bansal.