Inc42 Daily Brief
Stay Ahead With Daily News & Analysis on India’s Tech & Startup Economy
MyAdvo, legal-tech concierge that helps its clients connect to lawyers for their legal needs, has raised an undisclosed amount of angel funding led by Pradyumna Dalmia (Calcutta Angels Network), S. Somasegar and other investors through LetsVenture.
Pradyumna Dalmia, co-founder at Calcutta Angels Network said, “Technology is yet to enter the Legal Services in India and MyAdvo was founded with an aim to do just that. Their marketplace approach to provide efficient, reliable legal services at predetermined prices will be very helpful and shall definitely come as a huge relief to individuals, working professionals, NRIs, SMEs, startups.”
The startup will be using the funds to setup a stronger technology and operational backbone. The startup is planning to soon expanding to eight more cities.
According to a company statement, Within 9 months MyAdvo has received 22,500+ legal queries, expanded their ‘lawyer network’ to 2,500+ lawyers spread across 115 cities with lawyers in over 75 domain expertise. The firm has also successfully tied up with corporates such as Karbonn, Panasonic, IFB, Hindware among others for handling their 1,000+ consumer litigation cases.
MyAdvo has also tied up with various educational institutions including several IITs for their accelerations, incubation centres, IP facilitations, etc. They assist the startups incubating in these institutions with their legal structuring and ensure that all compliances and regulations are well-taken care of.
Investor Letsventure was founded in 2013, it enables startups and investors to discover and connect with each other. There are 12000+ startups and 2000+ investors on the platform. LetsVenture works with startups and investors on discovery, syndication and closure. This involves managing due diligence and paperwork closure. LetsVenture has enabled more than 85 startups to raise over $35Mn. Prior to this in September, Mumbai-based personal styling startup, Purple Style Labs, raised about $448K (INR 3 Cr) seed funding via LetsVenture. The round was led by Augment Ventures and Rahul Kayan (Calcutta Angels Network).
Note: We at Inc42 take our ethics very seriously. More information about it can be found here.