MyeCA, a New Delhi based business advisory firm, has acquired Lawin1, a Mohali based legal process solutions startup in a cash and stock deal at an enterprise value of $584K. With this deal, MyeCA is planning to expand its service categories in legal domain.
Karvin Management Consultants, the parent company which operates Myeca.in, provides corporate and management consultancy including company formations and compliances etc. It was launched in 2014 by Kapil Dudeja and Deepak Arora with 7 services under 4 categories- Corporate Registration, Statutory compliances, Tax Filings and Secretarial Services.
“Presently, we are focusing on Start ups/SME’s through our portal & in the past 10 months we got very good response from all over India. Its a very niche market as of now. As such, we don’t have any formal figures available with us but we do expect competition in coming years. We strive to revert our client’s query in less then 4 hours,which, we think, makes us different from them,” said Deepak.
Lawin1 was launched in September 2014 as an e-portal for legal services across the country by Manik Gupta and Pradeep Kumar. Lawin1 had initially launched with 30 services under 4 categories – Business Registration, Tax Filings, Documentation and Legal Advice.
It later dropped two categories and focused on business registration and documentation departments. “We had also developed a lot of educational content which was unpublished would now be used by Karvin”, said Manik Gupta, co-founder of Lawin1.
Over the past 20 months, the startup accumulated more than 600 clients ranging from traditional manufacturing houses to well-funded VC ventures and the chief executives of top three global technology companies. The ticket size ranges from INR 2,500 to 30,000 depending on the work to be done. The company registered 20 per cent annual growth.