Vakilsearch, a Chennai-based online professional services platform for lawyers, corporate bodies, and professionals in India, announced it has raised an undisclosed sum from technology growth investor and the Co-founder of B2B ecommerce platform Udaan, Sujeet Kumar, according to a media report.
Vakilsearch CEO Hrishikesh Datar said, “At Vakilsearch, we have always focussed on providing businesses and individuals a trouble-free experience. With an Amazon rivalling NPS score of 56 and an average rating of 4.2/5 from 1,400 verified Google reviews behind us, we are delighted to tie-up with Sujeet to expand our leadership position.”
“Vakilsearch has soared high to a leadership position in the fast-growing legaltech market, and the startup’s drive to pursue more is exceptional. Really proud that 10 percent of all Indian Pvt Ltd companies seek them out for help with registration and filings. Vakilsearch is a great example of a capital-efficient business, solving an age-old problem with cutting-edge technology, and thereby transforming the ecosystem,” said Sujeet Kumar.
Founded in 2010 by Hrishikesh Datar, Vakilsearch helps businesses with registrations, incorporations, accounting, filing, annual compliance, and legal documentation. The startup further offers several need-based services such as tax filings, property agreements, and consumer rights protection.
With an online platform and a mobile application, Vakilsearch said that it aims to make every Indian business owner and citizen experience its vision of “Legal is now simple”. Its app is available for Android and iOS users.
Earlier, Vakilsearch had raised funding from Kalaari Capital, and Microsoft’s venture fund M12, among others. The company faces stiff competition from LegalWiz, Business Setup, Indiafillings, LawRato, and Cleartax, etc.
The startup claims that it has brought together more than 11,500 professionals on its platform, and has already offered its services to over 140,000 customers so far. Some of its clients include OYO, Bigbasket, Amazon, HDFC Bank, and Jamboree.
Vakilsearch enables users to create various documents, such as affidavits, offer and relieving letters, house rent agreements, general power of attorney, special power of attorney, experience and termination letters, and cheque bounce notices, as well as legal notices for money recovery and product defects through its platform.
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