MyAdvo, a legal-tech concierge that helps its clients connect to the ‘right’ lawyer for their legal needs, has raised a successful Angel round led by Pradyumna Dalmia (Calcutta Angels Network), Mr S. Somasegar and other investors through LetsVenture.
“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. It will also act as a boon for independent lawyers across the country who have trouble getting a steady flow of clients. Above all, having met the Team led by Kushal and Rishabh, I can say they are fully committed and have the spark that is required to quickly scale-up this business and take it to the next level.” said Pradyumna Dalmia, Co-Founder at Calcutta Angels Network and lead investor in the round.
“Legal Services in India hasn’t been organised yet and MyAdvo is leveraging technology to ensure that the Legal market is marshalled and the service levelled in a manner that an individual can pick from a choice of options, at a predetermined rate. The company is bringing more transparency, cost-efficiency and reliability by building a tech enabled marketplace for lawyers, individuals, corporates, startups and SMEs. Kushal and Rishabh, want to transform how legal services are consumed. I am glad that LetsVenture helped them in their fundraise.” said Shanti Mohan, founder of LetsVenture.
“The MyAdvo team is a team of extremely smart folks addressing a major pain point for businesses and individuals alike. We’re confident of them building a valuable and profitable business and helping streamline and simplify legal action for consumers.” Said Abhishek Agarwal, Founding Partner, Operator VC, one of the investors in the round.
Kushal Bhagat, Founder and CEO, MyAdvo added that “We had our idea validated in the very first month of our launch, and then worked hard to make it operationally profitable before pitching to investors.
We will be using the funds to setup a stronger technology and operational backbone. We have been able to build an operationally profitable model in Delhi and will be soon expanding to 8 more cities.”
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. MyAdvo 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 tied up with various educational institutions including several IITs for their accelerations, incubation centres, IP facilitations, etc. They assist the start-ups incubating in these institutions with their legal structuring and ensure that all compliances and regulations are well-taken care of.