Bangalore, October 25, 2016 -MyAdvo, a digital solution that helps clients connect with the ‘right’ lawyer for their legal needs, raise an Undisclosed Angel Round from Pradyumna Dalmia (Calcutta Angels Network), Mr S. Somasegar and others on LetsVenture.
“Legal services in India is an industry that has not yet been disrupted using technology and MyAdvo aims to do just that. Their marketplace approach to providing fast, reliable legal services at pre-determined prices will be very helpful and come as a huge relief to 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 believe 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 yet been disrupted and MyAdvo is leveraging technology to do exactly that. The company is bringing more transparency, cost-efficiency and reliability by building a tech enabled a marketplace for lawyers, individuals, corporates, start-ups and SMEs. Rishabh and Kushal want to transform how legal services are consumed. I am glad that LetsVenture helped them in their fundraiser.” said Shanti Mohan, founder of LetsVenture
Within 9 months MyAdvo has received 22,500+ legal queries, expanded their ‘lawyer network’ to 2,500+ lawyers spread across 115 cities and served 450+ paying customers and tie-ups with corporates such as Karbonn, Panasonic, IFB, Hindware among others for handling their 1,000+ consumer litigation cases and with IIT Delhi for their patent search and filing requirements.
MyAdvo is a digital Client’s Legal Concierge. MyAdvo helps clients connect with the ‘right’ lawyer for their legal needs at a fixed price and provide active case support – via court hearing/ project updates.
Founded in 2013, LetsVenture 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 100 startups to raise over $40 mn.