Legistify, a Delhi-based online legal services platform, has raised an undisclosed amount of funding in its seed funding round, led by Ranjit Singh.
Along with Ranjit Singh, few other investors have participated in this round but their names have not been disclosed. The raised funds would be used in product development, strengthening the team, marketing and collaborations.
Legistify was founded by Akshat Singhal in December 2014. Initially launched as a QnA platform, the team started developing technology backed services which could help users to solve their legal problems sorted. Thus, in mid 2015, it was launched as an online document making platform.
It enables its users to create legal documents in one go. They need to choose a particular agreement that they need and fill up the questionnaire.
The platform gives 15 days warranty to the user where they can recreate an ordered agreement if they had earlier entered any wrong information for free within this period. Since January 2016, the platform has helped creating around more than 500 paid and free legal agreements.
The company is targeting to create over 2000 documents per month, do product improvisations, launch new services and help at least 500+ startups, entrepreneurs and individuals get their legal outsourcing needs met, all by the end of this year.
Akshat Singhal, founder of Legistify, said,
“Being a handful of legal startups there is as such no direct competition to what we are doing. There are a few other players like VakilSearch, Lawrato, NotaryMama, etc. but all of them are working on different aspects of the industry. No such direct competition faced in terms of online legal agreement making in India at the moment.
We are trying to break the shackles of conventionalism in user lawyer interaction space as well as legal outsourcing work. Needs some level of user behaviour modification which shall come in some time only. Apart from this, the legal community not being very tech savy brings a few added challenges in expansion.”
Website – www.legistify.com