Lawyered – consumer focused Legal-Tech platform has secured USD 150k in the Pre-Series round of USD 1Mn from iAngles. This round of funding is led by India Accelerator iAngles – a well-recognized Angel Investor Network that has invested in Lawyered for the 3rd consecutive round.
Lawyered has raised the pre-series round at a USD 10 million valuation and is slated to get into the Series-A round of further investments very soon with current projections.
With the recently raised funds, Lawyered plans to further scale up LOTS by building a cutting-edge technology solution using OpenAI. With LOTS (Lawyer On-The-Spot), it aims at disrupting the USD 300Bn logistics industry by providing a one-stop solution to all their on-road legal hassles.
Besides investment in technology, the platform will also strengthen its on-ground operations by building efficient processes as a major step toward achieving organizational excellence. Additionally, it will also be utilising the funds in reinforcing its sales and marketing efforts to get deeper awareness and penetration in the market.
Commenting on the investment decision, Mona Singh, co-founder, India Accelerator said, “I'm excited to share that we've invested for the third time in Lawyered. We've watched Lawyered's impressive growth from a Legal Marketplace to a consumer-focused legal products company that's making legal services affordable and creating new markets. LOTS, their product for the mobility sector, is a game-changer, simplifying the solution for on-road legal challenges for the mobility. Lawyered's innovative approach and deep understanding of legal challenges make them a standout in the industry. We're proud to support them and believe they have the potential to become a legal industry leader.”
Delighted with the funding, Himanshu Gupta, founder and CEO of Lawyered said, “We are on a mission to revolutionize the legal industry with technology making it accessible and affordable for all. With our pre-series A funding round, we are excited to explore avenues for growth and expansion for our LOTS product. Our passionate team is committed to solving the legal challenges of industry-segment by segment and creating a level playing field for everyone. This is just the beginning of our journey to bring innovation to the legal industry.”
Launched in 2017, Lawyered is a Legal-Tech platform that makes legal accessible and affordable to every individual, entity and business through tech-driven consumer products with a sharp focus on the mobility market (commercial and non-commercial vehicles).
India’s USD 300Bn logistics industry suffers an annual loss of USD 35Bn due to on-road legal issues like- challans, penalties, detentions, accidents, theft, robbery, FIRs, etc. Lawyered, through its product LOTS, resolves their on-road legal issues by virtually fitting in a lawyer 24x7 in every single vehicle pan India. Through LOTS, it aims to empower 330Mn vehicles by resolving their on-road legal issues.
In a short span since the launch of this product, Lawyered has built a PAN India network of over 55K verified lawyers covering every 50KM of the National Highway ensuring impeccable delivery to its customers. With its exclusive partnership with AITWA, India’s apex Transport Association, it aims to onboard over 10 lac tracks within next 18 months.
Lawyered is now extending its LOTS product to cabs and other commercial vehicles too and have successfully tested the private vehicle market as well. This gives them a huge market of over 330Mn vehicles to be served and have the first mover advantage. They are making their solution plug-n-play for all the existing players in the mobility sector creating immense avenues of growth for everyone.
