When it comes to legal matters, we Indians always get a little scared because of the perceived complexities. To kill this preconceived notion and also to make the legal process easier for the common man, Hrishikesh Datar in 2011 came up with this brilliant concept of VakilSearch. Conceived with the mission to provide one-click access to individuals and businesses for all their legal and professional needs across India, this startup is making legal simple for one and all in the country.
VakilSearch - Company Highlights
| Startup Name | VakilSearch |
|---|---|
| Headquarter | Chennai |
| Founder | Hrishikesh Datar |
| Sector | Legal Services |
| Founded | 2011 |
| Parent Organization | Uber9 Business Process Services Pvt.Ltd |
| Website | vakilsearch.com |
VakilSearch - About and How it Works
VakilSearch - USP
VakilSearch - Target Market
VakilSearch - Founders and Team
How was VakilSearch Started
VakilSearch - Name, Tagline and Logo
VakilSearch - User Acquisition
VakilSearch - Business Model and Revenue Model
VakilSearch - Startup Challenges
VakilSearch - Competitors
VakilSearch - Advisors and Mentors
VakilSearch - Funding and Investors
VakilSearch - Awards & Recognitions
VakilSearch - Future Plans
VakilSearch - FAQs
VakilSearch - About and How it Works
VakilSearch provides legal services that cover over 300+ services such as Company Registration, Trademark Registration, Property Verification, FSSAI Registration, Copyright registration, just to name a few. Additionally, it also has two apps, Libra-The Advocates' App (a one-stop case management tool) and MySteno - The Virtual Stenographer (helps lawyers draft legal documents in minutes)
As legalities for different sectors and services in India play a crucial role in acquiring registrations for businesses, VakilSearch is addressing the huge need for legal in the country to be made simple. VakilSearch also developed solutions for lawyers and litigators to effectively track cases and manage their cases and clients in one place. Thereby, bridging the gap and simplifying the legal problems and offering a unique solution through technology. Vakilsearch.com is emerging as India's biggest legal-tech pioneer.
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VakilSearch - USP
The unique selling proposition of VakilSearch is that all services are offered 100% online and with quick turnaround time. And the consultation charges for all the services are free of cost.
VakilSearch - Target Market
The online legal market has grown considerably in the last 5 years. There is a growing online market for legal services. It emerges out as a viable opportunity. Day by day, there is an increase in demand.
However, the global legal services market size is anticipated to reach USD 1,045.24 billion by 2025, exhibiting a CAGR of 4.1% over the forecast period, according to a new report by Radiant Insights, Inc. The growing use of latest technologies in offering legal services is expected t
o drive the market growth. A strong emphasis on ensuring transparency in the relationship with clients is also expected to drive the growth of the market.
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VakilSearch - Founders and Team
Hrishikesh Datar is the founder of VakilSearch.
Being an Alumnus of the National Law School of India University, Bangalore, Hrishikesh is a keen Debater and Mooter. With increase of interest towards debating, he was always on quest to find new approaches about a career in Law.
He realized that "Entrepreneurship as a way of Life", while starting a T-Shirt business in college. As far as, the family is concerned, Law runs in the veins. Hrishikesh's father is a reputed lawyer in the Madras High Court and Supreme Court, Great-Grand father was a lawyer in Pune and also some of his grand-uncles were lawyers and judges in different courts in Maharashtra.
VakilSearch currently has a team size of 300+ employees.
How was VakilSearch Started
While Hrishikesh Datar, the Founder of Vakilsearch was at LawWeb (a portal to provide quality content for lawyers) showcasing an idea, at IIM, Bangalore, a question from the audience ignited the idea of launching something to ease and simplify the legal industry in India. This planted the initial seed. From there on, it grew into being a provider of every kind of legal solution, online.
VakilSearch- Name, Tagline and Logo
VakilSearch's naming is plain and simple. People who are looking for legal help can reach out to VakilSearch where the word "Vakil" means lawyer representing legal & legalities and "Search" denotes customers who are seeking.
The tagline of VakilSearch is "Legal is now simple" keeping the message straight and clear.
VakilSearch - User Acquisition
VakilSearch was launched as a website. The very first day the website was launched, it garnered its first customer. After the launch, it's strategy was obviously like any other startup to acquire more customers through developing its websites and creating a strong presence on all Social Media forums.
Vakilsearch's primary growth hack has always been focused on rendering good customer service. Additionally, Vakilsearch garners most of its customers through its gateway services. As in, when customers come for Company Registration, they also end up coming for other Mandatory registrations such as Compliance, business license, Tax Registration and so on.
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VakilSearch - Business Model and Revenue Model
VakilSearch's business model is Direct Online Marketing. The services are offered at economical pricing in comparison to the others in the same field. One of the main reasons customers love VakilSearch is because of the quality it offers at extremely affordable pricing. VakilSearch is the only legal company in India to offer a Subscription-based revenue model for its customers.
VakilSearch- Startup Challenges
Finding the right product mix was VakilSearch's biggest challenge when it initially began. However, a few months down the line, VakilSearch started helping entrepreneurs set up businesses, aiding them with the documentation, copyright, VAT and service tax registration, and income tax filings. Today it has 300+ services in its product & service range.
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VakilSearch- Competitors
Online legal platforms that are posing a competition for VakilSearch are India Fillings, MyOnlineCA, QuickCompany, MeetUrPro, Taxmantra.com, Venture Easy, DoBiz, Filingmantra, Bishnoi Advocats and HiGrit. Besides, there are some amazing apps like Willstar, which can be downloaded for free and takes the pain out of making a will. A similar kit is available on the Amazon marketplace, which costs Rs 399. The kit is self-explanatory and makes it possible to make a will within 15 minutes.
VakilSearch- Advisors and Mentors
Rajiv Luthra has joined hands with VakilSearch as one of its key advisors.
VakilSearch- Funding and Investors
As of Recent Funding, VakilSeacrh raised an undisclosed sum from technology growth investor and the Co-founder of B2B ecommerce platform Udaan, Sujeet Kumar
| Date | Stage | Amount | Investors |
|---|---|---|---|
| 2015-2016 | Series A over two rounds of Funding | 2.5 million | Kalaari Capital |
| May 2020 | - | Undisclosed | Sujeet Kumar |
VakilSearch- Awards & Recognitions
VakilSearch has been awarded the Ritz Entrepreneur Summit, 2016. It's founder Hrishikesh Datar has been recognized as Forbes 30 under 30.
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VakilSearch- Future Plans
Besides its headquarter in Chennai, VakilSearch is operating from co-working spaces in Mumbai, Delhi, Bangalore, and Hyderabad.
As per the last fiscal year (2018-19) , the Company's average annual turn over has been around 30 crores. VakilSearch is further looking to upscale its business and achieve 3-4 times more than the usual. Its average website traffic month-on-month is 3.5+ lakhs. So far, VakilSearch has catered around 400,000+ customers.
VakilSearch - FAQs
Who is the Founder of VakilSearch?
Hrishikesh Datar is the founder of VakilSearch
What is VakilSearch?
It is a technology-driven platform, who provides services that cover the legal needs of startups and established businesses. Services include incorporation, government registrations & filings, documentation etc., In addition, it also offers services to individuals, such as property agreements and tax filings.
Who are the Top competitors of VakilSearch?
Online legal platforms that are posing a competition for VakilSearch are India Fillings, MyOnlineCA, QuickCompany, MeetUrPro, Taxmantra.com, Venture Easy, DoBiz, Filingmantra, Bishnoi Advocats and HiGrit.
How does VakilSearch make money?
VakilSearch is the only legal company in India to offer a Subscription-based revenue model for its customers
What is the tagline of VakilSearch?
The tagline of VakilSearch is "Legal is now simple" keeping the message straight and clear.
Author: Chayanika Goswami
Source : https://startuptalky.com/vakilsearch-legal-services/
Date : 2020-10-02T11:33:00.000Z