About LegalDesk
LegalDesk is a company based in Bengaluru (India) founded in 2014 by Ashok Kadsur. It operates as a SaaS (Software-as-a-Service), and On-Demand Services. LegalDesk has raised $3.33 million across 1 funding round from investors including Michael Haaning. The company has 432 employees as of March 29, 2024. LegalDesk offers products and services including Rental Agreement, Affidavits, and Non-Disclosure Agreement. LegalDesk operates in a competitive market with competitors including LegalZoom, LawBite, Docstoc, Ochresoft and LegalRaasta, among others.
- Headquarter Bengaluru, India
- Employees 432 as on 29 Mar, 2024
- Founders Ashok Kadsur
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Sectors
Professional & Legal Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Legaldesk.Com
- Date of Incorporation 22 Sep, 2016
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$5.49 M (USD)-87.5as on Mar 31, 2023
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Net Profit
$29.66 K (USD)-61.23as on Mar 31, 2023
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EBITDA
$409.44 K (USD)51.55as on Mar 31, 2023
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Total Equity Funding
$3.33 M (USD)
in 1 rounds
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Latest Funding Round
$3.33 M (USD), Series A
May 30, 2022
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Investors
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Employee Count
432
as on Mar 29, 2024
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Products & Services of LegalDesk
LegalDesk offers a comprehensive portfolio of products and services, including Rental Agreement, Affidavits, and Non-Disclosure Agreement. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Rental agreements are customized and delivered for users.
Affidavits are created online for various personal needs.
NDAs are drafted for business confidentiality and protection.
Funding Insights of LegalDesk
LegalDesk has successfully raised a total of $3.33M through 1 strategic funding round. The most recent funding activity was a Series A round of $3.33 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $3.3M
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First Round
First Round
(30 May 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series A - LegalDesk | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in LegalDesk
LegalDesk has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Michael Haaning. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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MH
Michael Haaning |
Angel investor in Indian startups, focused on tech and innovation.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by LegalDesk
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - LegalDesk
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Legaldesk Comparisons
Competitors of LegalDesk
LegalDesk operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as LegalZoom, LawBite, Docstoc, Ochresoft and LegalRaasta, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online legal document services are provided for businesses and families.
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| domain | founded_year | HQ Location |
Legal documents and services are provided for SMEs.
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| domain | founded_year | HQ Location |
Provides legal documents tailored for small and medium-sized businesses.
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| domain | founded_year | HQ Location |
Workflow software for compliant legal document management is offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Legaldesk
Frequently Asked Questions about LegalDesk
When was LegalDesk founded?
LegalDesk was founded in 2014 and raised its 1st funding round 8 years after it was founded.
Where is LegalDesk located?
LegalDesk is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is LegalDesk a funded company?
LegalDesk is a funded company, having raised a total of $3.33M across 1 funding round to date. The company's 1st funding round was a Series A of $3.33M, raised on May 30, 2022.
How many employees does LegalDesk have?
As of Mar 29, 2024, the latest employee count at LegalDesk is 432.
What is the annual revenue of LegalDesk?
Annual revenue of LegalDesk is $5.49M as on Mar 31, 2023.
What does LegalDesk do?
LegalDesk is established as Indias pioneering do-it-yourself platform for legal documentation. It is focused on simplifying the creation of official documents such as rental agreements, affidavits, and business contracts. Services are provided through an online tool that allows customization of legal documents based on user inputs. The platform operates across various sectors including personal and business legal needs. Solutions are offered for quick drafting and doorstep delivery of documents on stamp paper. Coverage is extended across multiple states in India, ensuring legally compliant documents nationwide.
Who are the top competitors of LegalDesk?
What products or services does LegalDesk offer?
LegalDesk offers Rental Agreement, Affidavits, and Non-Disclosure Agreement.
Who are LegalDesk's investors?
LegalDesk has 1 investor. Key investors include Michael Haaning.
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