Drafting legal documents has been a cumbersome and time- consuming experience. Now, LegalDesk.com, a Bengaluru-based startup, has developed a technology to solve this problem. The intelligent system will instantly create the documents based on the details you provide. Then you can opt for delivery of the document along with the stamp paper and sign it or choose to digitally sign the document in minutes.
Started by Krupesh Bhat, a software engineer in 2014, launched as a Do-It-Yourself (DIY) platform in early 2015, LegalDesk lets you make any legal document and contract for your business or personal use.
In 2010, Bhat returned to India after working in the US, and set up an enterprise called Enclever India in Bengaluru, for making available digital products online. Though it was successful venture, but he was not enjoying his work.
Bhat then hit upon an idea, providing assistance in making legal documents online that would benefit the public. It was a concept that no one had tried before in a comprehensive way, and was in tune with the vision of Digital India and Make in India that Prime Minister Narendra Modi had begun to push aggressively. What made the concept viable was it promised legal documents at a fraction of the cost and time that we usually spend in meeting lawyers and running around for stamp papers and registration services. Thus born LegalDesk.com.
“We offer a comprehensive set of documents and services not provided by anyone in this space. Our aims is to offer documents in different languages so that we can reach out to different states in the country,” Bhat told DH.
Model for startups
“We also offer an annual subscription-based model for startups. This will provide a set of essential documents required for new enterprise. The documents will be given along with legal and CA/CS consultation to ensure that startups are well-equipped to start and rise to a level of funding and even beyond,” Bhat added.
The company also offers a host of services including an affidavit for change of name on stamped paper for minimal charges of Rs 159, a rental agreement would cost just Rs 209, and a general power of attorney would come at the low cost of Rs 359, which will be delivered to your doorstep.
Currently, it has presence in 12 cities with 12,606 registered users. On challenges, Bhat said, “There are always small changes in law that take place on a regular basis. Unless we keep an eye on that our document services wouldn’t be of full value to our customers. So, we have a team dedicated to constantly update the text of the documents with whatever changes are announced anywhere in the country.”
“A staggering 45% of India’s population of 1.3 billion does not have awareness of basics of law and due legal processes concerning those laws. A very dismal situation,” Bhat said.
On future plans, Bhat said, “We are planning to launch the Aadhaar-based e-signing of documents. E-sign will help every Indian citizen to sign any kind of legal and non-legal documents in a jiffy, irrespective of the time and location.”
LegalDesk is in advanced talks with investors for raising $2-$5 million.
“The funds will be used for expansion. To enhance our technology, build mobile platforms and expand our range of services, such as startup packages,” Bhat added.