Skip to main content

SoOLEGAL raises $4 million

 https://cdn.static.soolegal.com/assets/images/logo.jpg

Digital Law space is going through a sea change in India

SoOLEGAL a comprehensive online discovery platform, that allows visitors to seek lawyers and law firms for counsel, has successfully raised $4 million. The investment round was led by private investors and family offices in India. Previously, the company has also raised $5 million from private investors and family offices since 2014.

Speaking about the funding, Mr. Manish Kaul, COO SoOLegal said, Although SoOLEGAL was in talks with closed group of Investors since December 2019, the changed world order brought about by COVID19 pandemic also resulted in a quantum jump in revenues and user confidence on the portal, earlier than envisaged. This has prompted the investors to see more value in SoOLEGAL.

The Digital Law space in India is gaining momentum as more and more users are actively seeking online legal counsel. Currently, SoOLEGAL provides its users with instant access to number of services. In a short span of time, SoOLEGAL has acquired over 80,000 active users from 46 countries. The new investment round will enable SoOLEGAL to further capitalize on its position as a leader in digital law space in India. 

The company will use the funds to enhance its existing platform by investing in technology and research to introduce exciting features, such as SAAS based Legal Expert System to manage the entire law practice something like an ERP for Law practice. This will lead to better user experience and introducing innovative new solutions for lawyers to improve their business. 

This round is a huge shot in the arm for SoOLEGAL which will propel us to the next level of service and solution offerings.  After the first round we brought legal professionals and all other relevant stakeholders on to the SoOLEGAL platform to offer their expertise and skill sets, to all legal aid seekers at large.   We will now be able to enhance our research and strengthen our technology stack, to deliver a superior user experience, along with increased depth and breadth of legal tech services. “He added

About SoOLEGAL (https://www.soolegal.com/)

SoOLEGAL is a comprehensive online discovery platform that allows visitors to seek lawyers and law firms for counsel using multiple engagement options for information-sharing, interaction and transaction. With a mission to set standards in the LegalTech, SoOLEGAL is poised to shape the future of delivery of legal services and transform the legal landscape at both, individual and professional level. SoOLEGAL offers progressives lawyers and law firms the ability to align their practice more comprehensively with contemporary needs both, functionally and operationally through Reputation Management (including custom websites and a platform to Review, Comment, and post professional content), Practice Management (including CRM, Document/Knowledge Management, Time Management and Billing/ Payment systems) and Professional Development (including Seminars, Workshops, Conferences, e-Learning). SoOLEGAL recognizes that a lawyer’s greatest asset is his legal mind which has a value in time, money!

Comments

Post a Comment

Popular posts from this blog

India’s Economic Slowdown: Navigating Challenges with Resilience and how planetary alignments are suggesting an optimistic economic outlook

 By Aryan Prem Rana, Founder, VRIGHT PATH GROUP (www.vrightpath.com ) India, the world’s fastest-growing major economy, faces a challenging phase as GDP growth slows. The latest figures show Q2 growth dipping to 5.4%, the lowest in seven quarters. This decline comes as 63 of the Nifty 100 companies miss revenue estimates, raising concerns about underlying economic health. Growth Engines Sputtering The economic slowdown is most pronounced in key sectors: • Manufacturing growth has dropped to 2.2%, a sharp decline from last year’s 14.3%. • Urban consumption, a cornerstone of economic growth, is weakening. Industry stalwarts such as Reliance, HUL, and Maruti have seen market corrections of 15-23%. RBI’s Balanced Approach The Reserve Bank of India (RBI) has responded with measured policies, holding the repo rate steady at 6.5% for the eleventh consecutive meeting. This neutral policy stance balances inflation control with growth needs. In a key liquidity-boosting move, the RBI redu...
Post a Comment
Read more

IMFA Reports Strong Q2 FY25 Financial Performance Driven by Higher Output and Operational Efficiency

  Indian Metals & Ferro Alloys Ltd (IMFA), India’s leading fully integrated producer of ferro alloys, announced robust financial results for the second quarter of FY25, ending on September 30, 2024. Financial Performance Highlights For Q2 FY25, IMFA reported strong standalone financial results: Revenue : ₹691.92 crore EBITDA : ₹175.62 crore, with a margin of 25.38% Profit After Tax (PAT) : ₹132.73 crore, achieving an 18.6% PAT margin Earnings Per Share (EPS) : ₹24.60 (not annualized) Exports : ₹652.97 crore This strong performance underscores IMFA's improved margins and profitability compared to the previous quarter, driven by higher production levels and operational efficiencies. Key figures from the company's half-yearly (H1 FY25) performance also reflect IMFA’s resilience in a challenging market, with a PAT of ₹250.25 crore and revenue totaling ₹1,354.2 crore. Operational Highlights IMFA’s operational metrics for Q2 FY25 demonstrated growth and stability: Ferro Chrome Pr...
Post a Comment
Read more

ICE Make Reports 21.31% jump in consolidated revenue for Q2 FY2025

 Ice Make Refrigeration Limited (NSE: ICEMAKE), a leading innovator in cooling solutions and a prominent manufacturer of over 50 types of refrigeration equipment in India, has announced its financial results for the second quarter (Q2) of the fiscal year 2025, showcasing impressive growth and consistent performance across key financial metrics. Standalone Financial Performance The company reported a notable increase in revenue from operations, reaching ₹101.38 crores in Q2 FY2025. This represents a 21.88% jump compared to ₹83.17 crores in Q1 FY2025 and a significant 34% surge from ₹75.72 crores in Q2 FY2024. Total revenue also followed a similar upward trajectory, standing at ₹101.65 crores, up 21.89% quarter-on-quarter (QoQ) and 33.87% year-over-year (YoY). EBITDA for the quarter was recorded at ₹8.51 crores, marking an impressive 35.08% increase from ₹6.30 crores in the previous quarter and a 10.81% rise compared to ₹7.68 crores in Q2 FY2024. The EBITDA margin improved to 8.37%, ...
Post a Comment
Read more