Lawin1, a Mohali based legal startup has been acquired by a New Delhi based business advisory firm MyeCA for a value of $584k. MyeCA will expand their service category in legal domain with this deal.
Lawin1 was founded by Manik Gupta and Pradeep Kumar in 2014. It is an e-portal for legal services across the country. At the initial stage the startup was providing 30 services under four categories including Tax Fillings, Legal Advice, Business Registration and Documentation. But it was later changed to only 2 categories by focusing on Documentation and Business registration department.
Manik Gupta, co-founder of Lawin1 said
“We had also developed a lot of educational content which was unpublished would now be used by Karvin.”
Lawin1 has gathered more than 600 clients in the past 20 years. It has registered an annual growth of 20%. Depending on the work the ticket size varies from INR 2,500 to 30k.
MyeCA was founded by Kapil Dudeja and Deepak Arora in 2014. It provided seven services under four categories including Statutory Compliances, Corporate Registration, Secretarial Services and Tax fillings. It provides management and corporate consultancy including compliances and company formation etc.
Deepak Arora Co-founder of MyeCA said
“Presently, we are focusing on Start ups/SME’s through our portal & in the past 10 months we got very good response from all over India. Its a very niche market as of now. As such, we don’t have any formal figures available with us but we do expect competition in coming years. We strive to revert our client’s query in less then 4 hours,which, we think, makes us different from them.”