Company Research Report: Lawyered

Company Overview

• Name: Lawyered

• Mission: To offer immediate on-road legal assistance to drivers and vehicle owners.

• Founded: 2018

• Founder: Himanshu Gupta

• Key People:

• Himanshu Gupta, Founder

• Headquarters: Gurugram, India

• Number of Employees: 57

• Revenue: Not Provided

• Known For: Legal tech startup connecting users with lawyers specializing in traffic laws and vehicle regulations.

Products and Services

1. LOTS (Lawyer On-The-Spot)

• Description: An on-demand legal assistance platform.

• Key Features:

• 24/7 helpline and a network of 70,000 lawyers.

• Traffic fines and penalties management.

• Document management system for storing digital copies of essential documents.

• Real-time updates on legal incidents and document submissions.

2. End-to-End Challan Resolution Service

• Description: Manages traffic fines and penalties through legal assistance.

• Key Features:

• Efficient resolution process.

• Avoidance of court attendance for vehicle owners.

• Automated service covering 98% of India's pin codes.

3. Bharatmala Project

• Description: Internal project mapping every 50 km of national highways in India.

• Key Features:

• Local lawyer availability across mapped locations.

• Detailed legal coverage across national highways.

Recent Developments

Product Launches

• LOTS (Lawyer On-The-Spot)

• Launched in September 2021.

• On-demand platform for immediate legal guidance and representation on-road.

• LAILA (Legal Artificial Intelligence Assistant)

• Virtual assistant integrating generative AI to streamline legal access and consultation.

• Features predictive analysis for legal issues and machine learning for improving service.

Partnerships & Collaborations

• Federation of Automobile Dealers Associations (FADA)

• Partnered to offer legal assistance to vehicle owners.

• Focus on expanding private vehicle market presence.

Funding and Financial Developments

• Pre-Series A Funding

• Raised $1 million in April 2024.

• Backed by India Accelerator's angel investors network, iAngels.

• Series A Funding Plan

• Plans to raise $3 million in the next 8-10 months.

Service Enhancements

• Expanded Network of Lawyers

• Continuous expansion to ensure coverage and availability.

• Educational Market Campaigns

• Initiatives to create awareness about on-road legal assistance and its benefits.

Conclusion

Lawyered is dedicated to bridging the gap between immediate legal needs on the road and accessibility to specialized lawyers. Through innovative products like LOTS and upcoming AI-enhanced services such as LAILA, the company is poised to revolutionize the provision of on-road legal assistance across India.