[Funding] Legalwiz has raised Rs 3.8 CR funding from ContCentric

Legalwiz is one of Gujarat’s leading LegalTech firm. The startup, today, announced that it has raised Rs 3.8 crores of funding from ContCentric IT Services Private Limited. The company will use the fund to strengthen the technology stack and roll out new services and SAAS products. Further, the startup will optimize its performance for better customer engagement and UX, higher transparency in trade, tech efficiency in client management. It also aims to offer useful tools to clients for managing their taxation, compliance and other business processes.

About Legalwiz

The 4-year-old startup caters to StartUps and SMEs. It helps them enable legal, financial, corporate & taxation compliances. Thereby, helping them a robust legal tech backbone which in turn will ensure online efficiency and transparency. ContCentric is an enterprise content management company that leverages Portal and ECM solutions to address the needs of clients globally.

From the leaders

Mr Shrijay Sheth, Founder, Legalwiz, said that the funding from ContCentric will help the startup optimize performance. They further aim to create new avenues to deliver greater value. “It is strategic funding against Technology roadmap for Legalwiz. This dovetails with our founding credo of Simple – Affordable – Transparent – because leveraging ContCentric’s proven expertise, we will be able to deliver an even better customer experience and User experience. It will enable us to deploy technology to disrupt the legal tech market. Offering new services and SAAS products, Legalwiz will make tools available to clients for managing their taxation, compliances and other business processes. The automated business operations and new products will allow us to offer value-added customized services to clients,” he said.

Explaining the synergies in the relationship, Mr Gaurav Barot, CEO, ContCentric, said, “ContCentric will be the investor and technical development partner in this relationship. Our proven expertise in automating business operations will help boost efficiencies, improve customer onboarding and the customer experience for Legalwiz. ContCentric aims to increase our offerings and include financial investment and mentoring, homegrown product and technical partnership along with our current ECM and Portal development services.”

“The resulting synergies will help us demonstrate our capabilities and also further build our reputation as an investor. This association will also improve our vertical knowledge of "Business Professional Services" and will also enrich our product development experience. We are highly optimistic about this investment because of Legalwiz’s customer-centric approach and ease of getting things done. Also, the massive market potential makes this a very confident bet,” he adds.

Mr Gaurav Barot will bring exceptional technical expertise with his active involvement in Technology build-out, gained from working with highly scaled technology - first ventures globally.