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Airbnb asks New York City to reconsider regulations on short-term rentals

Economic TimesEconomic Times · 1y ago
Airbnb asks New York City to reconsider regulations on short-term rentals
Medial

Airbnb has asked New York City to reconsider its regulations on short-term rentals, claiming that they have resulted in higher prices for travelers without making any impact on the housing market. The company argues that local law LL18, requiring hosts to be permanent occupants of the units they rent out and register with the city, has failed to address the housing crisis effectively. Airbnb states that the number of listings allowing stays under 30 nights has dropped by 83% since the law's implementation, but the vacancy rates for apartments in the city remain unchanged. The company also points out that hotel rates in New York City have increased more compared to the rest of the U.S. By rolling back parts of the law, Airbnb believes the city can boost accommodation supply, support hosts, and benefit local businesses reliant on tourism revenue.

Legal tech startup Lawyered raises Rs 8.5 Cr in all-Titans deal on IdeaBaaz

EntrackrEntrackr · 12d ago
Legal tech startup Lawyered raises Rs 8.5 Cr in all-Titans deal on IdeaBaaz
Medial

Legal-tech startup Lawyered has raised Rs 8.5 crore on the business reality show IdeaBaaz at a Rs 120 crore pre-money valuation, marking the largest funding ever announced on Indian television. The investment round brought together prominent names including Pawan Jaggi, VC investor Sandesh Sharda, The Sleep Company co-founder Priyanka Salot, and Arjun Vaidya. The proceeds will be used to drive product innovation, expand its technology infrastructure, deepen nationwide distribution, and strengthen brand visibility, Lawyered said in a press release. Founded in 2018 by Himanshu Gupta, Lawyered is a legal-tech startup that provides accessible, tech-driven legal assistance. It initially focused on the mobility sector covering vehicles and logistics with platforms such as LOTS247 for roadside assistance and ChallanPay for challan resolution. The company leverages a large lawyer network to offer proactive legal support, documentation, and compliance services across India. It aims to make legal services proactive and integrated into daily life through its AI-driven platform for individuals, businesses, and startups. Lawyered claims it has helped over 600,000 vehicles and 800 businesses remain compliant. The platform is backed by a network of more than 70,000 lawyers, has resolved over 200,000 legal matters, and saved customers more than Rs 50 crore in penalties and downtime. According to the Gurugram-based startup, it aims to build the rails of legal infrastructure for the future, with plans to expand into finance, real estate, healthcare, and other sectors. The platform aspires to make law proactive, preventive, and accessible. The company will focus on expanding India’s first roadside legal assistance service, LOTS247, and its traffic challan discovery and resolution product, ChallanPay, both of which have seen adoption among vehicle owners, logistics and transport operators, gig workers, and small businesses.

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