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

EntrackrEntrackr · 1m 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.

91Trucks begins Series A round with 5.5X valuation surge

EntrackrEntrackr · 9m ago
91Trucks begins Series A round with 5.5X valuation surge
Medial

91Trucks, an online platform specializing in commercial vehicle listings, raised Rs 42.9 crore ($5 million) in its Series A round led by Arkam Ventures with the participation from Titan Capital and others. 91Trucks, an online platform specializing in commercial vehicle listings, raised Rs 42.9 crore ($5 million) in its Series A round led by Arkam Ventures through associate (Unitary Fund), with the participation from Titan Capital, Sparrow Capital, and Atrium Angels. 91Truck’s board has issued 2,247 Series A CCPS at an issue price of Rs 1,88,578 each to raise the aforementioned amount, its regulatory filings accessed from the Registrar of Companies (RoC) show. Arkam Ventures led the round with Rs 25.2 crore (approximately $3 million) followed by Titan Capital, which injected Rs 15 crore. Sparrow Capital and Atrium Angels also joined the round with Rs 1.73 crore and Rs 1 crore investment, respectively. The proceeds from this round will be utilized for capital expenditures, marketing, and general corporate purposes, the filings said. As per Entrackr’s estimates, the Gurugram-based company’s valuation has soared 5.5X to Rs 280 crore or $33 million (post-allotment of Series A round), compared to Rs 50.47 crore at the time of its seed round. Launched in 2022, 91Trucks offers information on new and used trucks, buses, and auto rickshaws—including prices, specs, comparisons, and dealer contacts. As per its website, it also runs five physical stores in Delhi-NCR and Meerut for affordable used vehicle purchases. Startup data platform TheKredible shows Arkam Ventures as the largest external shareholder in the company with a 9% stake, followed by Titan Capital (5.35%) and Sparrow Capital (4.94%). For the fiscal year ending in March 2024, 91Trucks reported Rs 10.11 crore revenue, compared to Rs 3.95 crore in FY23. Looking at the bottom line, its losses stood at less than Rs 1 crore. It’s yet to disclose FY25 numbers.

Coffee-first beverage brand Drickle raises Rs 6 Cr in seed round

EntrackrEntrackr · 19d ago
Coffee-first beverage brand Drickle raises Rs 6 Cr in seed round
Medial

Bengaluru-based coffee-first beverage QSR brand Drickle (formerly BONOMI) has raised close to Rs 6 crore in seed funding through equity. The round saw participation from multiple angel investors and operators, including Param Kandhari, Naresh Krishnaswamy, Abhinav Mathur, Hemanshu Jain, Vinay Bhopatkar, Vaibhav Sisinty, Dalvir Suri, and Rishit Jhunjhunwala. Shaili Chopra also participated via Ideabaaz. In April 2025, Drickle had earlier raised Rs 5.3 crore with an additional Rs 50 lakh coming in as an extension of the round via Ideabaaz. The fresh capital will be used to expand Drickle’s outlet network in Bengaluru, strengthen backend manufacturing, build leadership and operations teams, and invest in marketing and brand building. Founded by Rahul Nijhawann and Vardhman Jain, Drickle operates seven compact-format outlets across Bengaluru. Each outlet spans 150–200 sq ft and is clustered within micromarkets to drive high-frequency consumption. The brand operates in the Rs 100–150 price range. Drickle follows a coffee-first model, offering fresh-brewed flavoured coffees, while also selling matcha, boba, and Thai tea beverages. The brand runs an owned backend manufacturing facility in Bengaluru, producing coffee brewing solutions and key ingredients in-house. This allows Drickle to operate asset-light outlets without espresso machines and maintain tighter control over margins and supply chain.

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