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Friday, March 31, 2023

Yellow raises funds to boost its legal tech business

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Yellow, a business created by Niranjan Vemulkar and Nikhil Varghese, has received an undisclosed sum from Gruhas in a seed investment round. The business stated that LegalTech startup ‘Yellow’ intends to give consumers with a safe and cost-effective solution.

According to an official statement, Yellow, a firm created by Niranjan Vemulkar and Nikhil Varghese, has acquired an undisclosed sum in a seed investment round from Gruhas.

Niranjan Vemulkar, Co-Founder and CEO of Yellow, said – Yellow has built a pioneering digital Will-making solution that is available not just to those with pricey attorneys and asset management businesses, but to everyone. Yellow is the first Indian-made digital Will-making and Estate planning tool that allows all Indians to plan for their family’s future, with the objective of making a Will a need for every home in India.

According to the firm, Niranjan Vemulkar and Nikhil Varghese formed the LegalTech venture in September 2021 with the goal of providing a cost-effective digital estate planning solution.

According to Abhijeet Pai of Gruhas, Yellow provides a unique digital solution that can disrupt a market that has historically been fragmented and unreachable to the masses due to a lack of knowledge among Indians of the importance of Wills and Estate Planning, its professed complexity, and ignorance of the Indian legal system. We are excited to invest in Yellow and support its excellent founders, Niranjan and Nikhil, in their efforts to make estate planning services more accessible and inexpensive.

In 2022, the legal tech business secured an undisclosed sum in a pre-seed round from institutional and angel investors, including Aprameya Radha krishna, Co-Founder of Koo, Mukund Rao, and others.

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