Former India cricket captain Kapil Dev, others fund WizCounsel with Rs 1 crore
WizCounsel, an online market network that helps people hire and manage freelance Legal, Tax and Accounting experts, has raised Rs 1 crore in an angel round led by Former Indian Cricket Team Captain Kapil Dev,
WizCounsel, an online market network that helps people hire and manage freelance Legal, Tax and Accounting experts, has raised Rs 1 crore in an angel round led by Former Indian Cricket Team Captain Kapil Dev, Founder and Chairman of SARC Associates Sunil Kumar Gupta and Founder and CEO of Nagarro Manas Fuloria. The funds will be used for marketing, sales and to strengthen current operations. Talking about WizCounsel services, Ranu Gupta, Founder and CEO of the startup, said “People still look for professional services the way they used to 15 years back and professionals still develop a business the same way. This is a perfect 'that’s how it has always been opportunity'. It is a big industry that is outdated and badly in need of improvement for speed, convenience, affordability, and quality”.
What is WizCounsel?
WizCounsel is an online market network that helps people and small businesses hire and manage freelance Legal, Tax and Accounting experts according to your budget and needs. The platform functions as a marketplace and a SAAS to help people hire the right Legal and Accounting experts - Lawyers, Chartered Accountants, and Business Experts and get work done seamlessly using inbuilt work management framework.
India's first Cricket World Cup winning captain Kapil Dev said about the startup: “It is going to be all about the Internet. People are already using it to order food, to book doctors, etc. and I am sure they will start looking for services from CAs and Lawyers or even Accountants online. Many directories exist, but the thing is there must be a platform to give them much more confidence about how they deal with experts for their work.”
Manas Fuloria, Founder and CEO, Nagarro, said: “Individuals or small companies seeking legal, tax or accounting help are automatically on the back foot because of “information asymmetry”. They typically do not know what exact services to ask for, how much to pay, how to monitor timelines and effort, and how to evaluate the quality of decisions. WizCounsel aims to even this asymmetry by giving the client more control over the search, service and payment journey.”
WizCounsel was launched in March this year and is currently running in Beta. Till now, the platform has over 100 verified professionals across different cities out of 600 total applications and has generated a total transaction value of approximately Rs. 3 lakh.
Commenting on his Investment, Sunil Kumar Gupta, Founder and Chairman, SARC Associates said WizCounsel empowers young accountants and lawyers who have always found it extremely tough to generate business for themselves. A lot of Young professionals can work more passionately at a lesser price with the same quality. Like engineering & design teams, Businesses can form distributed finance & legal teams to cut on cost, improve quality and transparency.
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The platform offers a variety of services right from simple Income Tax Filing to outsourcing whole Legal and Accounting work for a business.