Gautami Raiker, a legal professional who is passionate to solve justice problems using technology. Founder of LawMate.in and Director and CEO of The Legal Capsule which are legal tech companies, Gautami is the recipient of several national and international awards. She is also the accredited mediator at the Indian Institute of Arbitration and Mediation. INCUBEES talked to her to know more about this new innovative start-up in the legal field.
INCUBEES: Tell us about your product or services?
GAUTAMI RAIKER: The Legal Capsule is a legal tech company and offers a contract lifecycle management platform serving B2B market in India and the world over. The Legal Capsule is a completely paperless and digital solution to create, negotiate, e-sign, and manage legal contracts with renewal alerts. Currently, the majority of SMEs and large enterprises are managing legal contracts like NDAs, supply chain contracts, human resources, or any other commercial contract by hand. This manual process is very tedious, time-consuming, and is efficient which is prone to errors and can be manipulated. The Legal Capsule offers a strong and secure way of handling legal contracts of a company and is compliant with the Information Technology laws and the Evidence Act in India and also, compliant to the International standard laws.
INCUBEES: What makes your product unique and what competition do you see in India and globally?
GAUTAMI RAIKER: Most importantly, the product offers a negotiation tool for contracts so that you do not have to manage anything offline. Every contract signed through The Legal Capsule portal has an audit trail that records live photographs of the person signing the document, IP address, GPS details, date, and time of execution. This is an important feature in compliance with the Information Technology Act. Automation in the legal sector is the present and future. There are several competitors globally. But the right service and innovative features in our product will give us the edge in the market in India and globally.
INCUBEES: What are the challenges you see in the market at this point in time?
GAUTAMI RAIKER: Due to COVID-19 pandemic, companies are working remotely across the world. This is the right time for a product to scale that automates legal contracts and legal operations of a company. Reaching out to the management at this point in time is a challenging situation for us.
INCUBEES: Tell us about your team and what inspires them?
GAUTAMI RAIKER: We are a 3-co-founder team. I am a law graduate and an accredited mediator at the Indian Institute of Arbitration and Mediation holding over seven years of experience in corporate and business law. Mr. Nitin Kunkolienker is also the President of Manufacturer’s Association of Information Technology (MAIT), India, and is holding over 25 years of experience in the corporate sector. Mr. Deepak Agarwal is the Chief Technology Officer.
INCUBEES: Where do you see your product/service reaching in the next five-years?
GAUTAMI RAIKER: We are currently working on automating contract workflows for companies and in time to come add the value of Artificial Intelligence (AI) and machine learning to the product. We are striving towards innovation and we will soon have an international base for The Legal Capsule.
INCUBEES: Do you have plans to raise funding to grow your business or allow your business to organically grow?
GAUTAMI RAIKER: Yes, we are in the process of raising seed investment for the Company through potential investors.
INCUBEES: What are the challenges you face as a startup?
GAUTAMI RAIKER: The biggest challenge is finding the right talent employee pool in Goa. Having the best idea and finding the right team is the key. Fortunately, The Legal Capsule found its place there.