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11-50
Mumbai
India , 2025
Mumbai
NyayMind is an AI-powered legal research assistant that reduces research time by 65% for Indian lawyers. Our platform provides instant access to 10+ lakh Indian case citations through natural language queries, document analysis with risk assessment, and case prediction analytics based on historical data. Key features include bilingual support (Hindi/English), mobile-first design, and affordable pricing at ₹1,499/month vs ₹50,000+ competitors like Westlaw. We've validated the product with 50 lawyers across Delhi, Mumbai, and Bangalore, achieving 95% user satisfaction. Our working demo is live at nyaymind.nexaworks.tech. The AI targets India's 8 lakh practicing lawyers who currently waste 60% of their time on manual research. With proven demand and a scalable SaaS model, we're positioned to capture significant market share in India's underserved legal tech sector
NyayMind addresses the massive research inefficiency in India's legal system where lawyers spend 3-5 hours daily on manual case law searches that AI can complete in 10 minutes. Founded by an experienced B2B software entrepreneur (Nexaworks), we've self-invested ₹13 lakhs and built a working AI prototype. Our team combines technical expertise (React/Node.js, AI/ML) with legal domain knowledge through partnerships with practicing advocates and law schools.
SaaS subscription model with tiered pricing: * Revenue Streams: - Individual lawyers: ₹1,499/month - Small firms (2-5 lawyers): ₹4,999/month - Law students: ₹499/month (educational discount) - Pay-per-query: ₹25 per research report * Unit Economics: - Customer Acquisition Cost: ₹3,000 - Customer Lifetime Value: ₹45,000 (3-year retention) - Gross Margins: 70% (typical SaaS model) - CAC/LTV Ratio: 1:15 (healthy) * Growth Strategy: - Year 1: 300 customers → ₹45 lakh revenue - Year 2: 1,000 customers → ₹1.8 crore revenue - Year 3: 5,000 customers → ₹10 crore revenue Monetization validated through beta testing where 40% of users indicated willingness to pay. Multiple revenue streams reduce risk while targeting different market segments from individual practitioners to law schools.
India
SaaS
B2C, B2G, B2B
Westlaw India, Manupatra, SCC Online
Tell us a bit about how founding team knows each other.
College Friends
Why did you decide to start this company?
Driven by hunger to dream big, solve real problems using our knowledge. Inspired by great people, we want to prove that if they can do it, so can we
Are all the founders full-time on this project?
No
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