LEXSTART CONSULTANCY PVT. LTD.: MAKING STARTUPS “INVESTMENT READY”
Women Entrepreneurship is one of the prized developments that has come under the spotlight during the last two decades. Today, the world is looking up to many female leaders, who have broken all the cliches and proved themselves competitive in society. In India too, the age of globalization has enabled women to come up with their vivid ideas and play an important part in elevating the country’s economy.
One such trailblazing leader is Anisha Patnaik, Co-founder of LexStart Consultancy Pvt. Ltd. Anisha has secured a noteworthy experience in Legal and compliance matters and is a specialist in startup laws and venture funding transactions. She has worked for over a decade with various legal firms towards supporting and establishing startups in India.
COMPANY AT A GLANCE
LexStart Consultancy is one of the specialists, which emphasizes on managing all legal and compliance services and products of a startup from its very early stage. These include taking care of their trademarks, due diligence, commercial contracts, fundraising documentation, etc.
Along with this, the company also serves its clients with a digital platform, where a startup can have access to all kinds of online services namely:
- Online Compliance Management
- ESOP Management – Incorporate and manage ESOPs. Give access to the visibility of employees’ ESOPs and the value of shares through separate employee dashboards.
- Template Corner – Create, Manage and Execute templates online!
- Cap Table Calculator – Understand the effect of pre-money, ESOPs, etc. on your cap table; create, tinker and manage cap tables.
- LexScore – Online due diligence and investment readiness score!
- Record Management – A virtual storage space for all kinds of data and information. Clients can sort, tag and update their data for due diligence by investors, shareholders or creditors at any time. The stored data can further be shared and downloaded as per requirements.
- Trademark Management- Track and protect your trademarks (expiry dates and anonymous breaches).
LAYING DOWN THE CORNERSTONE
The foundation of LexStart was laid down by two notable specialists, Anisha Patnaik and Karthik Chandrasekar(Co-founder). During her professional voyage, Anisha was associated with many notable organizations such as Thakker & Thakker, Acumen Fund, K Law. There she worked with many startups helping them in establishing themselves in India. After acclaiming a humongous experience, in areas of legal and compliance management, Anisha concluded that law firms were generally focused on aiding start-ups with their fundraising transactions. She believed that startups needed more support with day-to-day compliances and agreements at cost-effective rates. This was the concept behind bringing LexStart to the spotlight. After setting the stage for her brainchild in 2015, LexStart has been working on supporting the early-stage startup ecosystem with all kinds of legal and compliance supports.
NOTABLE FACTORS
“Our idea is to be a one-stop-shop for the early-stage startup ecosystem. At LexStart, we focus on satisfying any-and-all needs of the stakeholders in the early-stage startup ecosystem – entrepreneurs, investors, incubators”. – Anisha
During her professional timeline, Anisha found that a higher proportion of law firms only involved themselves with the fundraising part and widely neglected the other areas of importance. Filling this loophole is the main focus of LexStart. At a cost-effective price, LexStart focuses its concern on three verticals- Legal, Compliance and Products without compromising on quality.
Entrepreneurs intend to be less concerned with paperwork and filing documents. For this, LexStart steps in and asks its clients to leave all the legal worries and compliance concerns on their shoulders while they go on elevating their business. By calling themselves “in house counsel and compliance manager”, LexStart aims at hand holding through their client’s concerns while using technology to increase efficiency and transparency.
EMPLOYEES AS AN ASSET
Besides technology, another factor that makes them a robust firm is their enthusiastic team with competent skills and experience in the field. Technology helps in the functioning of a company to its optimal levels; however, proper manpower is the asset that ensures every operation is performed seamlessly. The dynamic team of LexStart understands legal and compliance from both perspectives and helps their clients in staying “investment ready”.
Further, to ensure optimal performance, LexStart trains its employees in the most enjoyable way. Further, to maintain their enthusiasm they organize games at the organizational level.
EQUIVALENCE BETWEEN WORK AND PRIVACY
I am a huge propagandist of “me time”. Every entrepreneur needs to have some time to themselves other than personal time. It’s been a challenge, but I ensure that I have some “me time”. – says Anisha
Based on her professional and entrepreneurial journey, Anisha highly propagates the balance between work life and personal life. She enjoys her personal life by working out, learning to play the piano and reading books.
EMPOWERING WOMEN ENTREPRENEURSHIP
Through her entrepreneurial journey, Anisha has learned that the roadmap of entrepreneurship is a challenging one. Finding the right people for the job and staying focused on your aim is easier said than done. However, she believes the key to success is staying diligent on the path. Through her journey, she intends to motivate women to go beyond societal stereotypes, and stay focused on what they wish to achieve.
She says – “Be sure you can fight it out for at least 5 years. You need to forget everything and focus on your startup for 5 years; if you are ready to do that, then definitely go for it!”
In addition to this, she urges every aspiring woman to procure their “me time”, as she believes self-elevation is equivalently important as personal time.
ACCOLADES AND THE FUTURE ROADMAP
For its impeccable services, the company is considered as one of the foremost startup specialists. LexStart also helps government organizations. LexStart was the Exclusive Legal Partner to Maharashtra Startup Week. LexStart also won Startup India’s Ease of Doing Business Challenge!
Ahead on the road, LexStart is looking forward to becoming the global connoisseur of supporting startups with legal services and is already providing its services offshore.
A NOTE FOR READERS
“If you are thinking of starting-up, do something you are passionate about because entrepreneurship is tough and the only thing that keeps one going is the passion and love for what they are doing”. – Anisha Patnaik
