LegalPay, a New Delhi-based litigation funding startup, has secured undisclosed seed funding from venture capital fund 9Unicorns. Early-stage investor LetsVenture and Ambarish Gupta, founder of New York-based private equity fund Basis Vectors and founder of Knowlarity, also participated in the financing.

LegalPay is India’s first third-party litigation finance platform that helps entities/businesses ease the financial burden of litigation cases such as shareholder and intellectual property rights (IPR)-related disputes. It focuses mostly on late-stage cases or those that are nearing closure with a financial requirement of Rs 20 lakh to Rs 3.5 crore. Also, cases should have strong legal merit, a high-performing legal team, and clarity on the settlement timeline.

— The Economic Times

Sarthak Advocates & Solicitors advised LegalPay led by managing partner Abhishek Nath Tripathi along with principal associate Anubhav Tiwari, and associate Narayan Gupta.

India Juris acted and represented PE 9Unicorns in the funding round.

Deal value: undisclosed

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