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.
Sarthak Advocates & Solicitors advised
India Juris acted and represented PE
Deal value: undisclosed
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