Launch · Professional & Local Services
LegalPay plans ₹100 crore litigation fund
By Startup Enthusiast ·
- Date
- Company
- LegalPay
- What it does
- Litigation finance provider
- Kind
- Launch
- Amount
- ₹100 crore
What they do
LegalPay provides non-recourse litigation funding, covering upfront legal costs repayable only on successful outcome
What happened
It plans to deploy ₹100 crore over 18 months, funding ₹2–5 crore per case in 20–30 commercial and insolvency disputes
Why it matters
Over five crore cases are pending in Indian courts, with timelines of five to seven years, creating demand for third-party funding
The details
- LegalPay has announced a plan to deploy ₹100 crore over 18 months for litigation finance.
- The funding will be provided as non-recourse capital, meaning it is repayable only if the case is won.
- Individual funding per case will range from ₹2 crore to ₹5 crore.
- The company aims to fund 20–30 commercial and insolvency cases.
- Focus areas include commercial disputes like breach of contract, shareholder disputes, and intellectual property matters.
- It will also fund cases under the Insolvency and Bankruptcy Code (IBC).
- Founder Kundan Shahi said the objective is to remove financial pressure from litigants.
The bigger picture
- Over five crore cases are pending in Indian courts, with timelines often stretching five to seven years.
- The IBC has admitted claims worth several lakh crore rupees, creating demand for third-party funding.
About the business
- LegalPay provides non-recourse litigation funding, covering upfront legal costs.
- Repayment is required only on a successful outcome of the case.
- It focuses on commercial disputes such as breach of contract, shareholder disputes, and intellectual property.
- It also funds cases under the Insolvency and Bankruptcy Code (IBC).
- The company evaluates cases on merits, recovery potential, enforceability, jurisdiction, and timelines.
What happens next
- Deploy ₹100 crore over 18 months.
- Fund 20–30 commercial and insolvency cases.
The deal
- Type
- launch
Founders
- Kundan Shahi, founder
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