LegalPay, India’s first third-party litigation finance company, has announced that it has successfully closed its first arbitration-focused investment vehicle, which will be focused on putting capital into a basket of 8-12 legal cases. It is also now raising funds for a second investment vehicle that will invest in commercial disputes.
LegalPay has announced the full exit of its commercial litigation financing fund which it started in August 2021 and used to fund late-stage commercial litigation and arbitration across India.
LegalPay has entered into a joint venture with Goldi Solar, acquiring an operational stake in Padmalaya Finserve, a legal and insolvency financing non-banking financial company.
LegalPay has launched Interim Financing Bonds that will allow retail investors to participate in a segment that is largely seen as an arena only for the high-net-worth individuals.
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