Mumbai-based LegalPay has launched a litigation investment product for retail investors. Investors can invest as little as 25,000 Indian rupees (US $337) to get started. Read more.
Geetanjali Sethi has joined LegalPay as Vice President – Legal & Risk. Geetanjali was previously a Managing Associate at L&L Partners Law Offices in New Delhi.
India-based litigation financier LegalPay last week announced that it had secured an undisclosed seed funding round led by accelerator VC 9Unicorns to tap an estimated $20 billion legal expense market in the country. Early-stage investment platform LetsVenture also participated in the round, along with angel investors including Ambarish Gupta, founder of New York-based PE-fund Basis Vectors and founder of Knowlarity.
Kundan Shahi, the founder and CEO of LegalPay, the first domestic litigation funder in India, talks to us about the hurdles that have to be overcome for funders in India, who the law firms and organisations are that are leading the litigation finance push, and where opportunities lie for foreign funders.