[the_ad id="83613"]

LegalPay launches $2 Mn Justice and Inclusion (JAI) Fund


Delhi NCR-based LegalPay, a legal and insolvency financier, has launched the country’s first-of-its-kind equity fund Justice and Inclusion (JAI) Fund. The $2 million (approximately) worth fund would invest in emerging legaltech companies and startups working towards financial inclusion.

Through this fund, LegalPay will invest Rs 25 lakh- Rs 50 lakh each in over 30 startups in the next two years. The fund will promote justice, entrepreneurship, and legal innovation.

Founded by Kundan Shahi, LegalPay is a tech-focused litigation finance platform that democratizes investment in alternative-investment products in the legal domain, including insolvency financing and litigation funding. The New Delhi-based fintech startup specializes in asset-backed fixed-income and legal financing products with lucrative IRRs ranging from 18% to 30%. 

The legaltech space in India has witnessed a significant interest from investors in this year. In February, dispute resolution platform Presolv360’s raised a million USD in seed round while LegitQuest’s pre-Series A round  in August. Last year, Wakilsearch nabbed one of the largest funding rounds in the space and also facilitated exit for its early backer Kalaari Capital.

About Author

Send Suggestions or Tips