RTIwala, a Seoni Malwa-based legaltech startup, has raised Rs 25 lakh from PontaqVC. The transaction was facilitated by NGIS-STPI, Bhopal.
RTIwala will use the proceeds for team expansion and product enhancement, the company said in a statement.
Founded by the husband-wife duo Sumeet Mahendra and Kritika Shrivastava Mahendra, RTIwala helps individuals and organizations in getting valuable information and records from governments in a simple, fast and affordable manner.
RTIwala claims to have tripled its revenue in the last fiscal year. It has previously received grant from Padup Ventures and PIEDS, BITS Pilani.
Pontaq VC invests in technology startups across the UK, India, USA, and Canada. With the investment, Pontaq will help RTIwala to further enhance its services and expand its reach, making access to government information simpler, faster, and more affordable for citizens and organizations.
A clutch of legaltech startups managed to raise funding in 2022. In December, Amikus AI raised pre-seed round led by Inflection Point Ventures (IPV). Gurugram-based LegalKart also raised money in pre-Series A round led by Mumbai Angels in January last year. Last year, LegalPay, a legal and insolvency financier, launched the country’s first-of-its-kind equity fund Justice and Inclusion (JAI) Fund to invest in emerging legaltech startups working towards financial inclusion.
