Presolv360 raises $4.7 Mn led by Elevation Capital

Online dispute resolution (ODR) platform Presolv360 has raised $4.7 million in a funding round led by Elevation Capital  along with participation from its existing investor MGA Ventures and other angel investors.

The Mumbai-based company had previously raised $1.08 million in a seed funding round back in February 2022 from Fine Fragrances and others.

The proceeds will be utilized to expand into other forms of dispute resolution and improve its legal-tech infrastructure, Presolv360 said in a press release.

Co-founded in 2017 by Bhaven Shah, Namitha Shah, and Aman Sanghavi, Presolv360 is an online Dispute Resolution (ODR) platform that offers technology-driven solutions for arbitration and mediation. It leverages AI and innovative modules to streamline dispute resolution, aiming to make legal processes faster, more affordable, and accessible. The platform connects users with lawyers, provides agreement review services, and is supported by government bodies and top judges.

“What we intend to do with these funds is to accelerate market expansion. We currently do arbitration and mediation; we want to replicate these systems for other dispute workflows as well,” said Bhaven Tarunkumar Shah, co-founder of Presolv360.

According to Presolv360, it majorly works with organisations offering financial services, such as banks and fintech companies. The other notable players in this space are Sama, Cadr.in, Jupitice, and Webnyay.