Presolv360 is a Mumbai-based legal technology startup specializing in online dispute resolution (ODR). Launched in 2017 by Bhaven Shah, Namita Shah, and Aman Sanghavi, it aims to streamline legal dispute resolution through technology. The company has raised approximately $5.78 million in funding, with key investments from Elevation Capital and Omidyar Network India.
Attribute | Information |
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Founding Date | 2017 |
Headquarters | Mumbai, India |
Founders | Bhaven Shah, Namita Shah, Aman Sanghavi |
Revenue | ₹13.8 Crore (as of March 2024) |
Key Investors | Elevation Capital, Omidyar Network India, MGA Ventures |
Industry | Legal Tech, Online Dispute Resolution |
Number of Employees | 85 |
Presolv360 was conceptualized by its founders to address delays in traditional court proceedings in India, where civil cases can take as long as 13 years. The founders were motivated by personal experiences with the sluggish judicial system. The eureka moment came during a courtroom proceeding, inspiring them to develop an ODR framework leveraging technology and human expertise. Initially targeting commercial disputes, Presolv360 quickly gained traction, securing a $1 million seed funding in 2022.
Presolv360 operates as an online platform that facilitates out-of-court resolution through mediation, negotiation, and arbitration. The company's main achievement is drastically reducing the time needed to resolve legal disputes in a cost-effective manner. Following its establishment:
Currently, Presolv360 leads innovation in the Indian legal tech sector by adopting a robust technology-driven approach. Utilizing advanced digital tools, it supports dispute resolution for 35+ enterprises, including major banks and business enterprises. It aims to disrupt traditional legal processes by offering a seamless, efficient experience for both enterprises and individual clients. Despite facing competition from platforms like CADRE and Sama, Presolv360 maintains a strong market position due to its technological prowess and esteemed advisory board.
Presolv360 represents a paradigm shift in legal dispute resolution in India. By integrating technology with legal processes, it fosters a faster, more inclusive justice system. With substantial financial backing and a visionary leadership team, it is poised for significant growth in the Indian and potentially international markets, setting the stage for future developments in online dispute resolution.