# LegalPay Technology Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/legalpay-technology-private

- Industry: Financial Services
- Headquarters: New Delhi, India
- Website: www.legalpay.in
- Total disclosed funding: $0.3M
- Latest round: Seed (May 18, 2021)
- Investors on record: 2

## About

LegalPay Technology Private Limited, based in India, provides innovative litigation funding solutions to help businesses recover outstanding dues through a no-win, no-fee non-recourse funding model.Founded in 2019 in New Delhi, India, LegalPay Technology Private Limited specializes in litigation funding, assisting businesses in recovering debts without upfront costs. The company raised INR 4.190 mn in its most recent funding round on 2nd February 2022, led by investor Hedonova, bringing the total amount raised to INR 4.190 mn and valuing the company at INR 114.955 mn. The co-founders include Chandan Kumar, John Castro, and Kundan Shahi, who is also the CEO.LegalPay specializes in litigation funding solutions designed to aid businesses in recovering dues without upfront legal costs. They offer customized recovery plans based on case details, primarily serving businesses facing unpaid invoices and litigation challenges, thus helping them maintain cash flow while pursuing claims.In 2023, LegalPay reported a revenue of INR 123072.4, while their EBITDA for the same year was -INR 364576.4, indicating a focus on growth despite operational challenges.LegalPay plans to leverage the recent funding of INR 4.190 mn to expand its service offerings and explore new geographic markets. The company aims to introduce new products focused on enhancing their litigation funding services and is looking to penetrate additional markets within India and potentially expand to other regions in Asia by the end of 2023.

## Funding rounds

- Seed, May 18, 2021, $0.3M — LVX, 100Unicorns

## Investors

- LVX (https://capitalatlas.ai/funds/lvx) — Seed
- 100Unicorns (https://capitalatlas.ai/funds/100unicorns) — Seed