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Legal tech startup Lucio raises $5 Mn led by DeVC

EntrackrEntrackr · 1m ago
Legal tech startup Lucio raises $5 Mn led by DeVC
Medial

Legal tech startup Lucio raises $5 Mn led by DeVC Lucio, a legal tech startup, has raised $5 million led by DeVC, with participation from investors such as Ashish Kacholia and Lashit Sanghvi. The proceeds will be used to improve its product features and expand its reach to more law firms and professionals. It also plans to strengthen its AI models, build more integrations with legal databases, and expand its presence in new markets. Lucio is based in India and focuses on developing technology that helps legal professionals work smarter and faster. Lucio is creating an AI-native workspace that helps lawyers manage their daily tasks in one place. The platform supports work like document drafting, review, legal research, translation, and compliance tracking. Instead of switching between different software tools, lawyers can use Lucio to handle all major tasks within a single system. It is already working with over 200 organizations and has more than 3,000 lawyers using its platform across nine jurisdictions.

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Exclusive: Ziffi Chess raises over $5 Mn led by Tanglin Venture

EntrackrEntrackr · 2m ago
Exclusive: Ziffi Chess raises over $5 Mn led by Tanglin Venture
Medial

Exclusive: Ziffi Chess raises over $5 Mn led by Tanglin Venture Ziffi Chess, a 2 min chess format game, has secured Rs 44.2 crore ($5 million) in its Series A round led by Tanglin Venture Partners along with participation of existing investors India Quotient, DeVC and others. Previously, Ziffi raised around Rs 7.3 crore in Seed round across 2 tranches from India Quotient, DeVC and few other angel investors. However, the company did not disclose both funding rounds (nearly $6 million) in the media. The board at Ziffi Chess issued 3,792 Series A CCPS and an equity share at an issue price of Rs 1,16,583 each to raise the aforementioned amount, as per its regulatory filing with the Registrar of Companies (RoC). New investor Tanglin Venture Partners spearheaded the round with Rs 34.4 crore (around $3.9 million) followed by existing investor India Quotient via IQ Alpha IV who invested Rs 8.6 crore. Remaining amount covered by DevC, Symphysis LSV LLP and Rohan Nayak. According to Entrackr’s estimates, the Gurugram-based company is currently valued at Rs 206 crore or $23.5 million post-allotment. Following the allotment of this round, Tanglin Venture Partners holds a 16.67% stake in the company, while India Quotient owns 15.2%. The two co-founders, Akshat Bansal and Aditya Dubey together retain a 53.54% stake. Founded in 2023 by IIT-B alumni Akshat Bansal and Aditya Dubey, who previously led the quick-commerce pivot at Blinkit, Ziffi Chess brings a fresh take on the game with its unique 2-minute, 6-move format. It allows players to compete in quick matches and win cash rewards. While games can be played for free, the tournament mode features a prize pool of Rs 350. After the government’s blanket ban on real-money online gaming, Ziffi Chess now allows users to play matches free of cost. Earlier, it charged an entry fee starting from Rs 10, according to a review on the App Store. In Ziffi’s first year of operations in FY24, it recorded an operating revenue of Rs 1.5 lakh while its expenses recorded at Rs 87.65 lakh. During the period, the company incurred a loss of Rs 86 lakh.

Legal tech startup Nyayanidhi raises $2 Mn led by 3one4 Capital

EntrackrEntrackr · 6d ago
Legal tech startup Nyayanidhi raises $2 Mn led by 3one4 Capital
Medial

Nyayanidhi, a technology company building litigation operating systems, has raised $2 million in a seed funding round led by 3one4 Capital, with participation from DeVC, PeerCheque, Force Ventures, and angel investors including Nishchay Ag, co-founder of Jar. The proceeds will be used to expand its network of advocate partners, strengthen AI infrastructure, deepen government partnerships, and scale operations across more states, Nyayanidhi said in a press release. Co-founded in 2024 by Adithya LHS, Chakshu Masagali, and Pratik Pany, Nyayanidhi uses AI and automation to make legal documentation, translations, and filings ten times faster and more reliable. By standardizing processes and maintaining quality controls, the company aims to build trust in the dispute resolution process, enabling cases to be handled with greater precision and accountability. Its partner advocates bring deep legal expertise, sectoral insight, and procedural mastery, while its oversight ensures clear and outcome-focused delivery of legal services. According to market research, India’s legal system currently has more than 50 million pending cases and 20 million new filings each year. Nyayanidhi says it continues to see early success through pilots within High Courts, enterprise partnerships, and multilingual drafting support. The platform claims to have processed thousands of litigation cases, reflecting successful adoption across diverse legal contexts.

Cleevo raises $1 Mn in seed round led by Eternal Capital

EntrackrEntrackr · 5m ago
Cleevo raises $1 Mn in seed round led by Eternal Capital
Medial

Home hygiene startup Cleevo has raised $1 million in its seed funding round led by Eternal Capital. The round also saw participation from Zeca Capital, DeVC, Utsav Somani (iSeed), Suhail Sameer (OTP Ventures), Sumit Jalan, Ajay Kumar (Action Tesa Group), Alok Mittal (Indifi), and members of the Venture Garage Network. The proceeds will be used in R&D, and grow across digital, B2B, and select international channels. Founded by Mayank Jain and Karan Shah, Cleevo develops concentrate-based cleaning products aimed at reducing packaging waste, shipping costs, and emissions. The brand offers non-toxic formulations produced at its in-house R&D and manufacturing facility. Its products are distributed through platforms including Zepto, Amazon, Flipkart, and the company’s D2C website. Jain has positioned Cleevo as a brand focused on low-waste formats and affordability. Cleevo’s floor cleaner concentrate is priced at Rs 350 for 5 litres, compared to Rs 800 for conventional products of similar volume.

HealthCRED raises $1.2 Mn in seed round

EntrackrEntrackr · 1y ago
HealthCRED raises $1.2 Mn in seed round
Medial

B2B healthcare financing startup HealthCRED has raised $1.2 million in its seed round led by Antler India, TRTL VC, DeVC, iSeedVC and Angel List India. The round also saw participation from angel investors including Dr. Subho Ray (President, IAMAI), Nitin Gupta (CEO, Uni Cards), Amit Lakhotia (CEO, ParkPlus) and founders of InsuranceDekho and SEA-based Docquity. The proceeds will be used to enhance customer relationships and expand operations to the Southern and Western parts of the country. The firm will also hire fresh talents and develop B2B loan onboarding and loan management systems. Founded in 2022 by Shrey Jain and Arpit Jangir, HealthCRED provides swift, comprehensive, and adaptable financing solutions tailored for the healthcare sector. Delhi-based HealthCRED partners with hospitals, specialised healthcare service providers (HSPs across nephrology, oncology, and diagnostics), insurers, and pharmaceutical and consumable supply chain partners to deliver financing solutions.

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