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

EntrackrEntrackr · 3h 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.

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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.

Stackbox raises $4 Mn led by Enrission India Capital

EntrackrEntrackr · 6d ago
Stackbox raises $4 Mn led by Enrission India Capital
Medial

Logistics tech startup Stackbox has raised $4 million in a fresh funding round led by Enrission India Capital. The latest investment will help Stackbox accelerate its product innovation and expand across Southeast Asia while strengthening its footprint in India. The Mumbai-based startup, founded by IIT alumni Sabyasachi, Shanmukha, Venktesh, and Nitin, leverages deep-tech solutions including its AI-powered Warehouse Management System and Transportation Management System to streamline operations in sectors such as FMCG, manufacturing, and e-commerce. Backed by a team with proven expertise in supply chain management and enterprise software, Stackbox has attracted clients among leading FMCG and manufacturing companies seeking efficiency and scalability. Stackbox’s founders said that the funding enables them to “build the digital backbone of tomorrow’s logistics,” supporting intelligent processes from warehouse to last-mile delivery. According to startup data intelligence platform TheKredible, Stackbox has raised over $2 million, including a $1.2 million seed round led by Ecosystem Ventures in August 2021. For the fiscal year ended March 2024, the Bengaluru-based company posted a profit of Rs 6 crore on operating revenue of Rs 25.7 crore.

CRED’s competitor CheQ secures $4.5 Mn

EntrackrEntrackr · 1y ago
CRED’s competitor CheQ secures $4.5 Mn
Medial

B2B credit management platform CheQ has raised Rs 35 crore or $4.2 million in its extended seed round from new and existing investors. The funding for the Bengaluru-based firm came after a gap of 18 months. The board at CheQ has passed a special resolution to issue 12,952 Seed1 cumulative convertible preference shares at an issue price of Rs 26,989 each to raise Rs 35 crore, its regulatory filing accessed from the Registrar of Companies (RoC) shows. 3one4 Capital invested Rs 12.49 crore while Venture Highway Fund and Multiply Ventures pumped in 6.24 crore and 2.08 crore, respectively. Individual investors including Lloyd Dizon Balajadia, Madhav Prakash Sehth, Vishal Gupta, and Deepk Tuli have collectively put in Rs 14.2 crore. As per filings, the company will use these funds for growth, expansion, marketing, and general corporate purposes as decided by the board. In June 2022, CheQ raised $10 million in Seed funding led by Venture Highway and 3one4 Capital. Following the fresh proceeds, 3one4 Capital holds 10.95% of the company while Venture Highway and Multiply Ventures command 11.45% and 2.49% respectively. It’s worth noting that these holdings exclude employee stock options and the firm’s cap table when we factor in the ESOP pool component. According to the startup data intelligence platform TheKredible, the company has been valued at around Rs 451 crore or $55 million (post-money) in the new funding round. Founded in 2022 by Aditya Soni, CheQ helps customers simplify the discovery and management of all credit products and allows you to pay your credit card bill, and EMI on a single platform. The startup has raised $15 million to date including its $10 million seed round led by Venture Highway and 3one4 Capital in June 2022. CheQ remained a pre-revenue stage firm with a revenue of only Rs 2 crore during the fiscal year ended March 2023. However, the losses for the three-year-old firm stood at Rs 19.4 crore in the same period. CheQ competes with fintech unicorn CRED which has secured around $1 billion to date and was valued at $6.4 billion in its last fundraise. According to the startup data intelligence platform TheKredibe, it posted Rs 1,400 crore in revenue with a loss of Rs 1,347 crore during FY23.

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