News on Medial

Litigation funding startups eyeing arbitration and insolvency resolution cases

Economic Times · 4m

Several litigation funding startups in India are offering services in the third-party funding market. These startups, including LegalPay, LitiCap, LegalFund, and FightRight, assist companies in funding costly disputes in sectors like infrastructure, real estate, logistics, media entertainment, and manufacturing. They are primarily funding plaintiffs looking to recover their money but have also started funding defendants in certain cases. These startups aim to provide financial support and find sector expert lawyers for companies involved in disputes. The success of the third-party funding system also depends on courts implementing process-driven case management rules and amending relevant laws. With a large number of pending cases in Indian courts and tribunals, startups see immense potential in this business.