Sarthak Advocates & Solicitors has advised LegalPay, a New Delhi-based litigation funding startup to secure undisclosed seed funding from venture capital fund 9Unicorns. LegalPay is pioneering India's third-party litigation finance platform that helps entities/businesses ease the financial burden of litigation cases such as shareholder and intellectual property rights (IPR)-related disputes. It focuses mostly on late-stage cases or those that are nearing closure with a financial requirement of Rs 20 lakh to Rs 3.5 crore. Early-stage investor LetsVenture and Ambarish Gupta, founder of New York-based private equity fund Basis Vectors and founder of Knowlarity, also participated in the financing.
The deal was led by the Managing Partner Abhishek Nath Tripathi along with Principal Associate Anubhav Tiwari, and Associate Narayan Gupta.
9Unicorns was led by India Juris.
Sarthak Advocates & Solicitors is a law firm with strong focus on corporate and commercial laws, advising our clients on their transactions, disputes and projects. The Firm has been working closely with the financial advisors to the clients in providing assistance in seamless and quick financial closures. The Firm has been advising on power and infrastructure projects in Senegal, Nepal, Bhutan, and Maldives, besides projects in India. The Firm has recently become the first Indian law firm to sign the Mindful Business Charter (MBC). MBC is a collaboration between leading banks and law firms to promote mental health and wellbeing at workplaces by removing unnecessary sources of stress. The signatories to MBC include institutions such as Barclays, Goldman Sachs, Clifford Chance, DLA Piper, Allen and Overy. The Firm also supported an initiative co-founded by its Partner Ms. Mani Gupta, Samvedna, which organised talks with experts on issues affecting the mental health of the legal fraternity. The Firm also implemented a pilot programme with EarthMiles for its workforce so that they could collaborate with each other in activities to improve physical and mental wellbeing