Mumbai based Presolv360 is in the final stages of securing $4.7 million (₹41 crore) in funding, with Elevation Capital leading the round, according to people familiar with the matter. Existing investor MGA Ventures and several angel investors are also participating.
While Presolv360 has not issued an official statement, corporate filings reviewed by a publication confirm the funding details. The investment is part of what appears to be Presolv360’s Series A round.
Founded in 2017 by Aman Kailash Sanghavi, Bhaven Tarunkumar Shah and Namita Vijay Shah, Presolv360 is an online dispute resolution platform that uses technology to facilitate mediation, arbitration and other alternative dispute resolution methods. The platform’s services include negotiations, mediation and arbitration. Its advisory board features prominent legal figures such as former Chief Justice of India UU Lalit, retired Justice BN Srikrishna and Justice K Kannan.
This funding comes nearly three years after Presolv360 raised $1 million in seed capital from MGA Ventures, Omidyar Network India and a group of angel investors. Presolv360 competes with other online dispute resolution platforms such as CADRE ODR, Sama and JustAct.
Online dispute resolution, or ODR, allows individuals and businesses to settle disputes digitally through video calls, emails or dedicated platforms, removing the need for in-person meetings or court appearances. As businesses increasingly operate online, ODR is becoming a preferred choice due to its speed and cost efficiency.
The sector has been attracting growing investor interest. According to industry data, Sama has raised $188,000 from Campus Fund and other investors. In April, the Securities and Exchange Board of India released a draft circular proposing wider adoption of ODR mechanisms in the securities market.
The ODR market in India is expected to grow at a compound annual growth rate of 30 per cent from 2023 to 2027, driven by rising demand for quick, accessible and technology enabled dispute resolution solutions.
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