Exclusive: Presolv360 To Raise $4.7 Mn From Elevation Capital, Others

Mumbai-based Presolv360 is raising funding from Elevation Capital, multiple people aware of the matter told Inc42 on the condition of anonymity.

“The round is almost closed, and Elevation Capital is leading the round,” said a person aware of the matter to Inc42.

The round also saw participation from its existing investors, MGA Ventures, along with a host of angel investors.

While a questionnaire sent to Presolv360 didn’t elicit any response till the time of publishing this story, Presolv360’s MCA documents confirmed that the startup is raising INR 41 Cr ($4.7 Mn) in what seems to be its Series A round from Elevation Capital.

PreSolv, founded by Aman Kailash Sanghavi, Bhaven Tarunkumar Shah and Namita Vijay Shah in 2017, is an online dispute resolution platform that offers technology-driven services to resolve disputes through mediation, arbitration, and other alternative dispute resolution (ADR) methods to its clients.

As per its website, the startup’s offering includes negotiations, mediation, and arbitration, among others. The startup’s advisory council includes former Chief Justice of India Justice U.U. Lalit, retired judge – Justice B.N. Srikrishna, and Justice K. Kannan, among others.

The fresh round comes almost three years after it had bagged $1 Mn in its seed funding from MGA Ventures, Omidyar Network India, and several other angel investors.

It competes with platforms such as CADRE ODR, Sama and JustAct, among others.

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