Webnyay, India’s leading grievance redressal and online dispute resolution platform, receives Seed funding from Mumbai Angels and others

Webnyay, India’s leading grievance redressal and online dispute resolution platform, receives Seed funding from Mumbai Angels and others

The freshly infused funds will be appropriated for executing go-to-market strategy through product and security enhancement & scale-up with AI, ML & NLP capabilities built-in for efficient dispute resolution   Mumbai, November 09, 2022: Mumbai Angels, a premier platform for private investments, has invested an undisclosed amount in Webnyay, an online SaaS and legal tech platform for grievance redressal and dispute resolution, as a part of Seed funding, along with others. The freshly infused funds will be used for executing go-to-market strategy through product and security enhancement & scale-up with AI, ML & NLP capabilities for efficient dispute resolution. The funds will also be used to build capabilities to deal with disputes in open networks such as Account Aggregator, ONDC and OCEN. Webnyay, with its proprietary platform for grievance redressal and dispute resolution, deploys an easy-to-use UI that enables DTY drafting of legal documents for arbitration by the users without the assistance of advocates and external legal help in low-value B2C disputes. Available in multiple languages, Webnyay’s solutions seek to resolve both B2B and B2C grievances, conflicts, and disputes across diverse sectors, including Media & Entertainment, Banking and Fintech, Healthcare, and e-commerce. Among other features, Webnyay has developed a document management system tailored for lawyers with one-click online filing and service, automated creation of electronic hearing bundles in document-heavy and complex disputes as well as a sophisticated messaging and video conferencing solution that supports online (and hybrid) court and arbitration proceedings. It recently digitized the Tashkent International Arbitration Centre, the largest arbitration center in Central Asia and promoted by the Government of Uzbekistan. Businesses, arbitral institutions, lawyers, and arbitrators from numerous countries have used the platform for managing disputes and conducting their arbitration and mediation proceedings. Its users include the DIFC Courts in UAE, the retired Chief Justice of India, former Supreme Court and High Court judges, global law firms, and arbitrators from across the world.

Nandini Mansighka, Co-Founder & CEO of Mumbai Angels commented on the investment, “The attainment of justice with ease and speed stands within the reach of the common man with the advent of tech-enabled legal platforms like Webnyay. With the vast legal market yet devoid of digital tech interventions coupled with the rising digital readiness of consumers for legal solutions, the platform is set for a rapid growth trajectory.  We wish Vishwam and the team great success in enabling a hassle-free legal ecosystem in India.”

Vishwam Jindal, Co-Founder & CEO of Webnyay, is optimistic about the scope of legal technologies in instituting streamlined legal processes. “We are building the justice delivery ecosystem for the internet. We are leveraging technology to make dispute resolution cheaper, faster and less stressful. Today, AI can work alongside lawyers and arbitrators to automate administrative and onerous tasks to bring efficiencies that benefit everyone,” he adds.

Webnyay was co-founded by Vishwam Jindal and Ishita Jindal, who envisioned providing hassle-free technology for dispute resolution. Webnyay’s mission is to help businesses and Government bodies resolve grievances and disputes in an efficient, speedy, secure and cost-effective manner.

About Mumbai Angels Started in 2006, Mumbai Angels, India’s premier platform for private investment, holds an AUM of USD 130 Mn and a 200+ strong portfolio spanning a wide range of sectors, such as Technology, Consumer, Life Sciences, DefenseTech, SpaceTech, EV, AgriTech, FinTech, EdTech, Gaming, and Content, etc. Of the overall portfolio, the platform has exited/secured the next round of funding for 100+ of them. The platform has 700 investors spread across 60+ Global and Indian cities.