India’s leading online dispute resolution and grievance redressal platform, Webnyay raised an undisclosed amount, in its Seed Round led by Inflection Point Ventures, with participation from SucSEED Indovation Fund. The funds raised will be utilized towards scaling up the products, building AI, machine learning, and NLP capabilities, strengthening the security of the platform, and enhancing the capability for resolving disputes in open networks like the Account Aggregator, ONDC, and OCEN networks. Additionally, Webnyay will develop a go-to-market strategy.
Founded in 2020 by Vishwam Jindal, who brings in over 9 years of experience in dispute resolution, public policy, white collar investigations, and sanctions work, along with Ishita Jindal with over 6 years of work experience in product design and management.
Vinay Bansal, Founder, and CEO, of Inflection Point Ventures, says, “Tech startups in the last decade have demonstrated how technology can be used to solve real problems from cab-hailing to grocery delivery within minutes. Judiciary in India too leveraged tech from the start of the pandemic to deliver justice. The comfort and trust to use tech-enabled platforms for Dispute Resolution remain an untapped market largely because of obvious challenges. Webnyay is making a bold move in this segment as a pioneering legal tech platform built in India that has global relevance in Grievance Redressal and Dispute Resolution. As a believer in backing great companies with great founders, Webnyay delivers on this parameter for IPV.”
Webnyay has developed an easy-to-use technology system for grievance redressal and dispute resolution. Webnyay has proprietary technology that allows users to draft legal documents for arbitration without an advocate or external legal help. It is available in multiple languages and has been used to resolve grievances and disputes in numerous sectors including media and entertainment, banking and fintech, healthcare, and eCommerce.