Webnyay Raises Seed Funding from Mumbai Angels and Others for Go-To-Market Strategy and Security Enhancement

• ByStartupStory     |    November 11, 2022

Webnyay, an online SaaS and legal tech platform for dispute resolution and grievance redressal, has acquired an undisclosed sum of Seed capital from Mumbai Angels, a renowned platform for private investments, among others.

Mumbai Angels is a renowned private investment network that has helped over 100 companies exit or acquires the next round of finance. According to a release, the site has 700 investors dispersed across more than 60 global and Indian locations. The acquired capital will be utilized to execute the company’s go-to-market plan by improving product and security and scaling up with AI, ML, and NLP capabilities for quick conflict resolution. The money will also be utilized to develop dispute-resolution capabilities in open networks such as Account Aggregator, ONDC, and OCEN.

Vishwam Jindal and Ishita Jindal co-founded Webnyay with the goal of delivering hassle-free technology for dispute resolution. The idea is to assist companies and government entities in resolving grievances and disputes in an efficient, timely, secure, and cost-effective manner.

“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,” said Vishwam Jindal, co-founder and CEO of Webnyay.

“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,” said Nandini Mansinghka, co-founder and CEO of Mumbai Angels.

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