Presolv360, an Online Dispute Resolution platform that offers technology-driven new-age solutions for resolving disputes, has raised $1.08 mn seed funding from MGA Ventures (Ashra Family Office), Omidyar Network India. The round also saw participation from family offices like Inspira Enterprises, M Pallonji, Jeena and Co., Fine Fragrances, and other angel investors.
The company said that fund will use to developing and integrating newer technologies and team expansion across tech, data and business development.
“ODR not only provides disputing parties a fair chance to resolve their disputes online from anywhere across the world, but it also ensures greater participation resulting in higher settlements, trust-building and satisfaction.” Bhaven Shah, Co-founder, Presolv360, said.
Founded by Bhaven Shah, Namita Shah, and Aman Sanghavi, Presolv360 is a platform that puts into practice a unique approach to resolve commercial disputes at virtually zero cost. This is possible by blending technology, human expertise and innovation to provide a quick, effective and enforceable outcome.
“ODR is a game-changer on how one perceives and approaches the process of dispute resolution in India as compared to the traditional court process. We believe that Presolv360 is building a comprehensive, scalable, and proprietary technology platform led by data-driven solutions and machine learning for ODR in India.” Gautam Ashra, Partner, MGA Ventures, said.
Through its proprietary Arbitration360 and Mediation360 module, Presolv360 is securely resolving disputes end-to-end online within a timeframe ranging from a few hours to a few weeks.
“We believe Presolv360’s digital platform will empower businesses and citizens to resolve their disputes at-ease and in an affordable manner.” Shilpa Kumar, Partner, Omidyar Network India, said.