In a Pre-Series A round, led by Almas Capital, Legal tech startup Jupitice has raised $4 Mn.

Raman Aggarwal founded Jupitice in 2019. The company said it has designed and developed an AI, machine learning and blockchain-powered dispute resolution solution.

“The way Jupitice is working towards its vision-Justice for all at their doorsteps by harnessing technology-is commendable. Undoubtedly, it is a brilliant company with extraordinary people behind it. We are very positive about this investment as it is not about a couple of people or team, but the entire machinery,” said Amardeep Sharma, managing director of Almas Capital.

The startup will utilise the funds towards marketing and product development.
Lawyer and journalist Robert K Ambrogi quoted a report in a blog post for Lawsites, according to which investors have put in over $77 Mn in more than 100 early-stage startups in the intersection of tech and justice and justice tech market has grown significantly over the past decade.

Growing at a CAGR of 17.5 per cent during the period, the global legal online dispute resolution market was valued at $57.3 Mn in 2020 and is expected to reach $210.53 Mn in 2028. This growth is expected to be driven by a surge in the number of individuals and parties opting to resolve legal disputes without physical appearances.

“It was not easy to develop a workflow, especially for the Justice sector, which is quite dynamic. It does not merely digitize paper-based processes but transforms for a digital environment that creates new capabilities, which were earlier, not conceivable in the traditional justice system. I would again like to thank the entire team of Almascaps for making the event happen for Jupitice today,” said Raman Aggarwal, founder of Jupitice.

Incorp India has invested $10 Mn in legal tech startup Vakilsearch earlier this year. Vakilsearch offers legal, tax and compliance-based services to small businesses and individuals and was founded in 2014.