Online Dispute Resolution Startup Sama Raises Seed Funding
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Sama, a legal tech company enabling government bodies, companies and individuals to resolve their legal disputes online, has raised an undisclosed amount from Campus Fund in a seed funding round.
As per the startup, it will use the seed funds to expand its market presence, scale the core team and accelerate product development.
Sama | Online Dispute Resolution
Co-founded by Akshetha Ashok, Pranjal Sinha, and Vikram Kumar, Sama leverages sophisticated technology and a network of skilled professionals to resolve disputes between businesses and customers, employers and employees, landlords and tenants, professionals and clients, or anyone else – fully online, in a fast and cost-effective manner.
Speaking about online dispute resolution, Akshetha Ashok, Sama’s Co-founder, said,
“We believe that ODR (online dispute resolution) is the future of the justice system. Our vision is a world where anyone who files a case receives due care and attention, as well as a fair and equitable outcome in a quick and cost-effective manner.”
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As per the startup, as of May this year, the Indian judicial system had more than 47 million cases pending in various courts—the subordinate courts had a backlog of almost 41 million cases. There were some 6 million cases in the high courts and more than 70,000 cases in the Supreme Court.
Online dispute resolution enables government bodies, enterprises and individuals to avail of technological tools that will assist them to resolve their disputes in a cost-effective way.
Commenting on the development, Ambika Pande, student investment partner at Campus Fund who was a part of the deal, said,
“The solution that Sama team has built is a crying need of the hour, not only in India but across the globe. It gives them a strong advantage to be the first movers and create an alternative judicial ecosystem in the country.”
In late 2021, Niti Ayog released an online dispute resolution Policy Plan for India to lay the foundation for the next leg of the Indian judicial system. It recommended mandatory ODR for certain categories of disputes.
Additionally, it suggested that further digitisation and innovation in existing legal processes along with the introduction of a regulatory framework for mediation and e-mediation will reduce the burden on traditional courts.
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