SUMMARY
- CADRE ODR raised $200K in pre-series A funding to offer affordable, AI-powered dispute resolution.
- Co-founded in 2019, CADRE ODR handles 8,000 cases, reducing legal durations to 45-60 days.
- The company expands to South Africa and Australia, partnering with Orington & Partners for growth.
The online dispute resolution (ODR) platform CADRE ODR has raised $200,000 from Rahul Guptan, Ram Bhamidi, Aneesh Garg, Murali Subramanian, and Aprameya Radhakrishna in an ongoing pre-series A funding round.
According to a press release from CADRE ODR, the money raised will be utilized to democratize access to justice by providing a cost-effective, practical, and easily accessible alternative for resolving individual and company disputes.
CADRE ODR, which Kanchan Gupta and Rajneesh Jaswal co-founded in 2019, uses cutting-edge technology to provide legally binding, quick, and affordable resolutions for business and other conflicts. The business can cut dispute resolution durations from traditional techniques to as little as 45–60 days using an AI-powered platform. The platform offered by the company tackles the crucial problem of expensive and protracted legal proceedings.
CADRE offers a complete, technologically advanced dispute resolution solution streamlining the legal process. It claims to have handled close to 8,000 cases involving banking, securities, employment, and business conflicts. To improve dispute resolution’s accuracy, transparency, and user experience, the company intends to further the development of AI-based technologies.
The business claims that it is taking advantage of the growing demand for digital dispute resolution solutions by entering the South African and Australian markets. It has partnered strategically with the Australian consultancy firm Orington & Partners.
The company has raised a total of $114K in three funding rounds, with the most recent being an angel round on April 3, 2024, raising $12K. As of April 3, 2024, its post-money valuation stands at $3.05M. The company has annual revenue of ₹16.5 lakhs ($20.5K) as of March 31, 2023.
