CADRE ODR, an innovative Online Dispute Resolution (ODR) platform, has received a significant boost in its mission to transform dispute resolution. The company has successfully secured an additional in its ongoing pre-series A funding round, with the investment coming from Share Samadhan, a publicly listed Indian firm specializing in unclaimed investment and asset recovery services. This strategic financial infusion is set to fuel CADRE’s ambitious global expansion plans through its joint venture entity, ResolvCO, with an immediate focus on entering the promising markets of Australia and South Africa.
Accelerating the Evolution of Dispute Resolution Technology
Founded in 2019 by the dynamic engineer-lawyer duo, Kanchan Gupta and Rajneesh Jaswal, CADRE ODR has positioned itself at the forefront of dispute resolution technology. The platform leverages the power of advanced technology, including Artificial Intelligence, to offer legally binding, rapid, and cost-effective solutions for a wide range of commercial and other disputes.
One of CADRE’s key differentiators is its AI-driven approach, which has demonstrably reduced the often protracted resolution timelines associated with traditional judicial methods. The platform boasts an impressive average resolution time of just 45-60 days, a stark contrast to the years it can often take to navigate conventional legal processes.
“With increasing pressure on judicial courts and a greater focus on ease of doing business, CADRE ODR is filling a vital gap,” states Kanchan Gupta, Co-founder of CADRE ODR. “This funding allows us to advance our technology, expand our reach globally, and empower more people to resolve disputes swiftly and affordably.” The platform reports having successfully processed over 12,000 cases spanning diverse sectors such as banking, securities, employment, and general commercial disputes, highlighting its versatility and effectiveness.
Strategic Partnership with Share Samadhan
The investment from Share Samadhan Limited marks a significant strategic alignment for CADRE ODR. Established in 2011, Share Samadhan has established itself as a leading player in India’s unclaimed investment recovery sector. As the only public limited company in this niche, it claims to have assisted over 25,000 clients and facilitated the recovery of more than Rs 600 crore in claims. Additionally, the company offers litigation funding consulting through a subsidiary, demonstrating its deep understanding of the legal and financial landscape.
This investment signifies Share Samadhan’s strategic entry into private markets through a partnership that leverages CADRE’s innovative technology. “CADRE’s platform stands out in the Dispute Resolution as a Service sector, providing a comprehensive, tech-enabled dispute resolution solution with a streamlined legal workflow,” comments Vikash, Co-founder and CEO at Share Samadhan. “This capital injection will enhance CADRE’s development of AI-based tools that improve transparency, accuracy, and user experience in dispute resolution.”
International Expansion Through ResolvCO
CADRE’s ambitious international expansion into South Africa and Australia will be spearheaded through its joint venture with Australia-based Orington & Partners, operating under the brand name ResolvCO. This strategic partnership allows CADRE to leverage Orington & Partners’ local expertise and market understanding in these key regions.
South Africa’s complex business environment presents a significant opportunity for CADRE’s AI-driven platform to offer efficient and cost-effective dispute resolution. Meanwhile, Australia’s tech-forward legal services sector, valued at approximately AUD 25 billion, has already demonstrated a strong inclination towards adopting ODR frameworks.
ResolvCO will focus on addressing the specific needs of these markets, particularly targeting sectors such as e-commerce, government, financial services, and telecommunications, which have shown considerable interest in digital dispute resolution solutions.
partners belief in cadre’s global vision
Kashish Grover, Managing Partner at Orington & Partners, expresses strong belief in CADRE’s global vision, stating, “CADRE’s platform combines legal rigor and technological expertise to serve a global audience to address the critical issue of delayed and costly legal resolutions. We are excited for ResolvCO’s global expansion.”
The newly secured capital will be strategically deployed to further enhance CADRE’s AI capabilities, refine its platform, and effectively execute its market entry strategies in Australia and South Africa. With this funding and strategic partnerships in place, CADRE ODR is well-positioned to establish itself as a global leader in the rapidly evolving online dispute resolution landscape, offering faster, more affordable, and more accessible justice to businesses and individuals worldwide.
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It’s impressive to see CADRE ODR pushing boundaries in legal tech, especially with such fast resolution timelines. Curious to see how the AI component adapts to the regulatory nuances in new markets like Australia and South Africa.