LegalPay launches $5-M fund to aid Indian founders in board disputes

Delhi-based, VC-backed litigation financing company LegalPay has partnered with Florida, USA-based hedge fund Naples Global to launch a USD 5 million fund to support Indian founders to protect their rights in board-related disputes. LegalPay provides non-recourse funding in commercial legal claims in exchange for a share in the final recovery. It is backed by Hedonova, 9Unicorns, LetsVenture, Venture Catalysts and Amity Innovation Incubator, among others.