Episode 37 of Shark Tank India aired with sharks—Anupam Mittal, Namita Thapar, Aman Gupta, Ritesh Agarwal, and Amit Jain. The episode begins with a pitch from the founders of Sama, a web-based dispute decision platform. Pranjhal Sinha, Akshetha Maithri Ashok, and Vikram Kumar pitched their concept in entrance of sharks and sought an funding of $120 thousand (1 Crore) for 1% fairness.
Sama is a web-based dispute decision (ODR) platform that facilitates on-line authorized dispute decision. With a imaginative and prescient of out-of-court settlements, Sama follows the method of on-line arbitration and mediation to unravel disputes. Founders highlighted that Sama’s authorized group consists of three,000 plus arbitrators and mediators who’ve solved round 3.5 million circumstances up to now.
Additional, they claimed that Sama solely takes as much as 3 months to unravel the dispute. With their tagline “Suljhao Magar Pyaar Se” (Resolve it with love), they offered a demo to the sharks showcasing the platform’s performance. In 2019, Sama clinched victory within the E-ADR problem organized by ICICI Financial institution and Agami after which secured a contract with ICICI Financial institution as their ODR companion.
After deliberation, the founders sealed the cope with sharks Aman, Namita, and Ritesh, agreeing to a $120K funding for 1.5% fairness.
Sama Authorized on Shark Tank India season 3: Every part it’s worthwhile to know
To develop into a Mediator in Sama, a candidate should bear three important steps—ODR coaching, a psychological interview, and three months of teaching. Based on the founders, the platform’s largest use circumstances embrace loans, insurance coverage, and e-commerce disputes.
In comparison with the 31% authorized value incurred in courtroom disputes, Sama expenses a nominal payment relying on the declare quantity. The Sama’s declare quantity slab has been given under:
- As much as $1207 (1 lakh) — $12 (Rs. 1,000)
- $1207 – $2414 (1 lakh – 2 lakh) — $18 (Rs. 1,500)
- $2414 – $3621 (2 lakh – 3 lakh) — $24 (Rs. 2,000)
- As much as $24K (20 lakh) — as much as $48 (Rs. 4,000)
Sama’s platform presents numerous dispute decision providers akin to On-line Mediation, On-line Arbitration, and On-line Lok Adalat.
People can go to their official web site if they’re concerned with availing of Sama’s providers. Keep tuned for extra updates associated to Shark Tank India.
