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Jupitice raises $4 mn from Almas Global Opportunity Fund

Jupitice raises $4 mn from Almas Global Opportunity Fund

Funding News

Jupitice raises $4 mn from Almas Global Opportunity Fund

Jupitice on Thursday said it has raised USD 4 million (about Rs 30 crore) in pre-Series A funding from Almas Global Opportunity Fund. The funds raised will be utilised in product development and global marketing, a statement said.

Founded by Raman Aggarwal, Chandigarh-based Jupitice has designed and developed a ‘justice technology’ platform powered by AI/ML and Blockchain. Almas Global Opportunity Fund (AGOF) is a fund management company based in the Cayman Islands. I am grateful to the entire team of Almascaps for showing such confidence, trust, and belief in a project, which is basically a new space in the technology sector (JusTech). The entire team of Jupitice and I would like to appreciate Almascaps for their confidence and decision to invest in our technology,” said Raman Aggarwal, Founder and CEO of Jupitice.

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He noted that it was not easy to develop a workflow, especially for the Justice sector, which is quite dynamic. “It does not merely digitise paper-based processes but transforms processes for a digital environment that creates new capabilities, which were earlier, not conceivable in the traditional justice system, he added. Recently, Jupitice presented its platform to the members of APEC (Asia-Pacific Economic Cooperation), an inter-governmental forum for 21 member economies in the Pacific Rim.

The way Jupitice is working towards its vision – Justice for all at their doorsteps by harnessing technology – is worth commendable. Undoubtedly, it is a brilliant company with extraordinary people behind it. We are very positive about this investment as it is not about a couple of people or team, but the entire machinery, Amardeep Sharma, Managing Director of Almas Global Opportunity Fund, said.

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  1. Pingback: India can generate USD 813 bn in revenues from agri, food sector by 2030: Report

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