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India has roughly 54 million cases stuck in its courts. Inside many of them is money someone is owed but can't afford to chase.
What if you could invest in that? Back the case, pay the legal bills, and take a cut if it wins. In the US and the UK, this is already a multi-billion-dollar asset class. In India, a handful of funders are trying to build it. But they've run into a strange problem. The same backlog that makes the idea so attractive is also what makes it so hard. Because here, of course you are betting on whether a case wins…but more importantly, you're betting on when.
In a recent edition of our weekly newsletter Ka Ching, The Ken reporter Mutasim Khan looked at who's making this bet, who's putting up the money, and who it's actually helping.
Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.
India has roughly 54 million cases stuck in its courts. Inside many of them is money someone is owed but can't afford to chase.
What if you could invest in that? Back the case, pay the legal bills, and take a cut if it wins. In the US and the UK, this is already a multi-billion-dollar asset class. In India, a handful of funders are trying to build it. But they've run into a strange problem. The same backlog that makes the idea so attractive is also what makes it so hard. Because here, of course you are betting on whether a case wins…but more importantly, you're betting on when.
In a recent edition of our weekly newsletter Ka Ching, The Ken reporter Mutasim Khan looked at who's making this bet, who's putting up the money, and who it's actually helping.
Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.
Creators and Guests
What is Daybreak?
Business news is complex and overwhelming. It doesn’t have to be. Every day of the week, from Monday to Friday, Daybreak tells one business story that’s significant, simple and powerful.
Hosted from The Ken’s newsroom by Snigdha Sharma and Rachel Varghese, Daybreak relies on years of original reporting and analysis by some of India’s most experienced and talented business journalists.