RTIwala, a Seoni Malwa based legaltech startup has raised funding of ₹ 2.5 million from Pontaq VC, the transaction was facilitated by NGIS-STPI, Bhopal. The company will use the funds to expand the team and enhance the product. This momentous development not only marks a significant milestone for RTIwala but also stands as a testament to the potential of village-level startups in India, particularly during challenging times and further bolstered the Startup India Mission of the Government of India.
RTIwala helps individuals and organizations in getting valuable information and records from governments in a simple, fast and affordable manner. And, it started as a blog and pivoted the business model to a service-based startup in Jan 2019 and last year it further transformed into a product-based startup. In India, where only 5% population has exercised their Right to Information so far. RTIwala is bridging the gap by digitalizing and super-simplifying the process of filing the RTI apps and appeals. Along with creating a searchable database of public records.
Founded by the husband-wife duo Sumeet Mahendra and Kritika Shrivastava Mahendra, RTIwala, owned by Praantech Media Private Limited and headquartered at Tehsil: Seoni Malwa, Distt – Narmadapuram. “We firmly believe in the power of information to drive positive change and empower our fellow citizens,” said Sumeet Mahendra, Founder and CEO of RTIwala. “Receiving the quarter crore funding from Pontaq VC is a testament to the relentless efforts of our team and the transformative impact we aim to create,” said Kritika Mahendra, Co-Founder and COO at RTIwala.
Pontaq VC, renowned for its investments in technology startups across the UK, India, USA, and Canada, recognizes the groundbreaking vision and potential of RTIwala. The funding provided by Pontaq VC will enable RTIwala to further enhance its services and expand its reach, making access to government information simpler, faster, and more affordable for countless citizens and organizations.
The startup achieved a remarkable feat by tripling its revenue in the last fiscal year, building on the momentum of doubling its revenue for two consecutive years prior. Such consistent and substantial progress highlights the effectiveness of RTIwala’s approach and its commitment to delivering outstanding results. RTIwala’s credibility further bolstered by the unwavering support from Padup Ventures and PIEDS, BITS Pilani, renowned entities known for their support of innovative and impactful ventures. Their backing reinforces RTIwala’s foundation, providing a solid platform for the startup to continue its journey of empowering citizens and organizations alike.