is a service that has a potential market
world wide. Raising pendency of cases in the Courts make ADR the wise choice
for most litigants. With millions of transactions being booked online
every second, the "Dispute" industry if it is recognized as such is
growing as fast as the E Commerce industry. To expect these digital
clientele to settle their disputes through physical courts and even ADR
(Alternate Dispute Resolution) services in the physical space is
foolish....unless there is no Cyber Space alternative for dispute
ODR Global tries to fill in this void as
the solution for cyber space dispute resolution requirements. Potential
demand is therefore huge enough to be attractive for investment.
In countries where ADR is an accepted way of dispute
resolution, it should be not difficult to convince the users of the benefits
of Arbitraion.in service. Here the problem is jsut transforming ADR industry
Where ADR is yet to take off or is in its
nascent stages of development, there is a need to first
promote ADR and then market ODR. We presume India falls into this category.
Internet penetration and IT usage competency of Arbitrators and Litigating parties
will also determine the market for ODR Global. With improving supply of
broad band services and alround increase in the use of IT by legal
practitioners, the market players are getting ready. Even otherwise, ODR
Global has some solutions to accelerate the IT infrastructure
availability to the Arbitrator community if there is a need.
the time to develop market depends on the efforts to market the concept of
ADR and then the ODR and ODR Global has necessary plans for such conversion.
The Technical and Administrative
requirements on the other hand can be scaled up in no time and is not a
The long term prospects of the service appear
to be very attractive. Further, the project will not have large gestation period with large upfront
losses typical of a "Start Up" project. This project is planned to break
even in the first year and a steady growth subsequently. Once the funding is
available, aggressive market can throw open opportunities in quick time.
Investors who are comfortable with such projects may consider joining hands
with Ujvala Consultants Pvt Ltd.
ODR Global is one of the projects from among the various initiatives launched by
Naavi and hence there are other related projects including CEAC which can
also be harnessed globally along with ODR Global. Some of these projects
have the characteristics of the typical Start Up projects involving high
volume products or services with upfront investments and amenable to quick
valuation appreciation even during the gestation period.
Naavi is a well rounded professional with Financial and Marketing expertise
in addition to the domain expertise. He can lead the project to higher
levels with the support of other young entrepreneurially oriented
professionals. Hence Investors who could take part in the project as joint
promoters are also welcome to join hands.
ODR Global is yet to formalize the corporate structure and issue equity
for the stake holders. Presently, the stakeholders recognized for
ODR Global are as follows: