Get All Access for $5/mo

Oddr Raises $2 Million In Seed Funding The fund raised will be used to build the flagship product, AI-powered invoice to cash platform for professional services

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

Legal tech platform Oddr has raised $2 million in a Seed funding round led by Saama Capital and Twin Ventures. The round also saw participation from angels in the US, Singapore and Germany. The fund raised will be used to build the flagship product, AI-powered invoice to cash platform for professional services which includes law firms, accounting firms, consulting firms and financial services firms.

"We are aiming to solve a big problem for the professional services sector globally. Invoice to Cash process in professional services firms today is manual, fragmented, and cumbersome resulting in high days sales outstanding (DSO), high write-offs and painfully high operating overheads. This space is ripe for disruption through innovation. Oddr is the first industry cloud platform that unifies billing, collections and payments in a single platform. It also helps firms streamline invoice to cash processes through AI, automation and data driven approach. Our aim is to touch an ARR of $1 million in the next 18 to 24 months as we enter international markets," said Milan Bobde, co-founder and CEO, Oddr.

To accelerate MVP and customer acquisition, Oddr has entered into a strategic partnership with key industry product companies in the professional services vertical. Oddr has also multiple clients committed to build and run the MVP with an aim to achieve PMF in the next 2 quarters, claimed by the company in a statement.

Founded in 2022 by Milan Bobde, Sumit Garg and Saurabh Mehra, Oddr is a legal tech startup aiming to simplify and reduce complexities in the invoice to cash processes at law firms.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
News and Trends

"45% of All Ongoing Hydropower Projects in India are Ours": Patel Engineering

Patel Engineering reported a turnover of INR 4,400 crore in the last fiscal year, with a projected 10 per cent growth for the current year.

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

News and Trends

Broadcom Stock Soars on AI Growth Outlook

Broadcom's next-generation AI chips, built with advanced 3-nanometer technology, are set to debut in the spring

Leadership

Should I Stay or Should I Go? 8 Key Points to Navigate the Founder's Dilemma

Here are eight key signs that help founders determine whether to persevere or let go.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Leadership

Visionaries or Vague Promises? Why Companies Fail Without Leaders Who See Beyond the Bottom Line

Visionary leaders turn bold ideas into lasting impact by building resilience, clarity and future-ready teams.