Third-Party Funding is funding process by which a third-party financer lends capital to a party in a suit in exchange for a percentage share of the probable award on the outcome of the case. Third-party funding is a mechanism through which individuals who cannot afford the high costs associated with litigation or arbitration, can gain access to justice. More recently, this mechanism has turned into an avenue for large corporations to place their capital as investments. In India, third-party funding has been gaining traction in the last few years due to its potential to level the playing field between parties to a dispute.