Legal-tech startup SpotDraft secures ₹3.5 crore seed funding from Hunch Ventures

Must Read

President Ram Nath Kovind appoints new governor for Kerala, Telangana, Himachal Pradesh and Maharashtra

President Ram Nath Kovind appointed new governors for Maharashtra, Kerala, Telangana, Rajasthan, and Himachal Pradesh on Sunday. https://twitter.com/ANI/status/1168037199767457792 Former Union Minister Kalraj...

NRC list for Assam released; Fear looms as 19 lakh people face exclusion

NRC (National Register of Citizens) for Assam has been published at 10 am today. The final list excludes over...

Lateral Entry Era Begins as Union govt. appoints 9 professionals to Joint Secretary posts

The government has appointed its first batch of private professionals to the post of Joint Secretary in various ministries....

SpotDraft, a legal-tech startup based out of Gurgaon, has announced that it has secured ₹3.5 crore in its seed funding round, led by venture capital firm Hunch Ventures.

Apart from Hunch, other investors that participated in the round include Japan-based Spiral Ventures, 500 Startups, Singapore Angel Network and Citrus Payments founder Satyen Kothari.

The company will use the proceeds of this funding round to scale up its business and for marketing the product locally. It will also spend money to bolster the startup’s presence in the contract automation sector.

T founders are also looking at possibility of expanding the scope of SpotDraft’s technology to provide the user with the gist of the ‘good, bad, ugly’ in the contract.

SpotDraft is an Artificial Intelligence-driven end-to-end contract lifecycle management platform. It was launched in January this year by Harvard Law School graduate Shashank Bijapur and Ex Googler Madhav Bhagat.

The platform is currently aimed at small businesses and freelancers to help them draft solid contracts, send automated invoices and payment reminders. Going forward, the AI platform will be able to read through contracts, organise, manage and analyse them.

It aims to help companies manage their legal work at a fraction of the cost and time. The company claims that apart from allowing users to create a contract in less than 10 seconds, it also allows users to sign it online, send automated invoices which are GST compliant, and send payment reminders.

As per the company, whose platform is still in beta phase, claims to have managed to get about 6,000 signups on its platform and processed close to 3,500 contracts.

- Advertisement -

Latest News

Injured Nadal pulls out of final two Laver Cup matches

Geneva, Sep 22 (IANS) US Open champion and tennis star Rafael Nadal withdrew from his matches at the Laver...

Congress, Rahul ‘playing politics’ on J&K, says Shah (Lead)

Mumbai, Sep 22 (IANS) Union Home Minister Amit Shah on Sunday attacked the Congress and its former President Rahul Gandhi in the issue of...

Chinmayanand case: In which both parties are culprits and victims

By Sanjeev Kumar Singh ChauhanShahjahanpur, Sep 22 (IANS) Call it the power of the ubiquitousness of technology. The rape and blackmail of the Shahjahanpur...

Carolina Marin caps comeback from injury with China Open win

Changzhou (China), Sep 22 (IANS) Olympic champion Carolina Marin on Sunday beat Taiwanese former world no.1 Tai Tzu Ying to win a second consecutive...

Modi to address Indian diaspora at ‘Howdy Modi!’

Houston, Sep 22 (IANS) Prime Minister Narendra Modi on Sunday would attend the mega 'Howdy Modi!' event being organised at the NRG stadium here...
- Advertisement -

More Articles Like This