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SpotDraft: Contracts drafted at a click

The total addressable global legal technology market is estimated at $80 billion

SpotDraft co-founders Madhav Bhagat (left) and Shashank Bijapur
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SpotDraft co-founders Madhav Bhagat (left) and Shashank Bijapur

Nirmalya Behera
Contracts govern important business relationships. Businesses spend hours on drafting and negotiating these. Nitish V, an interior designer, had faced similar problems while trying to manage billing, reminders, payments and working at the same time. Not any more, after opting  for SpotDraft, a  Gurugram-based  legaltech start-up, he says he’d “highly recommend” to others.

Founded this January by Madhav Bhagat, an ex-Googler, and Shashank Bijapur, a Harvard Law School alumnus, with the help of artificial intelligence (AI), it automates every aspect of what is known as contract lifecycle management. It recently raised a seed funding round of $550,000 (Rs 3.57 crore), with