# SpotDraft

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/spotdraft

- Industry: Software
- Headquarters: Gurgaon, India
- Website: www.spotdraft.com
- Total disclosed funding: $135M
- Latest round: Series B (Jan 27, 2026)
- Investors on record: 19

## About

Draftspotting Technologies Private Limited, doing business as SpotDraft based in India, specializes in advanced contract management solutions, optimizing and centralizing the contracting process for businesses through innovative technology. SpotDraft  founded in 2017 in Bangalore, India, provides a platform that enhances contract management for various industries. The company was co-founded by Madhav Bhagat, Riddhi Kanoi, Rohith Salim, and Shashank Bijapur, with Shashank Bijapur currently serving as CEO.In January 2026,  SpotDraft raised USD 8 million in series B funding from Qualcomm Ventures.The round was a larger part of USD 62 million series B funding. SpotDraft offers a comprehensive contract management solution designed to streamline the entire contracting process for businesses of all sizes. The core product integrates features such as intelligent contract data management, negotiation intelligence, and secure e-signatures, enabling companies to effectively manage their contracts from creation to execution in a centralized repository. SpotDraft's smart data capture automatically extracts critical metadata and advanced details from contracts, facilitating efficient searches and retrievals. The platform serves diverse industries, including SaaS, EdTech, FinTech, HR Tech, and HealthTech, targeting legal teams, sales departments, procurement officers, and human resources. In the most recent fiscal year of 2023, Draftspotting Technologies reported revenue of INR 2,327,566.10 and an EBITDA of INR -8,269,156.20, reflecting its ongoing investment in growth and product development. The company will use the January 2026 funding to strengthen its product and AI capabilities and expand its enterprise presence across key global markets.

## Funding rounds

- Series B, Jan 27, 2026, $8M — Qualcomm Ventures
- Series B, Feb 12, 2025, $54M — PremjiInvest, Prosus Ventures, Xeed Ventures, Vertex Growth, Arkam Ventures, Trident Growth Partners
- Series B, Dec 5, 2024, $56M — PremjiInvest, Volrado Venture Partners, Prosus Ventures, Xeed Ventures, Vertex Growth, Arkam Ventures, LogX Ventures, Trident Growth Partners
- Series A, Mar 17, 2023, $9.3M — Blume Ventures, PremjiInvest, Prosus Ventures, Xeed Ventures, Arkam Ventures, LogX Ventures, 100x entrepreneurs, Riverwalk Holdings, AL trust
- Series A, Aug 24, 2022, $7.7M — Prosus Ventures
- Seed, Dec 31, 2021 — Neon
- Seed, Oct 6, 2017, $0.5M — 500 Global, Citrus Payment Solutions Private Limited, Spiral Ventures, Singapore Angel Network, Hunch Ventures

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Citrus Payment Solutions Private Limited — Seed
- Spiral Ventures (https://capitalatlas.ai/funds/spiral-ventures) — Seed
- Singapore Angel Network (https://capitalatlas.ai/funds/singapore-angel-network) — Seed
- Hunch Ventures (https://capitalatlas.ai/funds/hunch-ventures) — Seed
- Neon — Seed
- Prosus Ventures (https://capitalatlas.ai/funds/prosus-ventures) — Series A, Series B
- Blume Ventures (https://capitalatlas.ai/funds/blume-ventures) — Series A
- PremjiInvest (https://capitalatlas.ai/funds/premjiinvest) — Series A, Series B
- Xeed Ventures (https://capitalatlas.ai/funds/xeed-ventures) — Series A, Series B
- Arkam Ventures (https://capitalatlas.ai/funds/arkam-ventures) — Series A, Series B
- LogX Ventures — Series A, Series B
- 100x entrepreneurs — Series A
- Riverwalk Holdings (https://capitalatlas.ai/funds/riverwalk-holdings) — Series A
- AL trust — Series A
- Volrado Venture Partners (https://capitalatlas.ai/funds/volrado-venture-partners) — Series B
- Vertex Growth (https://capitalatlas.ai/funds/vertex-growth) — Series B
- Trident Growth Partners (https://capitalatlas.ai/funds/trident-growth-partners) — Series B
- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Series B