PRESS RELEASE
18 February 2025

IndusLaw Deal Report | Spotdraft

I
CMS INDUSLAW

Contributor

CMS INDUSLAW is a top-tier full-service law firm and the 7th largest in India* with offices in Bengaluru, Chennai, Delhi, Gurugram, Hyderabad and Mumbai, which give it a pan-India presence. With more than 400 lawyers committed to client service, CMS INDUSLAW advises clients globally on Indian law. CMS INDUSLAW supports its clients’ transactional goals, business strategies and regulatory and dispute resolution needs. The CMS INDUSLAW team collaborates across practice areas, sectors and locations, navigating legal complexities and resolving legal issues efficiently for its clients.
Our firm provided strategic advice to Draftspotting Technologies Private Limited (Spotdraft) and its Founders in relation to the Series B fund raise by Spotdraft from certain existing and new investors.
India

Our firm provided strategic advice to Draftspotting Technologies Private Limited (Spotdraft) and its Founders in relation to the Series B fund raise by Spotdraft from certain existing and new investors. The round was led by Vertex and Trident with participation from existing investors being Premji Invest, Unitary Fund, Volrado Venture Partners, Naspers, LogX, Straits Strategic Advisors India LLP.

Deal Value: USD 54 million (approx.)

INDUSLAW Team:

Siddharth Manchanda (Partner), Maitri Parekh (Principal Associate) and Anushka Singh (Associate)

Others advised:

  • MCM Law - Legal counsel to Spotdraft
  • Shardul Amarchand Mangaldas – Vertex Ventures and Trident
  • Khaitan & Co – Premji Invest
  • Peritum Partners- 021 Capital
  • Anoma Legal- Unitary Fund (Arkam)
  • Gunder Law- Prosus

Footnotes

1. https://www.prnewswire.com/news-releases/spotdraft-secures-54-million-to-lead-ai-contract-lifecycle-management-
302374981.html
2. https://www.vccircle.com/tag/draft-spotting-technologies-ltd
3. https://www.marcamoney.com/spotdraft-raises-54-million-in-series-b-funding-led-by-vertex-growth-singapore-and-tridentpartners/
4. https://economictimes.indiatimes.com/tech/funding/spotdraft-raises-54-million-from-vertex-growth-trident-partnersothers/
articleshow/118202628.cms?from=mdr

Contributor

CMS INDUSLAW is a top-tier full-service law firm and the 7th largest in India* with offices in Bengaluru, Chennai, Delhi, Gurugram, Hyderabad and Mumbai, which give it a pan-India presence. With more than 400 lawyers committed to client service, CMS INDUSLAW advises clients globally on Indian law. CMS INDUSLAW supports its clients’ transactional goals, business strategies and regulatory and dispute resolution needs. The CMS INDUSLAW team collaborates across practice areas, sectors and locations, navigating legal complexities and resolving legal issues efficiently for its clients.

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