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