With technology hooking everything about us and breaking our tasks into tiny chunks, two enthusiastic people, Shashank Bijapur and Madhav Bhagat ventured to start up SpotDraft. It is not what you think of commonly, but an extreme out of the box idea that was pulled out as a company.
How Did It Start?
Writing paperwork with a long list of sheets filled with contracts is a very time consuming, and befuddling job to accomplish. Shashank, a Havard school alumnus begot a contract work that was rationally rewarding but was highly burdensome and unnerving. Carnegie Mellon graduate Madhav Bhagat also was rational towards never-ending contract pages to be filled.
Both of them tried out the problem at hand and came up with an AI-based SpotDraft. The sole purpose of its beginning was to lessen the burden on making business contracts.
What Is SpotDraft About?
SpotDraft is an integration of artificial intelligence that manages contract creation and management. It is built with an interface containing attorney scrutinized templates which are legally binding. The platform offers a varied range of specific contract construction methods, drafting templates, content analysis, and end contract management. It is developed to frame completely legalized documents set for a contract in business.
Apart from this, it also has payment procedures, where invoices are generated, payments interfaces are created, tracked and reminders are provided for due dates in payment. The AI is constantly updated about the breaches in the law as well as keeps you well notified about the regulatory filing along with impending deadlines.
Democratizing Legal Paperwork’s
The founder’s main mission was set to make paperwork uncomplicated and pleasant option than being a gruesome and tiring task. Centered in Gurugram Haryana, they are planning to expand their other center in Bengaluru.
The Road Map
SpotDraft is currently targeting the provision of legalized documents very accessible to intermediate and minor scale productions. Catered to meet the sprawling needs of the Indian markets and their paper works. It has seeded fund of $550000 which was led by Hunch Ventures. Apart from them, the prominent other investors of SpotDraft are spiral ventures, 500 start-ups, Singapore angel network as well as Satyen Kothari CEO of cube and founder of citrus payments.
The team is currently looking to become a dominant brand in drafting contracts in Indian as well as Asian markets. Talented team scales up the revenue of SpotDraft and brings it to limelight among the seekers for contract drafting creators.
Get in touch with the team today.