When was Spotdraft founded?

Spotdraft was founded in 2017 and raised its 1st funding round within a year of its incorporation.

Where is Spotdraft located?

Spotdraft is headquartered in New York City, United States. It is registered at 944, BLOCK-C, SUSHANT LOK PHASE-1, Gurgaon, GURUGRAM, Haryana, India, 122001.

Who is the current CEO of Spotdraft?

Shashank Bijapur of Spotdraft. They have also founded 1 company and are an angel investors in 1 startup.

Which legal entities is Spotdraft associated with?

Spotdraft is associated with DRAFTSPOTTING TECHNOLOGIES PRIVATE LIMITED and 1 other.

How many employees does Spotdraft have?

As of Feb 28, 2025, the latest employee count at Spotdraft is 234.

Is Spotdraft a funded company?

Spotdraft is a funded company, having raised a total of $113M across 12 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 06, 2017.

How much is Spotdraft worth?

The latest valuation of Spotdraft is $***** as of Dec 05, 2024.

When was the latest funding round of Spotdraft?

Spotdraft's latest funding was a $***** Series B round on Jan 27, 2026, with participation from 1 investor.

What is the annual revenue of Spotdraft?

Annual revenue of Spotdraft is ₹121Cr as on Mar 31, 2025.

Where does Spotdraft rank among its competitors?

Spotdraft ranks 10th amongst 3974 active competitors, of which 361 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Spotdraft, which secured $8M in Jan, 2026.

Who are the top competitors of Spotdraft?

Spotdraft's top competitors include HubSpot, DocuSign and Salesforce. Among them, Spotdraft secured the most recent funding round in January, 2026.

Spotdraft - 2026 Company Profile, Team, Funding, Competitors & Financials

Spotdraft is a series B company based in New York City (United States), founded in 2017 by Rohith Salim, Madhav Bhagat, Shashank Bijapur and Riddhi Kanoi. It operates as an AI-powered contract lifecycle management solution for companies. Spotdraft has raised $113M in funding from investors like Angel List, Premji Invest and Blume Venture, with a current valuation of $*****. The company has 3974 active competitors, including 361 funded and 218 that have exited. Its top competitors include companies like HubSpot, DocuSign and Salesforce.

Company Details

AI-powered contract lifecycle management solution for companies. It streamlines the drafting, signing, and management of contracts for businesses. The platform offers a shared space to review, redline, and finalize contracts. It provides a repository that allows users to consolidate and store contracts. Its analytics feature provides insights into the contracting process and supports the decision making process.

Website: www.spotdraft.com/
Social
Email ID: *****@spotdraft.com
Registered Address: 944, BLOCK-C, SUSHANT LOK PHASE-1, Gurgaon, GURUGRAM, Haryana, India, 122001

Key Metrics

Founded Year

2017

Location

New York City, United States

Stage

Series B

Total Funding

$113M in 12 rounds

Latest Funding Round

Series B, Jan 27, 2026, $*****

Post Money Valuation

$***** as on Dec 05, 2024

Investors

Angel List & 57 more

Ranked

10^th among 3974 active competitors

Annual Revenue

₹121Cr as on Mar 31, 2025

Employee Count

234 as on Feb 28, 2025

Similar Companies

DocuSign & 493 more

View Spotdraft's full profile

Spotdraft is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
DRAFTSPOTTING TECHNOLOGIES PRIVATE LIMITED CIN: U72200HR2017PTC068652 , India, Active	Apr 19, 2017	$14.4M (As on Mar 31, 2025)	297 (As on Jul 01, 2025)
SPOTTING INC. CIN: 20211796499 , United States, Active	Aug 27, 2021	-	-	-

Spotdraft has raised a total funding of $113M over 12 rounds. Its first funding round was on Oct 06, 2017. Its latest funding round was a Series B round on Jan 27, 2026 for $*****. 1 investor participated in its latest round. Spotdraft has 33 institutional investors and 25 angel investors.

Here is the list of recent funding rounds of Spotdraft:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 27, 2026	9407423	Series B	8268213	7094268	4925711	9405466
Feb 12, 2025	5937787	Series B	9690010	7356204	9510282	Xeed Ventures & 4 more
Dec 05, 2024	1544708	Series A	5365883	3494554	2367848	Xeed Ventures & 2 more

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View details of Spotdraft's funding rounds and investors

The founders of Spotdraft are Rohith Salim, Madhav Bhagat, Shashank Bijapur and Riddhi Kanoi. Shashank Bijapur is the CEO of Spotdraft.

Here are the details of Spotdraft's key team members:

Rohith Salim: Former Co-founder & Chief Product Officer of Spotdraft and founder of 1 other company. They are also an angel investor in 1 startup and serve on the board of 1 company.
Contact Info: 1 email address
Madhav Bhagat: Co-Founder & CTO of Spotdraft. They are also an angel investor in 1 startup and serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Shashank Bijapur: Co-Founder & CEO of Spotdraft. They are also an angel investor in 1 startup and serve on the boards of 2 companies.
Contact Info: 1 email address
Riddhi Kanoi: Founders’ Office | Strategy of Spotdraft.

Spotdraft's Board of Directors

Spotdraft's board has 7 active members. Sailesh Tulshan, Rohith Salim, Madhav Bhagat, Shashank Bijapur, Balaji Srinivasan, Akshay Ullal Kini and Umakant Kashinath Bijapur are part of team.

Here is the list of Spotdraft's board of directors:

Name	Type	Representing	Status	Duration
Madhav Bhagat	Team	-	Current	7y 8m
Shashank Bijapur	Team	-	Current	9y 1m
Umakant Kashinath Bijapur	Team	-	Current	9y 1m
aagatly	Team	-	Past	5y 3m
Sailesh Tulshan	Investor	-	Current	5y 4m
Akshay Ullal Kini	Investor	-	Current	1y 6m
qygzsqm	Investor	-	Past	6y 3m

View details of Spotdraft's Founder profiles and Board Members

Spotdraft's employee count trend

Spotdraft has 234 employees as of Feb 25. Here is Spotdraft's employee count trend over the years:

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Top competitors of Spotdraft include HubSpot, DocuSign and Salesforce. Here is the list of Top 10 competitors of Spotdraft, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	HubSpot 2005, Cambridge (United States), Public	Provider of a platform offering marketing, sales, and customer service software	$101M	Cross Creek, Google Ventures & 22 others	88/100
2nd	DocuSign 2003, San Francisco (United States), Public	Provider of electronic signature and intelligent agreement management platform solutions	$520M	Ignition Partners, Frazier Technology Ventures ... & 87 others	87/100
3rd	Salesforce 1999, San Francisco (United States), Public	Provider of a platform delivering customer relationship management and cloud solutions	$52M	New Enterprise Associates, Emergence Capital ... & 35 others	87/100
4th	Coupa 2006, San Mateo (United States), Acquired	Provider of cloud-based business spend management platform leveraging AI to help companies achieve visibility, control, and optimization of total spend	$169M	Meritech, Crosslink Capital & 18 others	87/100
5th	Freshworks 2010, Chennai (India), Public	Provider of IT service management and customer support solutions	$400M	Accel, Tiger Global Management & 8 others	84/100
6th	Bizongo 2015, Mumbai (India), Series E	Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions	$307M	Schroders Capital, Accel & 30 others	77/100
7th	Zoho 1996, Chennai (India), Unfunded	Provider of cloud-based business software suite for diverse operational requirements	-	-	76/100
8th	Concur 1988, Bellevue (United States), Acquired	Provider of travel, expense, and invoice management solutions for businesses	-	IVP, American Express & 7 others	75/100
9th	Sirion 2012, Lehi (United States), Acquired	AI-powered contract lifecycle management platform	$171M	Peak XV Partners, Tiger Global Management ... & 16 others	75/100
10th	Spotdraft 2017, New York City (United States), Series B	AI-powered contract lifecycle management solution for companies	$113M	Naspers, Qualcomm Ventures & 56 others	74/100

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Founders own 26.71%, Funds (largest shareholder) own 63.24%, Enterprises own 1.46% and Angels own 0.72%. The net worth of Spotdraft's founders is INR 309Cr as of Dec 05, 2024.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	26.71%	309Cr	9987862	7297251	1039020	1271928
Shashank Bijapur	7334178	8992701	6633199	8305372	5985021	6011034
Madhav Bhagat	5944449	8412118	8582778	2795264	9698457	7461724
Rohith Salim	9178	5039	8314	8748	8178	3866
Fund	63.24%	731Cr	9369153	9683298	5972507	7113489
Arkam Ventures	4478396	9810602	9889415	2700729	6853165	2716465
Angel List	0	0	0	0	0	0
Blume Venture	0	0	0	0	0	0
Enterprise	1.46%	16.8Cr	7	4	5	3
Angel	0.72%	8.54Cr	0	0	0	0
Other People	1.47%	17Cr	6	6	1	2
ESOP Pool	2.20%	25.5Cr	17	88	68	83
Total	95.80%	1,110Cr	6444405	9748865	6715672	7438141