In brief: India legaltech startup raises funds for global expansion

• Binny Bansal-backed 021 Capital has invested US$1.5 million in India-based legaltech startup SpotDraft. Freshworks co-founder Girish Mathrubootham, Hunch Ventures founder Karanpal Singh, Chargebee’s Indus Khaitan also participated in the pre-series A funding round.
• SpotDraft will use the money to expand its global footprint.
• The startup targets companies that are looking to cut their legal expenses. Leveraging machine learning, SpotDraft automates the process of creating, analyzing, and managing legal contracts.

Source: Livemint