Page 82 - Avendus Huran Flipbook 2026

To me, ‘India for the world’ means
designing for the highest international

standards from day one: sophistication,
usability, performance.

MADHAV BHAGAT

Co-Founder and CTO, SpotDraft

Beyond the Legalese Can you take us back to the exact moment or conversation
when you realized you wanted to build SpotDraft rather than
Madhav Bhagat is the Co-Founder and CTO of SpotDraft, continue on a conventional engineering path. What made
where he leads product and engineering with a singular you decide to start something of your own?
focus: building an AI-first future for legal and contract The pivotal moment came during a conversation with
work. A Carnegie Mellon University graduate, Madhav Shashank, my co-founder, who was then practicing law.
brings deep technical rigor from his earlier engineering This was during a party and we stepped out for a chat that
roles and applies it to one of business’s most persistent became life-changing for us! He described the frustration of
bottlenecks – contracts. His product philosophy blends endlessly redrafting identical clauses, chasing stakeholders
scale, intuition and trust, with a bold ambition to make for reviews and managing countless email threads of
“Send it through SpotDraft” a global signal of speed and redlines. As an engineer, my immediate thought was: this is
credibility in business. a workflow problem, not a legal one.

Founded in 2017, SpotDraft is an AI-powered contract The turning point: I realized I was busy ‘improving products’
lifecycle management platform trusted by 400+ global in big companies that didn’t solve the pain I cared about.
customers, from high-growth startups to large enterprises. I could stay inside someone else’s guardrails, or take
Headquartered in Bengaluru with a 300+ strong global responsibility for solving a real-world bottleneck head on.
SpotDraft was the end result.
team, SpotDraft is redefining how modern organizations
unlock value from contracts.

80 | Uth Series 2025 • U40 Business Leaders