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Angel Investor (Individual)

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Investments

4

Portfolio Exits

1

About Shashank Deshpande

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Latest Shashank Deshpande News

The Legal Capsule raises funds from SucSEED Indovation SucSEED welcomes a LegalTech space startup, The Legal Capsule to its family

May 13, 2022

Contract Management firm- Attort Legal Consultancy Pvt Ltd (known as The Legal Capsule or TLC), has raised an undisclosed amount from Hyderabad based SucSEED Indovation Fund and many known Angel Investors including S Ramadorai (Former CEO of TCS), Kiran Deshpande (Former CEO of Tech Mahindra), Ravi Nigam (Founder and Former MD of Tasty Bite), Shashank Deshpande (Managing Partner at Pentathlon Ventures) , Vineet Patni (Managing Partner at Wepartner Consult), Shantanu Deshpande (Founder of Bombay Shaving Company) and few others. The Legal Capsule provides an AI powered Contract Lifecycle Management platform, enabling SMEs and Large enterprises to automate their processes in order to handle end to end contract management while reducing time, cost and risks with legal contracts. Proprietary software helps to manage all compliance, renewals and tasks pertaining to contracts with notifications, thereby mitigating risk for an Enterprise. Co-Founder’s TLC The Legal Capsule, unlike other Legal Contract Management (CLM) Products, allows drafting the contracts in MS word within the application, seeking internal approvals, negotiating clauses with counterparties, e-signing using legally binding signatures, e-stamping modules for States across India and storing all contracts in one single repository. It uses AI & ML to analyze the reported findings and offer blockchain-powered authenticated signature solutions that not only captures signatures, but live photographs of the signer, GPS details, IP address and date & time of signing contract. TLC Team Gautami Raiker, Co- Founder and CEO of The Legal Capsule said, “We believe ef ective Contract Management is a must for every Enterprise to fully secure their interests and we endeavor to help them in the digital transformation of this very important space TLC has been helping mid and large sector enterprises to manage and automate contracts right from drafting to execution and renewals.”  She further added that “This seed funding will help us to strengthen our ef orts on client acquisition, accelerating team hirings and global expansion strategy. Most importantly we are delighted to have got access to a set of well known mentors in Industry, who have invested in our company”. Speaking on why they have invested, VVSN Raju Co-Founder & Partner at SucSEED Indovation Fund , said, “Increasing demand for agile contract management software and changing regulatory compliances with rising complexity due to diversity in sales and licensing models, a sector that will grow exponentially over the next few years. Legal Capsule has grown their revenue by 4x over the past one year. It has a massive and expanding TAM equal to $25Bn which includes an E-signature market of $20Bn and Contract Lifecycle Market of $5Bn.”

Shashank Deshpande Investments

4 Investments

Shashank Deshpande has made 4 investments. Their latest investment was in The Legal Capsule as part of their Angel on May 5, 2022.

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Shashank Deshpande Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/13/2022

Angel

The Legal Capsule

Yes

2

3/1/2021

Seed VC

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$99M

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10

7/10/2020

Seed VC - II

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$99M

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10

9/18/2019

Angel

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10

Date

5/13/2022

3/1/2021

7/10/2020

9/18/2019

Round

Angel

Seed VC

Seed VC - II

Angel

Company

The Legal Capsule

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Amount

$99M

$99M

New?

Yes

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Co-Investors

Sources

2

10

10

10

Shashank Deshpande Portfolio Exits

1 Portfolio Exit

Shashank Deshpande has 1 portfolio exit. Their latest portfolio exit was GigIndia on March 21, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/21/2022

Acquired

$99M

8

Date

3/21/2022

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

8

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