DK Business Network
Z47, one of India’s well-known venture capital funds, has taken a significant step by bringing the legal AI platform Lucio into its day-to-day operations. The move is aimed at making legal work faster, strengthening compliance, and ensuring smoother deal closures across its growing portfolio.
Over the past few years, Z47 has been investing more actively than ever. At the same time, regulatory rules have become more complicated. The legal team often finds itself juggling multiple deals across different industries and regions. Bringing in Lucio is meant to ease some of this load. The platform takes care of repetitive but important tasks, like checking contracts, keeping track of compliance, and going through documents freeing the lawyers to focus on strategy and negotiations.
The fund, set up in 2006, has backed a number of successful startups that later emerged as leaders in their sectors. With this background, the management saw the need for a legal function that could match the speed of venture investing without losing sight of risk or regulatory obligations. Under the guidance of General Counsel Mayukh Datta, Lucio is being used as a support tool for drafting, due diligence, monitoring compliance, and providing analytical insights.
Commenting on this development, Ashwin Pandian, Associate Vice President at Z47, said:
“For a fund like ours, legal work is not just about checking documents it is about anticipating what could go wrong tomorrow. Lucio gives us the ability to review faster, but more importantly, it sharpens our ability to foresee risks and guide investment decisions with confidence.”
On the other side, Vasu Aggarwal, Co-Founder of Lucio, observed:
“Z47’s decision to use Lucio reflects a forward-looking approach to legal practice. Venture capital is fast-moving and uncertain, and technology has a real role in keeping legal teams ahead of the curve. We are excited to support Z47 in building an agile, tech-enabled legal department.”
Lucio is already being used by legal teams in multiple countries, and its growth has been built on simplifying complex legal work without removing the judgment and expertise that only lawyers can bring. For Z47, the partnership marks an important moment in aligning its legal function with the same spirit of innovation that defines its investment strategy.
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