Ishita Dasgupta

Spice Route Legal advises ECOSTP on an investment by Habitat for Humanity

The Spice Route Legal team – comprising Mathew Chacko, Aishwarya Prasad, Kavya Pankaj, and Rhythm Chopra – has advised wastewater treatment startup, ECOSTP Technologies Private Limited, on a Series A investment of INR 1,90,40,000 by Habitat for Humanity International Inc. Bengaluru-based ECOSTP has used biomimicry to design their patented sewage treatment technology, inspired by the …

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SILRES Energy raises investment from US-based Fenice Group and South Lake LLC

SILRES Energy, a subsidiary of solar energy company SunEdison Infrastructure, raised USD 12.5 million from US-based Fenice Group and South Lake LLC, which will be followed by a restructuring exercise to separate the under construction C&I and rooftop solar business, and the EPC business into a newly formed joint venture. The Spice Route Legal team, …

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Asialaw recommends our Technology & Telecommunications, M&A, Private Equity, Investment Funds and Media & Entertainment practices

Asialaw, a leading guide to law firms in the Asia-Pacific region, has released it’s 2021 review of the Indian legal market.  Spice Route Legal has been described as a “Rising Star”, with three of our partners, Praveen Raju, Mathew Chacko and Arun Jerome, finding individual mention. And, our ‘border agnostic’ approach to deals was particularly appreciated!  Highlights included:  …

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Spice Route Legal advised Sensehawk on its USD 5.15 million Series A1 fundraise

Spice Route Legal, led by Praveen Raju, Renuka Abraham and Swarna Jain, advised Sensehawk on its latest fundraise from Alpha Wave Incubation (managed by Falcon Edge Capital and backed by ADQ, Abu Dhabi) and existing investor, SAIF Partners. This is the second round of institutional investment by Sensehawk that Spice Route Legal has advised.  Sensehawk …

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Investing in the fintech sector in India- A regulatory overview

Despite the sobering effects of this no longer novel Coronavirus, investor appetite in India’s thriving fin-tech companies is booming.  Investments (and acquisitions) in this space give rise to risks that are particular to this sector and a thorough assessment of such risks prior to making an investment might well be appropriate. Below is a brief …

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Will Maximillian Schrems haunt Indian Privacy Law?

In Case C‑311/18, the Court of Justice of the European Union has invalidated data transfers from the European Union to the United States of America that rely on the EU-US Privacy Shield. While this decision – popularly referred to as Schrems II – has a significant impact on data exchanges between the two countries, its …

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A critique of the payment gateways and payment aggregators guidelines

The Reserve Bank of India (“RBI”) on March 17, 2020 issued guidelines[1] (“Guidelines”) to regulate previously unregulated payments aggregators and payment gateways. The Guidelines came into effect from April 1, 2020. While the Guidelines are a progressive step to regulate the activities of payment aggregators, given their role in effecting a payment transaction, it has …

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Cross-border transfers of genomic data: the Indian framework

Introduction A significant increase in medical research in India gives rise to the question – does transfer of genomic data from India require regulatory consent? India’s data protection framework is silent – and its health laws, while not so silent, do not comprehensively frame the process required for the transfer of genomic data. In summary, …

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Spice Route Legal assisted Foundamental on its investment in Dekoruma

Spice Route Legal assisted Foundamental on a pre-Series C investment into Indonesian Construction and Interior Design Platform, Dekoruma.The Investor Club included Foundamental, InterVest Star SEA Growth Fund 1, OCBC NISP Ventura, and Skystar. The existing investors of Dekoruma also participated in this round.  The Investee company was represented by PHY Law Corporation, a regional law firm …

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