Deal updates

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

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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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Spice Route Legal assisted Foundamental on its investment in Dekoruma

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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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Spice Route Legal advised Zenfold Ventures on its investment into Iosynth Labs

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Zenfold Ventures LLP, an investment fund focussed on healthcare, nutraceuticals and chemicals, has invested in India’s leading biocatalysis application company, Iosynth Labs. The investment has been made with the aim of a strategic expansion of Iosynth by producing selected chemicals and intermediates using expertise in biocatalysis, fermentation, and chemistry.  Iosynth offers bio-catalytic services and manufactures …

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Spice Route Legal advised Setu on its USD 15 million Series A fundraise

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Bangalore based API infrastructure provider, Setu, raised USD 15 million from an investor club comprising of Lightspeed Ventures, Falcon Edge and Bharat Inclusion Seed Fund. Setu offers a unique API integration for fintech players to work closely with regulated entities like banks, NBFCs and others. This influx of funds will help the company expand its …

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WEGot Utilities raises USD 2 million from investor club

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Chennai-based WEGot Utilities, has raised INR 135 million from an investor club, including leading point of sale software solution provider, GoFrugal Technologies, Bangalore-based Brigade Innovations and a group of angel investors. The Spice Route Legal team advisingWEGot comprised of Mathew Chacko, Nikita Swamy, Kavya Pankaj, and Aishwarya Prasad.WEGot Utilities is a start-up that works on …

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Uncanny Vision Solutions raises INR 5 crore funding from investor club

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Bangalore-based Uncanny Vision has raised INR 5 crores in its latest round of fund raising from multiple investors including Karnataka based Rangsons Technologies and Rebright Partners, a Singapore based venture capital fund. Spice Route Legal’s team including Mathew Chacko, Renuka Abraham, and Mohana Moparthi advised Uncanny Ventures through the entire fundraising process. Uncanny Vision is …

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SunEdison Infrastructure acquires Megamic Electronics

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Solar and renewable energy giant, SunEdison Infrastructure has acquired a majority stake in Megamic Electronics for an undisclosed consideration. Megamic Electronics is very active in the space of design, development, and supply of Remote Monitoring with Performance Analysis and Control Solutions for the Solar Renewable Energy market.This acquisition shall help SunEdison deliver high-performance solar assets …

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SunEdison Infrastructure acquire majority stake in Enrecover Energy Solutions

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SunEdison Infrastructure has acquired a majority stake in Pune-based Enrecover Energy Solutions for an undisclosed consideration . Enrecover specialises in building an organic Rankine cycle (ORC) systems for heat recovery and power generation from geothermal resources, biomass, solar, and waste streams. This is the latest spurt in SunEdison’s recent acquisition spree, to supplement its offerings …

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Realty tech start up, Snaptrude Technologies, raises INR4.33crores in funding from domestic and international investor club.

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Bangalore based realty tech startup, Snaptrude Technologies has recently raised INR 4.33 crores in its third round of funding, from the investor club consisting of Mauritius based Accel India V (Mauritius) Ltd., Bangalore based Brigade Innovations and Indus Homes Pvt. Ltd. The Spice Route legal team consisting of Mathew Chacko, Aadya Misra, and Nikita Swamy …

Realty tech start up, Snaptrude Technologies, raises INR4.33crores in funding from domestic and international investor club. Read More »

Lucknow based Hostello raises INR 1 crore from angel investors club.

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In an example of more investments being infused into tier-2 Indian cities, an angel investors club has recently pumped INR 1 crore into Lucknow based student hospitality start-up, Hostello. The company was founded on the idea of providing quality living spaces to students who migrate from smaller towns into bigger cities for better educational opportunities. …

Lucknow based Hostello raises INR 1 crore from angel investors club. Read More »