Private Equity and Venture Capital

Spice Route Legal advises ESCO Micro on their Series A fundraising of $200M

Esco Micro Pte. Ltd., manufacturer of some of the most innovative life science tools, has successfully raised a Series A investment of USD 200 million from a club of investors, including Vivo Capital, Novo Holdings, China Investment Corporation, K3 Ventures, and EDBI Singapore. This financing – the largest private fundraising round by an Asia-based life sciences …

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Spice Route Legal assists Savex Technologies with a strategic investment into Inflow Technologies

The Spice Route Legal team comprising of Praveen Raju, Arun Jerome, Renuka Abraham, Janhavi Joshi, Swarna Jain and Aakash Agarwal assisted Savex Technologies, India’s third-largest Information and Communication Technology (ICT) distributor, on its strategic investment into Bengaluru-based Inflow Technologies Pvt. Ltd. The investment will strengthen Savex Technologies’ enterprise technology channel as the value-added services network …

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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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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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FDI Policy Update: FDI Reforms (August 2019)

Introduction On August 28th, 2019 the union cabinet approved changes to the foreign direct investment (“FDI”) policy in four sectors (“Approved Proposal”). The purpose of these changes is to make India a more favorable destination for global investors. Coal Mining Sector The automatic route under the existing FDI policy for mining coal was restricted to …

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

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. …

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Spice Route Legal advised Helix Investments in its USD7.5 million investment in Dentzz Dental Care

Helix Investments, an investment fund backed by Culbro LLC and Bloomingdale Properties, invested USD 7.5 million in Mumbai-based Dentzz Dental Care. Dentzz is a super-specialised dental care brand with clinics in Mumbai and Dubai. Praveen Raju, Renuka Abraham and Swarna Jain advised on the deal. Media reports of this deal can be found here:https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/helix-invests-rs-50-crore-in-dentzz/articleshow/71195220.cms?from=mdrhttps://www.vccircle.com/private-equity-firm-helix-invests-in-dental-clinic-chain-dentzz/