Private Equity and Venture Capital

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

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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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/