Tag: Phoenix Legal

Phoenix Legal and Kaizen Law Advise on $10 Million Fundraise by Vayudh
Phoenix Legal advised Vayudh, the defence and drone technology arm of BotLab Dynamics Private Limited, on successfully raising $10 million in a funding round led by Dharana Capital.
The round also saw participation from prominent investors including:
- Deepinder Goyal (Zomato)
- Ajay Aggarwal (Action TESA)
- Sumit Jalan
- LetsVenture
- Navam Capital
Legal Advisors
- Phoenix Legal acted as legal counsel to Vayudh.
  The transaction was led by Rahul Deodhar (Partner) and Shivani Vyas (Associate).
- Kaizen Law is reported to have advised the investors.
Also read: DUCOL Acquires Bitumag Industries for INR 39.7 Crores, ALMT Legal Acts as Legal Advisor
Use of Funds
The freshly raised capital will support Vayudh in:
- Scaling up research and development efforts
- Expanding its manufacturing infrastructure
- Accelerating deployment within India’s defence ecosystem
About Vayudh
Vayudh is a cutting-edge Indian deeptech startup specializing in drone manufacturing and defence technologies. Its offerings include:
- Atri – India’s first nano surveillance drone
- Proprietary swarm drone systems, with over 300,000 autonomous flying hours across defence, industrial surveying, and entertainment (e.g., drone light shows)
Strategic Significance
According to CEO Tanmay Bunkar, the fundraise is a “pivotal step” in Vayudh’s mission to build globally competitive, indigenous defence drone technology.
Vamsi Duvvuri of Dharana Capital highlighted that India’s focus on defence indigenisation offers a rare opportunity to develop advanced deeptech capabilities within the country.
Also read: Kochhar & Co Advises Monarch Industries on Strategic Investment and 50% JV Partnership in Yerik Hydraulics
For more legal deal updates and analysis, stay tuned to TheCourtroom.in.
Disclaimer
This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions.
June 18, 2025
Phoenix Legal Strengthens Corporate and M&A Team with Rahul Deodhar’s Appointment
Deodhar joins Phoenix Legal from JSA , bringing over 13 years of experience in corporate transactions and client-focused legal solutions.
Phoenix Legal has strengthened its corporate and mergers & acquisitions (M&A) practice by welcoming Rahul Deodhar as a partner. Deodhar joins the firm from JSA Advocates & Solicitors in Mumbai.
Having recently transitioned to JSA as a partner in June 2023, Deodhar was part of a four-member team that moved from Desai & Diwanji. With over 13 years of experience, he has provided counsel to large domestic firms, multinational corporations, private equity firms, venture capital funds, startups, and early-stage companies on corporate transactions, M&A, joint ventures, and general corporate advisory matters.
In a statement, Deodhar expressed his alignment with Phoenix Legal’s mission, saying, the firm’s commitment to delivering commercially viable legal solutions and steadfast client support resonates perfectly with my own professional values.
Sawant Singh, co-founding partner of Phoenix Legal, emphasized the value Deodhar brings to the firm, stating, Rahul’s client-centric approach and hands-on expertise align seamlessly with our firm’s values.
This addition comes as part of a broader expansion at Phoenix Legal, which recently welcomed Piyush Mishra as the national head of bankruptcy, along with banking and finance partners Rohit Sharma and Shivani Sinha, all from Luthra and Luthra Law Offices.
Meanwhile, JSA Advocates has been actively hiring but has also seen some partner departures. Notably, capital markets partner Mathew Thomas has joined Saraf and Partners, and Bengaluru partner Lalu John Philip has left to establish his own boutique firm, Boolean Legal.
Rohit Dhingra Joins Shardul Amarchand Mangaldas & Co as Partner in White-Collar Crime Practice
Share your news, articles, deals, columns, or press releases with us! Click the link to submit and join our platform today.
September 27, 2024
Vertices Partners and Phoenix Legal Facilitate GreyLabs AI’s $1.5 Million Seed Series Fundraise
In a significant move, GreyLabs AI (AHG Technologies Private Limited) has successfully raised $1.5 million in its Seed Series round from Matrix Partners
Vertices Partners represented GreyLabs AI in this transaction, emphasizing their expertise in supporting emerging technology ventures.
Phoenix Legal provided advisory services to Matrix Partners India Investments IV, LLC, Matrix Partners India Investments IV-A, LLC, and Matrix Partners India IV AIF, collectively known as Matrix Partners, ensuring a seamless transaction process.
The transaction teams were led by Vani Panicker, Varun Kaka, Sucharita Manjunath from Vertices Partners, and Sumit Sinha, Ashima Dewan, Vaibhav Asher, Sayli Petiwale, Vipluv Mittal from Phoenix Legal, respectively, underscoring their commitment to facilitating strategic investments in the technology sector.
Share your news, articles, deals, columns, or press releases with us! Click the link to submit and join our platform today.
July 25, 2024
Phoenix Legal’s Advisory Role in Apis Partners’ Exit from Star Health & Allied Insurance
Phoenix Legal has successfully advised Apis Partners LLP, a prominent private equity asset manager specializing in financial services, on the complete exit of Apis Growth Fund I from Star Health & Allied Insurance Co. Ltd. This exit was executed through a block deal on the National Stock Exchange.
The Phoenix Legal team was led by Partner Pranav Srivastava, with support from Associate Radhika Khanna.
Apis Partners LLP is a distinguished private equity asset manager that focuses on investments in the financial services sector. With a mission to drive growth in emerging markets, Apis Partners leverages its deep industry expertise to foster development in financial services, emphasizing sustainable and inclusive growth.
Star Health & Allied Insurance Co. Ltd is one of India’s leading health insurance providers, offering a wide range of health insurance products to individuals, families, and corporate clients. Renowned for its customer-centric approach and extensive network of healthcare providers, Star Health has established a strong presence in the Indian insurance market, committed to delivering comprehensive health coverage and exceptional service.
Share your news, articles, deals, columns, or press releases with us! Click the link to submit and join our platform today.
June 18, 2024
Phoenix Legal Advises Iron Pillar Fund on Investment in Sedemac Mechatronics
Phoenix Legal advised Iron Pillar Fund, an existing investor of Sedemac Mechatronics Private Limited (Sedemac Mechatronics), in their latest investment endeavor.
Iron Pillar Fund participated in a significant USD 100 million funding round led by Xponentia Capital Partners, A91 Partners, and 360 ONE Asset.
Leading the transaction for Phoenix Legal were Partner Sumit Sinha and Associate Jyoti Vats Mishra, ensuring comprehensive legal guidance throughout the investment process.
About Sedemac Mechatronics: It operates as a prominent electronic controller manufacturing enterprise, specializing in the design, research, development, manufacturing, and supply of electrical, electronic, and electro-mechanical products. The company primarily serves the two and three-wheeler segments with its innovative solutions.
About Iron Pillar Fund: It is a venture capital firm that focuses on investing in mid-stage technology companies primarily in India. The fund targets companies that are poised for growth and have the potential to become leaders in their respective sectors. Iron Pillar typically invests in sectors such as consumer tech, enterprise tech, fintech, and healthtech.
Share your news, articles, deals, columns, or press releases with us! Click the link to submit and join our platform today.
June 18, 2024