Shardul Amarchand Mangaldas & Co. advised PixxelSpace, one of the leading players in the Indian space tech market and a global leader in satellite imaging, in its Series B fund raise of USD 36 million. The fund raise saw participation from new investors such as Google LLC, along with existing investors Sparta Group, Lightspeed India Partners, Radical Ventures Fund, Blume Ventures India Fund, Athera, and GrowX Ventures Fund. PixxelSpace is involved in building a constellation of hyperspectral earth imaging satellites and analytical tools to mine insights from that data.
The transaction team was led by Abhishek Dubey, Partner; Siddhant Maheshwari, Associate; and Hetal Doshi, Associate.
Fenwick & West LLP acted as the US law counsel for PixxelSpace and some of the investors were represented by Nishith Desai Associates, and Wilson Sonsini Goodrich & Rosati.
About Shardul Amarchand Mangaldas & Co.:
Shardul Amarchand Mangaldas & Co., founded on a century of legal achievements, is one of India’s leading full-service law firms. The Firm’s mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation, and collaboration. SAM & Co. is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, capital markets, banking & finance, and projects & infrastructure.
The Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, SAM has around 770 lawyers including 158 Partners, offering legal services through its offices in New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru, and Chennai.
