CAM acted as legal counsel to Cactus Partners Fund I on its additional investment of approx. $4 million in series A1 fund raise round of Indigrid Technology Private Limited, a full stack electronics component manufacturer with in-house design and manufacturing capabilities engaged in manufacturing of battery packs, motor controllers, vehicle control units, components for EV drivetrains, etc. Cactus Partners Fund I had previously invested $7.72 million in the company.
The transaction was led by Alok Sonkar, Partner; with support from Karishma Jumani, Director – Corporate Transactions; Utkarsh Mankad, Senior Associate; and Aayush Panwar, Associate.