{"id":381339,"date":"2026-04-17T14:30:32","date_gmt":"2026-04-17T09:00:32","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=381339"},"modified":"2026-04-20T18:05:43","modified_gmt":"2026-04-20T12:35:43","slug":"cam-advises-cactus-partners-bellatrix-aerospace-series-b-funding","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2026\/04\/17\/cam-advises-cactus-partners-bellatrix-aerospace-series-b-funding\/","title":{"rendered":"Cyril Amarchand Mangaldas acted as legal counsel to Cactus Partners Fund I on its investment in the Series B funding round of Bellatrix Aerospace Private Limited"},"content":{"rendered":"<div style=\"text-align: justify; line-height: 150%;\">\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">Cyril Amarchand Mangaldas<\/span> (&#8220;CAM&#8221;) acted as legal counsel to Cactus Partners Fund I, on its investment as lead investor in the Series B funding round (which also includes secondary investment through acquisition of shares from existing shareholders) of Bellatrix Aerospace Private Limited. The Series B funding round has also seen participation from Hero Enterprise Partner Ventures, 35 North India Growth Fund I, GrowX Ventures Fund II Scheme 1, GrowX Ventures Fund II Co Investment Scheme I and other existing investors including Pavestone Technology Fund, Inflexor Opportunities Fund I, Inflexor Technology Fund and Indusbridge &#8211; Ventures Fund. Bellatrix Aerospace is engaged in the business of manufacturing and developing of advanced propulsion technologies and satellites for civilian and defence space applications.<\/p>\n<p style=\"margin-bottom: 3%;\">The transaction team was led by <span style=\"font-weight: bold;\">Alok Sonkar<\/span>, <span style=\"font-style: italic;\">Partner;<\/span> with support from <span style=\"font-weight: bold;\">Karishma Jumani<\/span>, <span style=\"font-style: italic;\">Director &#8211; Corporate Transactions;<\/span> <span style=\"font-weight: bold;\">Khushboo Bapna, Juhi Mittal, Ishita Sharma, Aayush Panwar<\/span>, and <span style=\"font-weight: bold;\">Varsha Agarwal<\/span>, <span style=\"font-style: italic;\">Associates<\/span>.<\/p>\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">Bharat Vasani<\/span>, <span style=\"font-style: italic;\">Senior Advisor &#8211; Corporate Laws;<\/span> supported through his strategic inputs from corporate perspective.<\/p>\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">Anandita Kaushik<\/span>, <span style=\"font-style: italic;\">Partner;<\/span> with support from<span style=\"font-weight: bold;\"> Saumya Rai<\/span>, <span style=\"font-style: italic;\">Associate;<\/span> advised on Defence and Aerospace sectoral and regulatory aspects.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p font-style: italic;\">The round saw participation from multiple investors and supports Bellatrix&#8217;s development of advanced propulsion technologies and satellite solutions for civilian and defence applications.<\/p>\n","protected":false},"author":67011,"featured_media":381708,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45282,2],"tags":[102515,102509,102511,68835,30960,102513,102510,102512,102514],"class_list":["post-381339","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law-firms-news","category-news","tag-aerospace-sector-funding-india","tag-bellatrix-aerospace","tag-cactus-partners-fund-investment","tag-cam","tag-cyril-amarchand-mangaldas","tag-defence-aerospace-investment-india","tag-series-b-investment-india","tag-space-technology-startup-india","tag-venture-capital-funding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cyril Amarchand Mangaldas acted as legal 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