Deal Corner
July 20, 2024
NDA Represents Steadview Capital Mauritius Limited in its investment in Ethereal Machines Private Limited

DEAL BRIEF

Steadview Capital Mauritius Limited (“Steadview”) participated as one of the lead investors in a USD 13 Million Series A round of funding for the manufacturing startup, Ethereal Machines Private Limited (“Ethereal”), which included other investors such as Peak XV Partners Investments VIII, Blume Ventures and Enam Investments. Ethereal specializes in deep tech and develops proprietary multi-axis computer numerical control machines and uses them to produce precision parts for the aerospace, healthcare, and consumer electronics industries.

OUR ROLE

We at Nishith Desai Associates, acted as deal counsel for Steadview and advised them on legal, tax and regulatory aspects, including negotiation and finalization of the transaction documents.

DEAL TEAM

Harshita Srivastava

Vasavi Kaparthi

MEDIA COVERAGE

https://www.thehindubusinessline.com/ companies/ethereal- machines-raises-13 -million-in- series-a-funding- round/article68284794.ece

https://economictimes.indiatimes.com/tech/ funding/deeptech- startup-ethereal-machines- raises-13-million- for-rd-smart-factory-in- bengaluru/articleshow /110967220.cms?from=mdr

https://www.cnbctv18.com/ business/companies/ ethereal-machines- bags-13-million- from-peak-xv-partners- steadview-capital -others-19427953.htm

https://www.entrepreneur.com/ en-in/news-and-trends/ethereal- machines-raises-usd-13-mn-in- series-a-led-by-peak/475589

Disclaimer

The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.

This Hotline provides general information existing at the time of preparation. The Hotline is intended as a news update and Nishith Desai Associates neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this Hotline. It is recommended that professional advice be taken based on the specific facts and circumstances. This Hotline does not substitute the need to refer to the original pronouncements.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

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Connect with us at events, 
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Deal Corner

July 20, 2024

NDA Represents Steadview Capital Mauritius Limited in its investment in Ethereal Machines Private Limited

DEAL BRIEF

Steadview Capital Mauritius Limited (“Steadview”) participated as one of the lead investors in a USD 13 Million Series A round of funding for the manufacturing startup, Ethereal Machines Private Limited (“Ethereal”), which included other investors such as Peak XV Partners Investments VIII, Blume Ventures and Enam Investments. Ethereal specializes in deep tech and develops proprietary multi-axis computer numerical control machines and uses them to produce precision parts for the aerospace, healthcare, and consumer electronics industries.

OUR ROLE

We at Nishith Desai Associates, acted as deal counsel for Steadview and advised them on legal, tax and regulatory aspects, including negotiation and finalization of the transaction documents.

DEAL TEAM

Harshita Srivastava

Vasavi Kaparthi

MEDIA COVERAGE

https://www.thehindubusinessline.com/ companies/ethereal- machines-raises-13 -million-in- series-a-funding- round/article68284794.ece

https://economictimes.indiatimes.com/tech/ funding/deeptech- startup-ethereal-machines- raises-13-million- for-rd-smart-factory-in- bengaluru/articleshow /110967220.cms?from=mdr

https://www.cnbctv18.com/ business/companies/ ethereal-machines- bags-13-million- from-peak-xv-partners- steadview-capital -others-19427953.htm

https://www.entrepreneur.com/ en-in/news-and-trends/ethereal- machines-raises-usd-13-mn-in- series-a-led-by-peak/475589

Disclaimer

The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.

This Hotline provides general information existing at the time of preparation. The Hotline is intended as a news update and Nishith Desai Associates neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this Hotline. It is recommended that professional advice be taken based on the specific facts and circumstances. This Hotline does not substitute the need to refer to the original pronouncements.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.