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

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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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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

We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state.

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.