News Details
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
MEDIA COVERAGE
