News and developments
Vayudh (BotLab) - Deal announcement
Vayudh (BotLab) - Deal announcement
Matter/ Deal Detail - 1
Basic Information:
Deal/ Matter Name:
Raising funds from Dharana Capital, its Affiliates and existing investors
Client Name:
Vayudh (Defence vertical of BotLab Dynamics Private Limited)
Client sector/ Industry:
Drone manufacturing, Defence technology
Client permission to share with media (Yes/ No):
Yes
Confidential/ Public:
Please ensure that Confidential matters are marked in RED.
Public
Deal Overview
Deal/ Matter Summary:
The deal description paragraph should consist of:
Founded in 2016 by Sarita Ahlawat, Tanmay Bunkar and Anuj Barnwal, Vayudh has developed expertise in swarm drone technology, with over 300,000 autonomous flying hours in defence and other commercial applications like drone shows and industrial surveying. The company recently launched Atri, India’s first nano drone for precision surveillance and reconnaissance operations.
Phoenix Legal, led by Rahul Deodhar (Partner), acted for Vayudh and the founders in this round of investment and advised, negotiated and assisted the company with the transaction documents.
The investment will be directed towards strengthening the Company’s research and development (R&D) capabilities, enhancing manufacturing infrastructure, and accelerating deployments in collaboration with India’s defence forces.
Date of completion:
April 17, 2025
Start and End date:
January, 2025 – April, 2025
Date of execution/ Date of order:
April 3, 2025
Cross Border ( Yes/ No):
Yes
Governing Law:
India
Key Jurisdictions:
India
Deal Value:
USD 10 million
Other parties involved:
Dharana Capital, Deepinder Goyal; Ajay Aggarwal (Action TESA); Sumit Jalan; LetsVenture; and Navam Capital.
Role of the Firm:
Advising the company and its founders and negotiating the transaction documents.
Confidential/Publishable:
Publishable
Type of transaction:
Investment
Legal Advisors Involved:
Lead Partner/Attorney:
Rahul Deodhar
Other Key Team Members:
Shivani Vyas
Other laws firms/ counsel involved:
Kaizen Law
Transaction Type:
Investment
Significance of the Deal:
The investment will be directed towards strengthening the company’s research and development (R&D) capabilities, enhancing manufacturing infrastructure, and accelerating deployments in collaboration with India’s defence forces.
Key Challenges/Issues Addressed:
-
Innovative Legal Strategies (if any):
-
Outcome/Achievements:
Press Release (website link, if available):
Practice Profile
Can be added in the practice Profile? Yes/No:
Yes
Short Description for the Profile:
Advised Vayudh (Defence vertical of BotLab Dynamics Private Limited) and its promoters on a Series A funding round of USD 10 million.