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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:
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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): | https://www.business-standard.com/companies/start-ups/vayudh-raises-10-million-in-funding-round-led-by-dharana-capital-125042201123_1.html |
| 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. |