Phoenix Legal

Phoenix Legal advised leading edtech platform ‘Bhanzu’ in raising $16.5 million in its Series B funding round from Epiq Capital, Z3Partners, and the existing investors, Lightspeed Ventures, Eight Roads and B Capital .

Phoenix Legal advised Z47 and Nexus Venture Partners on its investment in Series A funding round of USD 30 million in Neysa Networks Private Limited (Neysa). This latest funding comes after a USD 20 million seed round earlier this year and marks a significant milestone for Neysa a pioneering AI Acceleration Cloud System provider. The new funding will enable Neysa to scale its AI infrastructure, advance research and development, and gear up for the launch of its integrated Gen AI Acceleration Cloud Service.

Phoenix Legal advised Iron Pillar Fund, one of the existing investors of Sedemac Mechatronics Private Limited (Sedemac Mechatronics), in relation to their follow-on investment in the USD 100 million funding round led by Xponentia Capital Partners, A91 Partners and 360 ONE Asset.

We are pleased to announce that Phoenix Legal advised Apis Partners LLP, a leading private equity asset manager focused on financial services, on Apis Growth Fund I’s full exit from Star Health & Allied Insurance Co. Ltd through a block deal on the National Stock Exchange.

Our litigation team was successful in securing a favourable order for our client, Kharghar Vikhroli Transmission Limited (Adani group company), from the Maharashtra Electricity Regulatory Commission (MERC). In a crucial case where Long Term Transmission Customers (LTTCs) imposed Liquidated Damages and threatened to invoke a Bank Guarantee, MERC has passed an order restraining the LTTCs from taking any coercive action till final adjudication of Petition filed by Kharghar Vikhroli Transmission Limited.