Wendor Innovations has raised ₹21 crore from Elan Professional Appliances, following which Elanpro now has a 41% stake in Wendor. VERTICES PARTNERS represented Wendor on this transaction. The transaction team was led by Manasi Pathak Verma (Partner) with assistance from Associates, Liji Anna Thomas and Garima Thukral. Manasi Pathak Verma ASL Legal represented Elanpro on this transaction. The transaction team was led by Joseph Pookkatt (Partner), with assistance from Abhijeet Srivastava (Associate). The investment comprises ₹5 crore in equity and ₹16 crore in debt. As part of this strategic partnership, Elanpro will provide operational support, granting Wendor access to its extensive logistics and service network across India. The funds will be utilized to enhance Wendor’s AI-powered vending technology, including the development of camera-based product and quantity detection systems for real-time tracking, AI-driven demand forecasting to analyze consumer behavior, and advanced automation to create a seamless, data-driven retail experience . Additionally, Wendor plans to launch ten experience centers across key metro and Tier-1 cities in the next two months, providing customers with hands-on interaction with its advanced vending solutions . Founded in 2021 by Lakshit Anand, Wendor offers compact, cashless vending machines managed through a cloud-based system, focusing on digital payments, mobile integration, and IoT-based technology. The company has established partnerships with notable brands such as Coca-Cola, Amul, Nivea, Apollo Hospitals, Unilever, and Fortis, and has installations at prominent locations including Rashtrapati Bhawan, the Taj Mahal, and Fatehpur Sikri .

Miraggio Lifestyles Private Limited has raised ₹55 crore from a Series A fundraise led by by RPSG Capital Ventures, Client Associates and Prath Ventures. Antares Legal advised Miraggio on this fundraise. The transaction team was led by Surbhi Kothiala (Partner), assisted by Divyanshu Bansal (Associate) and Priyanshi Aggarwal (Associate). Surbhi Kothiala JSA Advocates & Solicitors advised lead investors RPSG Capital Ventures Fund II and Client Associates Alternate Fund on this fundraise. The transaction team was led by Lalit Kumar (Lead Partner) and Amandeep Singh Virk (Partner), with support from by JSA Zarish Ali (Senior Associate) and Associates – Ruchika, Muskaan Gupta, and Sameer Dahiya. Lalit Kumar, Amandeep Singh Virk VERTICES PARTNERS advised lead investor Prath Ventures on this fundraise. The transaction was led by Vikrant Anand (Partner), along with Shagun Rathi Mittal (Senior Associate) and Associates – Amit Shekhar and Srishti Singh. Founder and Managing Partner Vinayak Burman provided strategic inputs. Vikrant Anand, Vinayak Burman The funds will be used to expand its retail footprint by opening 15–20 exclusive brand outlets over the next two years, with a longer-term target of 40–50 stores across Tier 1 and Tier 2 cities. Miraggio also plans to launch over 500 new products, including laptop bags and clutches, while strengthening its omnichannel strategy and supply chain across Asia. Miraggio is a D2C fashion handbag and accessories brand that retails women handbags, backpacks, laptop bags and accessories through various online and offline channels including its own exclusive brand outlets and channel partners, under the brand name of Miraggio. The company closed FY25 with a GMV of over ₹110 crore and is aiming for ₹200 crore in FY26, having fulfilled over a million orders to date.

Tessellate Tech Ventures has made its exit from Vecmocon Technologies Private Limited through a secondary sale to Aavishkaar India Fund VI and Blume Ventures India Fund IV. Rise Legal advised Tessellate Tech Ventures on this transaction. The transaction team was led by Ritika Ganju (Managing Partner) and supported by Anushka Bhardwaj (Associate) and Mohana Dasyam (Associate). Ritika Ganju VERTICES PARTNERS represented Aavishkar Capital on this transaction. The transaction was led by Vikrant Anand (Partner), along with a team that included Varun Kaka (Senior Associate), and Associates – Vidhi Shah, Ayushi Narayan and Mohammed Kaif. Founder and Managing Partner Vinayak Burman provided strategic inputs. Vikrant Anand, Vinayak Burman Khaitan Legal Associates represented Vecmocon Tech on this transaction. The transaction team was led by Aditi Chandak (Associate Partner) and Vir Aditya Nanda (Senior Associate) along with Associates – Aanchal Golecha and Riya Dudeja. Goodwin Law represented existing investor EIF V LP led by Ananth Lakshman (Partner). Founded in 2015 and headquartered in Gurgaon, India, Tessellate Tech Ventures is an early-stage venture capital firm backed by the promoters of the Napino Group, a prominent player in the automotive electronics sector. Tessellate focuses on investing in innovative startups across various sectors, including Internet of Things (IoT), data analytics, technology, e-commerce, consumer internet, and payment solutions. With its roots in the automotive industry, the firm also actively seeks investments in electrical and electronic products tailored for the automotive sector. Established in 2016 and based in New Delhi, Vecmocon Technologies is a deep-tech startup specializing in electric vehicle (EV) intelligence solutions. Founded by alumni from IIT Kanpur, IIT Delhi, and ISB, the company develops advanced hardware and software products, including Battery Management Systems (BMS), Vehicle Intelligence Modules (VIM), motor controllers, and EV chargers. The company has secured funding from notable investors such as Tiger Global Management, Blume Ventures, and Tessellate Ventures, and continues to expand its impact in the sustainable mobility sector.

VERTICES PARTNERS advised Dr. Gadgil Eye Hospital on a majority stake acquisition by ASG India Oculus Private Limited. The transaction team was led by Manu Varghese (Partner) along with a team that included Anushree Pathak (Senior Associate), Mitali Hakani (Associate Manager) and Stuti Jain (Associate). Founder and Managing Partner, Vinayak Burman, provided strategic inputs. Dr. Gadgil Eye Hospital, a leading eye care center in Thane, boasts 25 years of experience. They utilize cutting-edge technology to deliver premium services, specializing in advanced procedures like cataract surgery. The hospital is known for its comprehensive eye care, including treatments for glaucoma, and offers services such as contact lens prescriptions and LASIK. ASG Eye Hospital is a leading chain of super-specialty eye hospitals in India, known for its advanced ophthalmic care and cutting-edge technology. Founded in 2005 by a team of AIIMS-trained doctors, the hospital has expanded rapidly across multiple cities, providing specialized treatments for cataracts, glaucoma, retinal disorders, and refractive surgeries like LASIK. Earlier this year, ASG Eye Hospital had acquired a majority stake in Vedanta Eye Hospitals. The acquisition is part of ASG’s strategic expansion into the Mumbai Metropolitan Region and follows its broader consolidation efforts in India’s ophthalmology sector, including earlier takeovers such as Vasan Eye Care. Intellecap served as the exclusive advisor for the transaction. With this deal, ASG further strengthens its nationwide network of over 160 super-specialty eye hospitals across 83 cities. The financial terms of the acquisition have not been publicly disclosed, but comparable transactions in the sector have ranged between ₹20 crore to ₹300 crore. ASG previously raised ₹1,500 crore in 2022 from General Atlantic and Kedaara Capital, marking one of the largest fundraises in the Indian eyecare industry, and has since continued its aggressive growth trajectory.

Flipspaces Technology Labs Private Limited, an interior design tech startup, has raised ₹250 crore from a Series B fundraise led by Iron Pillar India Fund II and saw participation from Synergy Capital Partners, as well as existing investors. The transaction comprised both primary and secondary investments in the Company. As part of the secondary component, Carpediem Capital Partners, an existing investor, will make a complete exit from the Company in a staggered manner. VERTICES PARTNERS advised FlipSpaces on this fundraise. The transaction team was led by Vishal Mehta (Partner) along with a team that included Varun Kaka (Senior Associate), and Associates, Vidhi Shah and Stuti Jain. Founder and Managing Partner Vinayak Burman provided strategic inputs.  The Firm had previously advised FlipSpaces on their Pre-Series B fundraise. Vishal Mehta IndusLaw advised lead investor Iron Pillar on this fundraise. The transaction team consisted Minhaz Lokhandwala (Partner), Maitri Parekh (Principal Associate), Martin Mathews (Senior Associate), Rishika (Associate), Kamayani Mittal (Associate), Yash Borana (Associate), Roshni Mulchandani (Associate), Saket Mishra (Associate), Ankit Sharma (Associate), Shreya Parashar (Associate) and Tarun Pydah (Associate). They were supported by Ruhi Jain (Executive Director), Chetna Agarwal (Assistant Manager) and Samiksha Nayak (Executive) in Corporate Secretarial aspects. Minhaz Lokhandwala Jerome Merchant + Partners represented existing investor Prashasta and Affiliates. The transaction team consisted of Sameer Sibal (Partner) and Akshay Dixit (Senior Associate). Antares Legal represented exiting investor Carpediem Capital Partners. The transaction team consisted of Siddharth Bhavnani (Partner) and Moksh Roy (Associate).  Siddharth Bhavnani Agram Legal Consultants advised Synergy Capital Partners and Catalyst Advisors on this fundraise. The transaction team consisted of Karuna Thapa (Partner) and Rhythm Kalra (Associate). Founded in 2015 by Kunal Sharma, Ankur Muchhal, Vikash Anand, Mrinal Sharma, Prafful Sahu, and Ritesh Rajan, Flipspaces offers a fully integrated, tech-driven solution for commercial interiors. Its platform spans space design, product supply, and project execution, primarily targeting Small and Medium Businesses (SMBs), which constitute approximately 60% of the commercial design and build market. The funds will be utilized to accelerate Flipspaces’ expansion across India, the US, and the UAE, enhance its proprietary technology platforms, strengthen brand leadership, and explore inorganic growth opportunities in new geographies and adjacent categories.