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 .

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.

VERTICES PARTNERS represented Prath Ventures on their investment of ₹19.6 crore ($ 2.3 million), through Eternal Emerging Enterprises Fund – I, in the pre-Series A fundraise of Nothing Before Coffee. The transaction was led by Vikrant Anand (Partner) and Vishal Mehta (Partner), along with Shagun Rathi Mittal (Senior Associate) and Associates, Srishti Singh and Mohammad Kaif. Founder and Managing Partner Vinayak Burman provided strategic inputs. Nothing Before Coffee was represented by Chir Amrit Legal LLP. Nothing Before Coffee (NBC) is an Indian quick-service coffee chain founded in 2017 in Jaipur by Akshay Kedia, Anand Jain, Ankesh Jain, and Shubham Bhandari. It operates over 85 outlets across 36 Indian cities as of April 2025, and opened its first international store in Porto, Portugal in 2024. NBC offers a menu of over 100 beverages, including its signature “Shrappe,” with prices typically ranging from ₹100 to ₹240. It plans to scale up to 400 outlets in India and expand further into Europe by 2026.

Eat Better Co has raised ₹17 crore ($2 million) from a Pre-Series A fundraise co-led by Prath Ventures and Spring Marketing Capital. VERTICES PARTNERS represented lead investor Prath Ventures on this transaction. The transaction team was led by Vishal Mehta (Partner) and Vikrant Anand (Partner), along with Shagun Rathi Mittal (Senior Associate) and Associates, Vidhi Shah, Cashmira Poonacha and Mohammad Kaif. Founder and Managing Partner Vinayak Burman provided strategic inputs. Vikrant Anand, Vishal Mehta Bombay Law Chambers represented lead investor Spring Marketing Capital on this transaction. Goyel & Goyal represented the existing investor, Java Capital, on this transaction. The transaction team was led by Akshit Goyal (Founding Partner). Akshit Goyal Eat Better Co. is a company founded in 2020 that produces and sells delicious, healthy snacks. The company focuses on providing healthy alternatives to traditional snacks, emphasizing ingredients and preparation methods that prioritize health and taste. Their products have been featured on Shark Tank India. Prath Ventures is a Mumbai-based early-stage venture capital firm founded in 2022 by Piyush Goenka and Harmanpreet Singh, focusing on seed to Series A investments in digital consumer businesses and their enablers across India, with a fund corpus of ₹225 crore backed by investors including SIDBI Funds of Funds; its portfolio includes Nothing Before Coffee, Eat Better, Jimmy’s Cocktails, Assembly Luggage, and Aukera Jewellery. Spring Marketing Capital, founded in 2019 in Bengaluru by Arun Iyer, Raja Ganapathy, and Vineet Gupta, operates as a venture capital firm that combines capital investment with brand-building expertise, primarily investing in Series A and B stage consumer-facing businesses such as Agilitas Sports, GIVA Jewellery, Niyo Global, and Purplle, offering strategic marketing support alongside funding. Source: https://www.barandbench.com/dealstreet/vertices-partners-goyel-goyal-act-on-eat-better-co-pre-series-a-fundraise