Year: 2025

VERTICES PARTNERS advises FlipSpaces on investment from Asiana Fund

VERTICES PARTNERS represented Flipspaces Technology Labs Private Limited on receiving a ₹50 crore investment from Asiana Fund I. This investment is an extension of the Company’s recent ₹250 crore Series B fundraise, also advised on by VERTICES PARTNERS. 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.  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 for Flipspaces’ global expansion plans. Source : https://www.barandbench.com/dealstreet/vertices-partners-advises-flipspaces-on-investment-from-asiana-fund

VERTICES PARTNERS, Saraf and Partners act on Eggoz ₹167 crore Series C fundraise

Eggoz (Nupa Technologies Private Limited) has raised ₹167 crore from a Series C fundraise led by Gaja Capital. Other key existing investors, IvyCap Ventures, Rebright Partners, Avaana Capital, Merisis Opportunities Fund, Nabventures, Blue Dot Capital and Artek Chemicals, have also participated in the round. VERTICES PARTNERS advised Eggoz on this fundraise. The transaction team was led by Vikrant Anand (Partner), and included Shagun Rathi Mittal (Senior Associate), and Associates – Hemant Srivastava and Anna Liji Thomas. Founder and Managing Partner Vinayak Burman provided strategic inputs Saraf and Partners represented lead investor Gaja Capital on this fundraise. The Firm advised Gaja across the entire transaction lifecycle, including legal due diligence, negotiation of complex multi-party documentation, regulatory advisory, and closing assistance. The transaction team consisted of Vivek Pareek (Partner) and Sanika Gadgil (Associate). Founded in 2017 by Abhishek Negi, Uttam Kumar, and Aditya Singh, Eggoz provides high-quality, farm-fresh eggs. The company prides itself on offering one-day fresh eggs that are free from chemicals and antibiotics, sourced from hens that are fed a 100% herbal diet. Eggoz aims to make a meaningful impact on protein consumption while supporting rural egg farmers, ensuring that their products contribute positively to both health and community welfare. Source : https://www.barandbench.com/dealstreet/vertices-partners-saraf-and-partners-act-on-eggoz-167-crore-series-c-fundraise

VERTICES PARTNERS advises Dr. Gadgil Eye Hospital on majority stake acquisition by ASG Eye Hospital

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.

Antares Legal, JSA, VERTICES PARTNERS act on Miraggio Series A fundraise

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.

Rise Legal, VERTICES PARTNERS, KLA act on Tessellate Tech Ventures’ exit from Vecmocon Tech

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.

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