Khaitan & Co Advised SIDBI Venture Capital On Investment In Digantara Research And Technologies

Khaitan & Co Advised SIDBI Venture Capital On Investment In Digantara Research And Technologies

Khaitan & Co advised SIDBI Venture Capital Limited (SIDBI) in its investment in Digantara Research and Technologies Private Limited (Digantara) as part of the Series A funding round, amounting to approximately INR 100 crores (USD 12 million). This round was led by SIDBI, PeakXV, Kalaari Capital, and Aditya Birla Ventures.

Digantara specializes in business research and technology development in the space sector, with a focus on creating technologies for space situational awareness and space navigation, including relevant aerospace technology products. These innovations aim to promote safe and sustainable space operations.

The Core Team involved in this transaction included Sanchit Agarwal (Partner), Pulkit Chaturvedi (Principal Associate), and Jubin Jay (Senior Associate).

Their responsibilities encompassed reviewing legal due diligence, negotiating and finalizing the share subscription agreement, shareholders' agreement, employment agreements for the founders, and other related ancillary documents.

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