Gamechanger Law Associates, Nishit Desai Associates, Indus Law and Tatva Legal acted on Mindgrove Technologies Private Limited $8 million Series A fundraise co-led by Speciale Invest and Rocketship.vc.
GameChanger Law Advisors represented lead investor Speciale Invest on this fundraise. The Firm assisted Speciale Invest in reviewing and negotiating the transaction documentation.
The transaction team consisted of Samheeta Rao (Senior Partner) and Janhavi Kukreja (Associate).
Nishith Desai Associates represented lead investor Rocketship.vc on this fundraise.
IndusLaw represented existing investor Peak XV Partners on this fundraise.
Tatva Legal represented Mela Ventures on this fundraise.
Founded in 2023 by Shashwath T R and Sharan Srinivas J, Mindgrove Technologies is an Indian semiconductor startup developing high-performance microprocessors based on the open-source RISC-V architecture. Their System-on-Chips (SoCs) are designed to power a range of devices, including smartwatches, smart locks, CCTVs, power meters, and smart fans. By leveraging the RISC-V architecture, Mindgrove aims to provide cost-effective and efficient semiconductor solutions for the growing demand for smart devices in India and globally.
This $ 8 Mn investment will fuel the commercial rollout of Mindgrove's first microcontroller chip, "Secure IoT," expected to reach the market by mid-2025.
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