JSA Advocates and Solicitors advised Lok Capital on its $6.2 million investment in Hyderabad based Dronetech company Marut Drones. This would be Marut Drones' series A funding.
The transaction team of JSA consisted of Siddharth Mody (Lead Partner), Prerana Chaudhari (Principal Associate), Alister Sequeira (Senior Associate) and Ayush Chaturvedi (Associate).
Marut Drones, an Hyderabad-based company, plans to deploy these funds to accelerate several strategic initiatives, such as developing cutting-edge agricultural drones tailored to specific customer needs.
The company develops drones for agricultural productivity, healthcare logistics, drones for prevention of mosquito-borne diseases and aerial seeding.
Marut Drones has trained over 700 drone operators and operates a fleet of about 750 drones across 14 states. The company is part of T-Hub's Lab32 program.
If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.