Clove Legal, AZB & Partners, Stratage Law act on Adage Automation ₹230 crore fundraise

Adage Automation Private Limited has raised ₹230 crore from a fundraise led by InCred Alternative Investments, with participation from Global South Capital and Prachetas Capital.

Clove Legal advised Adage Automation on this fundraise.

The transaction was led by Dharmesh Kotadia (Founder and Senior Partner), with support from Nupur Rustagi (Partner) and Taniya Shah (Associate).

AZB & Partners advised investor Global South Capital; and Stratage Law Partners advised investor Prachetas Capital on this fundraise. 

Adage is a Goa-based maker of gas analyser and emission monitoring systems. The Company is one of the fastest growing total gas analytical solution provider in the world with installations in Asia, South America, Africa, Middle East and Europe.

The funds will be channeled towards expanding manufacturing capacity and M&A purposes.

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