IndusLaw, JSA, NDA on Vertex Ventures $7.5 million investment in Flutura

Vertex SEA Fund I Pte. Ltd has invested $7.5 million in Bangalore-based tech startup Flutura Business Solutions Private Limited. This deal marks the largest series A funding in the Internet of Things sector. Lumis Partners and Hive Technolgies Trust Scheme I also invested in the deal, reports TechCircle.

DealVertex Ventures invests in Flutura
Value$7.5 million
Deal TypePE
Law FirmsIndusLaw – Vertex Ventures; JSA – Flutura; Nishith Desai Associates – Hive
Partners/HeadsIndusLaw – Anupam Prasad; J Sagar Associates – Arjun Perikal; Nishith Desai Associates – Karan Kalra

IndusLaw advised Vertex on the deal, through a team led by Partner Anupam Prasad, along with Senior Associate Deepti Agheda and Associate Nikita Rajwade.

J Sagar Associates represented Flutura through Partner Arjun Perikal and Associate Jeevith Belliappa.

Nishith Desai Associates acted for Hive, through Partner Karan Kalra and Associate Dipanshu Singhal.

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