Adage Automation Private Limited, a prominent player in the gas analyzer and emission monitoring sector, has successfully secured ₹230 crore through a fundraising round. This financial milestone was led by InCred Alternative Investments, with substantial contributions from Global South Capital and Prachetas Capital.
Legal Advisors
In this significant transaction, Clove Legal provided legal counsel to Adage Automation. The legal team was spearheaded by Dharmesh Kotadia, Founder and Senior Partner, with the support of Nupur Rustagi, Partner, and Taniya Shah, Associate. Their expertise facilitated the smooth execution of the fundraising process.
AZB & Partners represented Global South Capital, bringing their extensive experience in handling complex investment transactions to the table. Meanwhile, Stratage Law Partners offered legal advice to Prachetas Capital, ensuring a seamless process for all parties involved.
About Adage Automation
Headquartered in Goa, Adage Automation stands as a leader in providing comprehensive gas analytical solutions on a global scale. The company boasts a robust presence with installations across Asia, South America, Africa, the Middle East, and Europe, emphasizing its rapid growth and international reach.
Strategic Utilization of Funds
The newly acquired funds will be strategically allocated to expand Adage Automation’s manufacturing capacity. Additionally, the company plans to pursue merger and acquisition opportunities, further solidifying its position in the global market.
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