IC RegFin Legal Advises on Mantra Group ₹125 Crore Fundraise

"IC RegFin Legal advised lead investor India SME Fund II, with participation from Motilal Oswal Principal Investments, on Mantra Group's ₹125 crore institutional fundraise. Mantra, a deeptech provider of biometric, RFID and AI-enabled access-control solutions, will use the proceeds to establish a Center of Excellence for AI and Computer Vision and to scale DSIR-approved R&D for domestic and international product deployment."

IC RegFin Legal acted for lead investor India SME Fund II in Mantra Group's ₹125 crore fundraise, with participation from Motilal Oswal Principal Investments and investment into Mantra Group. The transaction involved an institutional investment of ₹125 crore (approximately $14 million) in Mantra Group, led by India SME Fund II with participation from Motilal Oswal Principal Investments. This was Mantra Group's first institutional fundraising round. Mantra Group, established in 2006, is a deeptech company specialising in biometric sensors, RFID products, access-control systems and other computer vision and AI-based devices, supported by an R&D team with multiple U.S. patents. The company plans to use the fresh funds to establish a Center of Excellence for AI and Computer Vision and to scale its DSIR-approved R&D capabilities to accelerate product development and introduce innovative solutions across domestic and international markets. IC RegFin Legal represented India SME Fund II with a team composed by: Puneet Shah (Partner), Abhinav Gupta (Senior Associate), and Associates Daksh Dave, Abhishek Singh and Nishigandha Bhadange.

IC RegFin Legal Advises on Mantra Group ₹125 Crore Fundraise

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