Veritas Legal Guides Raphe mPhibr on Record Defence Investment

Veritas Legal has represented Noida-headquartered defence and aerospace technology company Raphe mPhibr, as well as its co-founders Vivek Mishra and Vikash Mishra, in raising a USD 100 million primary investment from a General Catalyst-led consortium, with Think Investments and a group of high-net-worth individual investors also putting in their money.

The deal represents India's largest-ever private capital investment in its defence technology and drone industry and is anticipated to greatly augment Raphe mPhibr's aircraft design and manufacturing capacity, solidifying its position as a leading company in domestic UAV solutions.

Key Highlights-

• Veritas Legal advises Raphe mPhibr on USD 100 million defence sector investment
• Largest private capital deal in India’s drone and defence technology sector
• Investment to boost indigenous UAV design and manufacturing capacity

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Mana Raheja, head of partner at Veritas Legal said, "The firm has been advising Raphe mPhibr over the last few years, including its fundraising transactions," who is heading the deal team with principal associate Ankit Kumar and associate Kapeesh Grover. “The transaction is the biggest private capital investment in the nation's defense technology and drone space to date.". It happens at a time when the Indian government has accorded a lot of emphasis and impetus to indigenous defence production, particularly unmanned aerial vehicles. The Indian armed forces have used Raphe's drones, highlighting the strategic value of its defence-grade drones for India," Raheja said.

Veritas Legal served as general counsel and strategic advisers to Raphe mPhibr and founders, offering end-to-end legal services from deal structuring to documentation and closing. IndusLaw advised General Catalyst, and Anagram Partners represented Think Investments. The in-house counsel represented the HNI investors. The historic deal signals increasing investor faith in India's high-tech defence network.