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JSA Advises Microsoft Corporation for its Investment in FarEye

JSA Advises Microsoft Corporation for its Investment in FarEye

J. Sagar Associates advised Microsoft Corporation, in relation to investment by M12, a venture capital division of Microsoft Corporation, in Robotic Wares Private Limited (popularly known as FarEye) for approximately US$ 10 million by way of subscription to compulsorily convertible preference shares issued by Fareye in the Series D round. M12 was the lead investor in this round. The other investors who participated were Eight Roads Ventures India III LP (Eight Roads) for approximately US$ 5 million, Honeywell Venture Capital LLC (Honeywell) for approximately US$ 5 million and SAIF Partners India V Limited (SAIF) for approximately US$ 3 million. FarEye is engaged in machine learning predictive platform for businesses to execute, track, collaborate, predict and optimize movement of goods. JSA Team comprised Partner Lalit Kumar, Senior Associates Amandeep Singh Virk and Radhika Gupta and Associate Aakanksha. The tax related aspects were advised by Partner Kumarmanglam Vijay.

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