We are pleased to announce that LegaLogicadvised Padcare Labs Private Limited on its Pre-Series A fundinground of USD 3 Mn. The round was led by Zerodha’s investment arm,Rainmatter Capital, with participation from 3one4 Capital, Lavni Ventures, 3iPartners, Brigade Innovations, and PKRBCV Shroff Trust.

Padcare is engaged in the business ofdeveloping technologies and delivering services that are aimed attransforming sanitary waste management through sustainable and innovative solutions.

Read more at: 

1. Sanitarywaste recyclerPadCareLabs raises $3 million from Nithin Kamath’sRainmatter, others - The Economic Times
2. RainmatterLeads USD 3 Mn Pre-Series A Funding forPadCareLabs
3. PadCareLabsRaises $3 Mn in Pre-Series A Led by Nithin Kamath's Rainmatter with participationfrom 3one4 Capital and Brigade REAP

LegaLogic (www.legalogic.com)acted as the sole legal counsel to Padcare and advised on thedrafting, negotiation, and finalization of the transaction documents, as wellas the successful closing of the transaction.

Commenting on LegaLogic’s role, Mr.Ajinkya Dhariya, Founder (Padcare Labs Private Limited) said: 

LegaLogic was a dependable partner throughoutthe transaction. Their responsiveness, practical advice and deepunderstanding of transactions helped us navigate the process smoothly.

‍