JSA advised Chakr Innovation Private Limited (“Chakr Innovation”)and its promoter Kushagra Srivastava in the Series C round of USD 23 million (approx. INR 193.5 crore) led by Iron Pillar.
Chakr Innovation is a deeptech startup focused on developing clean technology solutions, including emission-reducing devices for diesel generators, and is also working on indigenous energy storage technology aimed at reducing India’s dependence on lithium-ion chemistry. The funds raised in this round will support manufacturing, global expansion, and R&D, including the establishment of a new materials science centre for critical technologies.
The JSA team was led by Lalit Kumar (Partner), Bharati Joshi (Partner), Ruchika and Muskaan Gupta (Associates). The vendor due diligence team included Ruchika, Muskaan Gupta, and Sameer Dahiya (Associates). On the tax aspects of the transaction, Kumarmanglam Vijay (Partner) along with Tejasvi Shukla and Harshita Agrawal (Associates) advised Chakr Innovation.
Bharati specialises in Private Equity and Mergers and Acquisitions. She has been involved in large and complex transactions for Indian and global corporations.