VC Fund Investments
Semiconductor design player FermionIC Design to raise $6-M from Ashish Kacholia
Bengaluru-based FermionIC Design Pvt Ltd , a semiconductor chip design player, is to raise about INR 50 crore (USD 6 million) via two tranches in an investment round led by Ashish Kacholia. FermionIC will use the funds to expand its product range within the domestic market and diversify into international markets. Prime Securities was the exclusive investment banker to the transaction. S Dayma & Co was the exclusive legal and financial advisor to Ashish Kacholia.FermionIC is engaged in the business of design, development and commercialization of integrated chips/semiconductor chips used in applications such as radars for defence, radio frequency-based communication, satellite communication, weather monitoring/forecasting, and remote sensing.
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