NATIONAL, 19 JUNE, 2020 (GPN): Ms. Roma Priya, Founder of Burgeon Law:“In the last few weeks, we are seeing some deal movements. We have seen some investors issuing fresh commitments and term sheets though most of them remain for early stage deals or bridge rounds. Considering the possible decline in valuation expectation and the changed economic conditions, the investors are refiguring their investment thesis and some investors are also looking with an opportunistic point of view. We are also seeing some strategic movement and play and expect to see a lot of consolidations as companies running out of runway will try to look out for strategic deals if fund raise is not on cards.

We are also seeing businesses evaluate their business model and pivot to survive the unprecedented economic environment.

Finding a silver lining, we have also observed that a majority of B2B tech companies have not been affected by the slump as their services have become a necessity because of the lockdowns. Also, sectors like edtech, online gaming, telemedicine, online entertainment, and agritech have played a major role in holding the economy together. We are getting a lot of queries from promoters to enquire about the potential extension of their funding rounds and impact on closure. Most promoters have extended the runway of their current capital to ensure they get past the difficult times.”

About Burgeon Law – Burgeon Law is a new-age boutique law firm that provides a one-stop legal shop to emerging companies, incubators, accelerators, angel investors, family offices and venture capital/ private equity funds. Started in 2015 by an entrepreneurial lawyer, mentor, and startup enthusiast Roma Priya, it has facilitated 400+ deals since inception and has successfully represented leading Indian and international clients from multiple jurisdictions such as Singapore, USA, the UK, Mauritius, China, and Japan. Some of the top clients successfully served by Burgeon Law are INDwealth, AngelList, VH Capital, Bulbul, GrowX, Innerchef, Money 91, Akiva, GSF Accelerator, Mamaearth, BiryaniByKilo, Suman Munjal Family Office, Niki.ai.