12 October 2020
We are pleased to announce that Acuity Law acted as the legal counsel to NABVENTURES Fund I in its recent investments in two agri-tech startups:
- Krishitantra; and
- Unnati
For both the transactions, Acuity Law conducted the legal due diligence, assisted in the finalization of the term sheets and transaction documents, advised on tax and legal issues and assisted in closing the transactions.
Acuity Law’s team was led by Samrat Roy, and very ably supported by Aman Bagaria, Reshma Nair, Chandan Mohanty, Altamash Qureshi and Shiny Dsouza.
NABVENTURES Fund I is managed by NABVENTURES and NABARD (India’s premier agricultural finance and rural development institution) is its anchor investor. NABVENTURES invested $1.7 million, in a pre-Series A funding in Unnati, an agri-input and produce platform and NABVENTURES, together with co-investor Omnivore, invested $1 million in Krishitantra, a soil-tech platform, in its seed round of funding. NABVENTURES is emerging as a prolific agri-tech investor with 3 investments during this Pandemic.
Please click on the links below for more information on the transactions:
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Please click on the links below for more information on the transactions:
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https://www.vccircle.com/nabard-s-vc-arm-omnivore-bet-on-soil-tech-platform-krishitantra/
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https://www.vccircle.com/nabard-fund-ploughs-into-former-paytm-exec-s-startup.
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Samrat Roy, and very ably supported by Aman Bagaria, Reshma Nair, Chandan Mohanty, Altamash Qureshi and Shiny Dsouza.
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For further information, please contact:
Souvik Ganguly, Partner, Acuity Law
al@acuitylaw.co.in
