India - Deal Announcement: Acuity Law Advises Nabventures Fund I In Tendercuts Investment.

Legal News & Analysis - Asia Pacific - India - Investment Funds

15 February 2021

 

We are pleased to announce that Acuity Law acted as the legal counsel to NABVENTURES Fund I (managed by NABVENTURES), in which NABARD (India’s premier agricultural finance and rural development institution) is the anchor investor, in its recent investments in TenderCuts.
 

NABVENTURES, together with co-investor Paragon Partners, invested $15 million in TenderCuts, which is an omnichannel meat and seafood brand. TenderCuts provides freshly cut meat and seafood to customers through its neighbourhood stores, which cater to both online shoppers and walk-in customers.
 

Acuity Law advised and assisted NABVENTURES in the finalization of the legal documentation and provided closing assistance for the transaction.
 

Acuity Law’s team was led by Souvik Ganguly together with Samrat Roy and Saumya Sharma.
 

Please click on the link below for more information on the transaction:
 

https://www.business-standard.com/article/companies/meat-brand-tendercuts-raises-15-mn-from-paragon-partners-nabard-vc-121020800705_1.html.