26 November 2021
We are pleased to announce that Acuity Law acted as the legal advisor to NABVENTURES Limited and NABVENTURES FUND I (together referred to as NABVENTURES) in its investment in Vilcart Solutions Pvt. Ltd (Vilcart).
NABVENTURES Fund I is managed by NABVENTURES Limited, a wholly owned subsidiary of the National Bank for Agriculture and Rural Development (NABARD). Vilcart is a start-up company which is re-defining the rural unorganised retail industry with the use of technology.
Acuity Law assisted NABVENTURES in conducting the legal due diligence; drafting, negotiating and finalising the transaction documents; and assisted in closing the investment.
The transaction team members at Acuity Law were Souvik Ganguly, Saumya Sharma, Akhil Ramesh, Altamash Qureshi, Aman Bagaria and Chandan Mohanty.
To read more about the transaction please click here: https://www.vccircle.com/nabventures-fund-invests-in-pre-series-a-round-in-agritech-startup-vilcart
