Acuity Law advised Nabventures on two recent investments in agri-tech startups – a US$1 million seed fund investment, along with agriculture and food systems investor Omnivore, in Krishitantra, and US$1.7 million in a pre-Series A funding in Unnati.
While IC Universal Legal advised Omnivore, neither Krishitantra, which is the operational name of Klonec Automation Systems, nor Unnati, which is the operational name of Akshamaala Solutions, used legal advisers.
Acuity Law’s team comprised partner Samrat Roy, and associates Aman Bagaria, Reshma Nair, Chandan Mohanty, Altamash Qureshi and Shiny Dsouza.
The Krishitantra deal was signed on 30 September and closed on 15 October, while the Unnati deal was signed on 2 October and closed on 6 October.
Nabventures, which is a subsidiary of Nabard (National Bank for Agriculture and Rural Development), made the investment through Nabventures Fund I.