NABVENTURES invests in Vilcart

Posted On - 23 November, 2021 • By - admin

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, Akhil Ramesh and Altamash Qureshi.

To read more about the transaction please click here: