Investment in Akshamaala Solutions Private Limited by NABVNETURES FUND I

We are pleased to announce that Acuity Law was the legal advisor to NABVENTURES Fund I in the seed round funding of ~USD 1.7 million in Akshamaala Solutions Private Limited.

Acuity Law’s role included conducting legal due diligence on the company and advising on issues identified from the legal due diligence, their implications and recommending steps to mitigate and resolve risks; drafting, negotiating and finalising the transaction documents; and providing closing assistance to the client and the company in closing including reviewing and finalizing corporate resolutions and forms to be filed with authorities in connection with issuance of shares.

Our team was led by Souvik Ganguly.