NABVENTURES invests in Beyond Snack

Posted On - 15 July, 2023 • 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 Dr Jackfruit India Private Limited (operating under the brand name of “Beyond Snack”). NABVENTURES invested approximately USD 3.5 million in this funding round. To read more about the transaction please click here.

Beyond Snack is engaged in the business of manufacturing and selling packaged banana chips in India.

Acuity Law’s role included conducting legal due diligence and providing legal advice and support for drafting, reviewing, negotiating, and finalizing the transaction documents including securities subscription agreement, shareholders agreement and other ancillary documents.

Acuity Law’s team was led by Souvik Ganguly and Akhil Ramesh, and very ably supported by the due diligence and transaction team members. The due diligence team members were Tanuj Modi and Shrishti Mishra. The transaction team members were Tanuj Modi and Paridhi Rastogi.