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Akhil Ramesh

Senior Associate

Qualifications

B.A, LL.B. (Hons.), Gujarat National Law University

Memberships

Bar council of Tamil Nadu and Puducherry

About

Akhil is a member of the investment funds, private equity / venture funding practice group at Acuity Law. He regularly advises private equity funds and corporate clients in connection with cross border acquisitions, equity investments, exit strategies and compliance requirements. He also works with the firm’s Restructuring & Insolvency group on creditor side recoveries. Akhil’s industry experience includes agri-tech, retail, logistics, recruitment, and social media.

  • Advised a Government managed financial institution for its venture debt funding of ~USD 26 million to various entities, across industries including artisan bakery; lifestyle; skincare; electric vehicles; logistics; finance; cloud communication; and space exploration (2024).
  • Advised a Japanese investor in its minority investment in a company involved in a business of logistics (2023).
  • Advised a Government managed fund for its venture debt funding to entities in the range of ~USD 625,000 (2023)
  • Advised a family office in its follow-on investment of ~USD 8.7 million in a public unlisted company in the retail business (2022)
  • Advised a Japanese company on proposed entry into the recruitment business in India (2022)
  • Advised a Government managed investment fund in its fund raise of ~USD 76.6 million (2022)
  • Advised NABVENTURES Limited in the Series A equity funding round of ~USD 3.5 million in Eggoz (2021)
  • Advised NABVENTURES Limited in the Pre-series A funding round of ~USD 2 million in Vilcart Solutions Private Limited (2021)
  • Advised NABVENTURES Limited in the sale of its minority stake from Fraazo (2021)
  • Advised the lead investor in its ~USD 9 million investment in a public unlisted company in the retail business (2021)
  • Advised the exiting minority shareholder from its joint venture partnership in the automobile sector (2020)
  • Advised a Singapore-based financial creditor in its claim of ~USD 25 million against an Indian company undergoing insolvency resolution and liquidation process (2020)
  • Advised a company engaged in AI driven video analytics in its seed round funding from individual and instsitutional investors (2020)

Related Posts

March 4, 2024

Acuity Law acted as the legal advisor to NABVENTURES Limited in funding round of INR 1.25 billion (~ USD 14.9 million).

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 Homeville Consulting Private Limited (owner of Bharat Housing Network) (Company). NABVENTURES was the lead investor in this funding round of INR 1.25 billion (~USD 14.9 million).…
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March 4, 2024

Acuity Law assisted Webber Wentzel in funding of INR 13.2 billion (~USD 159 million).

We are pleased to announce that in the transaction involving Varun Beverages Limited’s proposed acquisition of South Africa-based The Beverage Company (Proprietary) Limited and its wholly-owned subsidiaries (BEVCO), Acuity Law assisted Webber Wentzel, legal counsel to BEVCO and its shareholders, on India law related matters. BEVCO is engaged in the business of manufacturing and distributing…
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April 10, 2023

Non-financial Disclosures – Rise to Fame

Globally, there is a rise in the regulation of corporate behaviour based on non-financial factors such as sustainability and environmental, social and governance (ESG) impact. In 2022, about 65 countries have enacted 100 new policies and regulatory measures related to sustainable finance and ESG norms (Green Finance Platform, December 2022). This includes countries across the…
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January 25, 2023

India: Rules Governing the Gig Economy

During the last couple of decades, with the expansion of technology, internet, urbanization and more recently the COVID-19 pandemic, the debate on ‘what is the future of work’ has been rife among employers. In the 2019 report of the World Bank Group on the ‘Changing Nature of Work’, it was estimated that less than 0.5%…
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January 16, 2023

Finfluencers to be regulated soon!

Introduction Securities and Exchange Board of India (SEBI), ensures transparency, fairness, and efficiency in the functioning of the Indian securities market. It regulates a diverse range of entities dealing with securities, including stock exchanges, brokers, depositories, and mutual funds; safeguards the interests of investors; promotes the development of the stock exchange, while also overseeing[i] the registration…
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July 29, 2022

Licensing of premises is a ‘Service’ under insolvency law

Under the Insolvency and Bankruptcy Code, 2016 (Code), a trade creditor may initiate corporate insolvency resolution process if there is an unpaid operational debt above INR 10 million. An ‘operational debt’ under the Code means a claim in relation to goods and services. The insolvency courts have provided divergent views on the issue of whether…
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October 10, 2022

IBBI prescribes fee structure for insolvency professionals

Under the Insolvency and Bankruptcy Code, 2016 (Code), the resolution professional or the interim resolution professional (collectively referred as RP) is vested with the responsibility of running the business of the corporate debtor as a going concern and conducting the corporate insolvency resolution process (CIRP). The RP must also ensure that CIRP is conducted in…
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August 18, 2022

Withdrawal & settlement under liquidation

While the corporate insolvency resolution process (CIRP) is underway, sometimes it is common for the creditor and the entity under CIRP (Corporate Debtor) to enter discussions where the parties may come to a mutual understanding to settle the debt. In such cases, a creditor may withdraw the application made against the Corporate Debtor for admission…
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July 11, 2022

Securities and Exchange Board of India (SEBI) circular dated 24 June 2022

SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI) CIRCULAR DATED 24 JUNE 2022 (CIRCULAR) ON (A) THE REQUIREMENT OF A COMPLIANCE OFFICER FOR MANAGERS OF ALL THE ALTERNATIVE INVESTMENT FUNDS (AIFS) AND (B) GUIDELINES FOR LARGE VALUE FUNDS FOR ACCREDITED INVESTORS (LVF) UNDER THE SEBI (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012 (AIF REGULATIONS) A.  Requirement of a compliance…
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April 5, 2022

Private Placement Memorandum

Alternative Investment Funds (“AIFs”/ “Funds”) are privately pooled investment vehicles which collects funds from investors, whether Indian or foreign, for investing such funds in accordance with a defined investment policy for the benefit of their investors. AIFs in India are governed by the Securities and Exchange Board of India (Alternative Investment Regulations), 2012 (“AIF Regulations”)…
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October 19, 2021

NABVENTURES exits FRAAZO

We are pleased to announce that Acuity Law acted as the legal advisor to NABVENTURES in its exit from FRAAZO. This was NABVENTURES’ first exit transaction. NABVENTURES sold its minority stake in FRAAZO (a D2C brand in the fresh fruits and vegetables market) to incoming investor Westbridge Capital. Acuity Law assisted NABVENTURES in finalising the…
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November 23, 2021

NABVENTURES invests in Vilcart

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. …
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December 9, 2022

NABVENTURES invests in Eggoz

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 Nupa Technologies Pvt. Ltd (Eggoz). NABVENTURES Fund I is managed by NABVENTURES Limited, a wholly owned subsidiary of the National Bank for Agriculture and Rural Development…
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July 15, 2023

NABVENTURES invests in Beyond Snack

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…
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February 8, 2024

Acuity Law Advises on India Law Issues on INR 13.2 Billion USD 159 Million M&A Deal

We are pleased to announce that in the transaction involving Varun Beverages Limited’s proposed acquisition of South Africa-based The Beverage Company (Proprietary) Limited and its wholly-owned subsidiaries (BEVCO), Acuity Law assisted Webber Wentzel, legal counsel to BEVCO and its shareholders, on India law related matters. BEVCO is engaged in the business of manufacturing and distributing…
Read more
May 2, 2024

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…
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