Tanuj Modi

Senior Associate

Qualifications

B.B.A. LL.B. (Hons.), NMIMS Kirit P. Mehta School of Law, Mumbai

Memberships

Bar Council of Delhi

About

Tanuj is a member of the general corporate, private equity / venture funding, and investment funds practice group at Acuity Law. He regularly advises private equity funds, family offices and corporate clients for their cross border acquisitions, equity investments, and compliance requirements. Tanuj’s industry experience includes agri-tech, retail, recruitment, social media, and electronic vehicles.

  • 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 NABVENTURES Fund I, in a funding round of ~USD 14.9 million, in Homeville Consulting Private Limited (owner of Bharat Housing Network) (2023).
  • Advised a Japanese investor in its minority investment in a company involved in a business of logistics (2023).
  • Advised NABVENTURES Fund I, in a funding round of ~USD 3.5 million, in Dr Jackfruit India Private Limited (operating under the brand name of ‘Beyond Snack’) (2023).
  • Advised Venktesh Investment and Trading Company Private Limited, in a funding round of ~USD 1.5 million, in an Indian assisted mobility startup company (2023).
  • Advised a family office in its follow-on investment, in a funding round 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).

Articles

May 17, 2024

Regulatory Update: Second Amendment to Alternative Investment Fund Regulations

Recently, the Securities and Exchange Board of India (SEBI) has notified the SEBI (Alternative Investment Funds) (Second Amendment) Regulations, 2024 (AIF Second Amendment Regulations), amending the SEBI (Alternative Investment Funds) Regulations, 2012 (AIF Regulations). The amendments aims to provide: (a) ease of doing business and flexibility to category I and II alternative investment funds (AIFs) […]

Read more
March 31, 2023

Foreign portfolio investors – streamlining the onboarding process

The Securities and Exchange Board of India (SEBI) on 27 March 2023 issued a circular (Circular) to simplify the procedural requirements for onboarding and registration of Foreign Portfolio Investors (FPIs) by designated depository participants (DDPs), and to reduce the time taken for grant of registration to FPIs. We have summarised below the key changes introduced […]

Read more
March 23, 2023

SEBI Proposes Changes to the AIF Regime

The Securities Exchange Board of India (SEBI) has, in the month of February 2023, released five consultation papers proposing changes to the Alternative Investment Funds (AIF) regime in India, particularly in relation to: (I) eligibility criteria and qualifications for key investment team and compliance officer of manager of an AIF; (II) dematerialisation of units of AIFs; (III) buying and […]

Read more
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 […]

Read more
June 21, 2022

Revamped IRDAI norms liberalise the selling of insurance products

The Insurance Regulatory and Development Authority of India (IRDAI) vide multiple circulars dated 01st June 2022 and 10th June 2022 has extended the ‘use and file’ procedure to all health insurance products, most general insurance products under fire, motor, marine and engineering insurance, and most life insurance products. This relaxation is in line with the […]

Read more

DEALS

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). […]

Read more
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 […]

Read more
March 1, 2023

Acuity Law representesh Venktesh, in the Series B Funding Round in Arcatron Mobility

We are pleased to announce that Acuity Law acted as the sole legal advisor to Venktesh Investment and Trading Company Private Limited (“Venktesh”) in its investment in Arcatron Mobility Private Limited (“Company”). Venktesh was the lead investor in this series B funding round of INR 12.5 crores. To read more about the transaction please click […]

Read more