News

DMD Advocates represented and advised Prowess Advisors

14 Feb 2023
  • DMD Advocates
  • Deal Reporting

DMD Advocates represented and advised Prowess Advisors in (a) its foray into the fund management space by acquiring a majority stake in Acorn Fund Consultants Pvt Ltd from Centrum Group and its earlier partner on the platform, and (b) becoming a co-sponsor of Kalpavriksh Fund, a category II venture capital fund. Acorn presently manages Kalpavriksh Fund. An operational early-stage Fund, Kalpavriksh has investments across sectors such as nutraceuticals, green mobility, edtech and consumer business.

The transaction for DMD Advocates was led by Rashi Dhir, Senior Partner, Saiyam Chaturvedi, Counsel, and Divay Rastogi, Principal Associate.

Associates Priyanka Hazarika, Aditya Sharma, Astha Jindal, and Aditi Kumari assisted the team in the due diligence exercise.

Other News

© DMD Advocates, 2023

Designed and maintained by Grapdes

Disclaimer

This website has been designed only for the purpose of dissemination of basic information on DMD Advocates and is not meant for advertising or for soliciting work by DMD Advocates. The information provided through this website should not be construed as legal advice and is not intended to create any attorney-client relationship between DMD Advocates and the reader. Readers are requested to seek formal legal advice prior to acting upon any information provided herein.

I Agree