Stellaris Venture Partners
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Fintech
Safety-first options trading platform

Founded in 2022

Founders

Amit Dhakad, Hiral Jain, Arshad Fahoum and Ajit Dandekar

Co-investors

Susquehanna Asia VC, Prime Venture Partners, Innoven Capital

Investment team

Mayank Jain, Ritesh Banglani

Stage invested

Seed

Year of investment

2024

Spotlight

Punch: Single-Screen Options Trading App

Mayank Jain|Investment Announcement, Investment Thesis

Stock trading platform Punch raises $7 million in a mix of debt and equity

Moneycontrol|Portfolio in the News

Punch unveils Safety-First Trading app after success with 18,000 beta testers

Mint|Portfolio in the News
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2nd Floor, Indiqube Coral,
DOS Colony, Bangalore
560075, India

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Exit Provisions

The Company and the Founders shall complete an initial public offering or a ‘strategic sale’ within 5 years from the Closing Date (“Exit Date”) on terms that are acceptable to the Investor. The failure of Company and Founders to provide an exit by the Exit Date shall not relieve the Company / Founders of their obligations to provide an exit to the Investor, which shall continue until the Investor ceases to hold any shares. In case of failure to provide exit, the Investor shall inter-alia have a drag along right on all other shareholders of the Company.

Liquidation Preference

Higher of 1x or pro rata entitlement on an as-if converted basis in any liquidity event. Liquidity event shall be defined in the definitive documents and will inter alia include change in control or sale of substantially all of the assets of the Company.

Pre-Emptive Rights

The Investor shall, in any subsequent offering of securities by the Company, have a right to maintain their shareholding in the Company. [Note to Draft: Any super pro rata rights will be over and above this and should be included here]

Valuation

The valuation section concerns what an investor believes the company is worth. valuation issues addressed in the term sheet will include: pre-money valuation, post-money valuation, capitalization table and price per share.