India spends close to USD 120 bn on healthcare each year, of which 80% spend happens on hospitalizations. More than 90% of this spend comes out of pocket. This has left a vast majority of the Indian population with healthcare bills disproportionate to their incomes....
Loadshare is an asset light logistics network powered by technology. Founded in 2017, today the network spans over 4000+ pincodes and has 130+ active partners who are an integral part of the offering. Stellaris Venture Partners and Matrix Partners are the primary...
The next wave of 300 mn vernacular Indian users coming online has been the talk of the town for a while now, and rightly so, given the massive implications it has on multiple industries such as content, commerce platforms or brands. We have seen many startups emerge...
“Indians are an opinionated lot” – so much so that Mr. Narendra Modi made ‘Chai pe charcha’ as the key publicity drive of his last election campaign. But you don’t need to take anyone’s word for it – you just need to attend an Indian wedding or visit the...
Founded in 2008, Capillary Technologies has since then seen numerous ups and downs to become one of India’s largest cloud-based platform for providers of omni-channel customer engagement solutions to retailers and brands. The growth trajectory of this...
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.
