November 2020. The covid pandemic is raging around the world. In India, where we are confined to our homes in a complete lockdown, two teenagers ask a simple question: Why does it take a full 24 hours to get groceries delivered at home? Can we combine the service...
Watch Sarbvir Singh, Policybazaar, and Ashish Kashyap, INDMoney in conversation with Ritesh Banglani on building new-age distribution platforms for financial products. 00:00 – 01:31: Introduction 01:32 – 02:59: Philosophy of Policybazaar 03:00 – 03:55: Core essence of...
Watch Rajeev Ahuja, Executive Director, RBL Bank, and Akhil Handa, Chief Digital Officer, Bank of Baroda in conversation with Ritesh Banglani on what banks want from fintech startups. 00:00 – 00:39: Introduction 00:39 – 08:59: How banks go about choosing...
Watch Jitendra Gupta, Founder, Jupiter and Sumit Gwalani, Co-founder, Fi in conversation with Ritesh Banglani on the evolution of neo-banking in India: consumer behaviour, monetization opportunities, regulatory landscape and the way forward. 00:00 – 01:07:...
Credflow started in 2020 with a mission of making SMEs cash rich by reducing their working capital stuck in long receivable cycles. With its full stack cash flow management solution, Credflow has been helping SMEs manage their finances better, drive smarter business...
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.
