Brijesh Agrawal, Co-founder & Director at @IndiaMART InterMESH Ltd, India’s largest online B2B marketplace. A visionary, Brijesh has been the brain behind creation of a plethora of innovative products at IndiaMART. He is known for his dynamic leadership style...
In India, small fleet operators fulfil 85% of India’s logistics needs. Although the backbone and crucial player in the logistics economy, the trucking industry is riddled with inefficiencies. The Indian government will announce the much-awaited National Logistics...
Krishna Kumar, Founder & CEO at Simplilearn has transformed the Indian edtech space by building the world’s #1 online bootcamp for digital skills training. Krishna started the Simplilearn journey with a passion for blogging and teaching. He strongly believes...
Rajesh Yabaji, Co-founder & CEO at BlackBuck is building India’s largest trucking platform with the aim of transforming trade in India. Rajesh has pole vaulted as an entrepreneur, driven by his resilience and perseverance. An IIT Kharagpur graduate, Rajesh...
Skillful inventory management, last-mile logistics planning, and tight execution are key to pull off the seemingly impossible. You might have noticed advertisements all over your city or web browsers claiming to deliver your groceries and daily needs in 10...
Banks know that technology is the foundation for future growth. And accelerating the adoption of tech is one of their biggest priorities. It’s impossible to think of banking without technology. Most financial institutions offer digital services that are quick, safe,...
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.