We’re thrilled to announce the close of our third fund of $300 million to back early-stage founders in India building for Indian and global markets. Our strategy with the new fund remains consistent with our first two funds. We will continue to back companies in...
CTOs are facing the new reality of doing more with less. As the demand for sophisticated data infrastructure continues to surge, market dynamics emphasize the need for cost optimization. The emergence of LLMs has also opened up exciting opportunities to redefine...
Over the past few months, we’ve seen a plethora of Generative AI applications emerge across various fields; predominantly focusing on business use cases such as sales & marketing, coding, etc., or for infotainment through art, comic generation, and more. ...
In May 2019, we partnered with Slintel – a company we had known for 2 years prior – by leading their seed round. They have grown from strength to strength since then – ARR up >30X, ACVs up >2X – and recently announced their acquisition by...
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...
As investors, we are asked several times a month – “How do you decide which start-up to invest in?”. Despite the universal truth that the market trumps everything else, we all invest first and foremost behind great teams, market be damned. However, we usually fail to...
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.