Stellaris Venture Partners
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B2B Commerce
A sustainable packaging company helping brands meet their sustainability goals

Founded in 2022

Founders

Ankur Gupta, Kapil Bhardwaj, Vaibhav Goel

Co-investors

Matrix Partners India

Investment team

Mayank Jain, Rahul Chowdhri

Stage invested

Pre-Seed

Year of investment

2023

Spotlight

Eco-friendly packaging firm Cirkla raises $3 million in funding from Matrix Partners, Stellaris Venture

Economic Times|Portfolio in the News

From plastic to sustainable alternatives: Our investment in Cirkla

Mayank Jain|Investment Announcement

Sustainability-Focused Cirkla Secures $3M Funding led by Matrix and Stellaris

YourStory|Portfolio in the News
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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.