Stellaris Venture Partners
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SaaS
Digital Adoption Platform driving software adoption by providing in-app guidance

Founded in 2014

Founders

Khadim Batti, Vara Kumar

Co-investors

Helion Venture Partners, Eight Roads Ventures, F-prime Capital, Sequoia Capital, Softbank Ventures

Investment team

Alok Goyal

Stage invested

Series A

Year of investment

2017

Spotlight

Whatfix raises $90 mn funds from SoftBank

Mint|Portfolio in the News

Whatfix acquires Leap to expand mobile capabilities

Economic Times|Portfolio in the News

Re-Inventing User Adoption and Support – Our Investment in Whatfix

Alok Goyal|Investment Announcement

How Whatfix evolved its pricing and go-to-market strategy

Aditi Gupta|Functional Notes

Whatfix: What we Learnt from Series A to Series B in a SaaS Business

Alok Goyal|Investment Announcement

Whatfix: Helping businesses on their digital journey

Financial Express|Portfolio in the News

SaaS Talks #1: Asian Elephants vs American Rabbits

Joveena Abreo|SaaS Talks
View All
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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.