Offline retail is the backbone of India’s retail industry and is likely to remain so even with the increasing ecommerce penetration. Most online brands are already going phygital and the demand for organised retail chains is growing faster than ever, more so in tier-2...
Nagesh is 27, based in Mysore, and has been driving vehicles to distribute FMCG products to distributors for the past few years. He is the proud owner of two Light Commercial Vehicles (LCVs) – a Tata Ace and a Piaggio Ape; he drives one himself, and has hired a...
Emergence of the creator economy, i.e. people earning from creating/distributing content online, was one of the defining decadal themes of 2010s. Today, there are 50M+ creators in the world (2M+ of which do it full time), making up a $100B+ global market. Even with...
As a consumer, I (Arpit) have had several shopping experiences I remember fondly – our local grocer reminding me of adding something to my list by virtue of knowing my family and our preferences, a retail associate helping find the right skin product for my...
Our typical thesis in SaaS is about backing great teams in new categories. This typically means that there is no established category (e.g. employee performance management or sales incentive compensation) that solves that pain point. Usually businesses solve these...
Enterprise sales is a journey, not just a transaction. It involves complex project management spread across 100s of emails, telephonic conversations, project management tools and many ad-hoc documents. Add to this, the extensive collaboration and alignment that is...
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.