Stellaris Venture Partners
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Fintech
Education financing platform for skill-development, coaching and higher education

Founded in 2017

Founders

Bibhu Prasad Das, Victor Senapaty, Brijesh Samantaray

Co-investors

India Quotient

Investment team

Ritesh Banglani, Mayank Jain

Stage invested

Seed

Year of investment

2017

Spotlight

Meet the founders who declined investor advice, and have just raised $35M

YourStory|Portfolio in the News

Propelld Founder Victor Senapathy Talks About Educational Loan Products Available With The Company

CNBC-TV 18|Portfolio in the News

Education financing startup Propelld raises Rs 15 Cr from Stellaris Venture Partners and India Quotient

YourStory|Portfolio in the News
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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.