Technology is enabling a wave of innovation in the agriculture space addressing several challenges. We’re excited to share a landscape of India’s promising Agritech Startups...
A $16B large industry, growing 11% YoY – Specialty Chemicals Exports market is awaiting transformation. In this blog, we uncover the market opportunities and the...
B2B Commerce marketplaces are shaping the future of business globally. India too is poised to continue its rapid growth in this space. We’re excited to...
Brijesh Agrawal, Co-founder & Director at @IndiaMART InterMESH Ltd, India’s largest online B2B marketplace. A visionary, Brijesh has been the brain behind creation of a plethora...
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.
