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Full ratchet versus weighted average anti-dilution, on a real cap table
Anti-dilution clauses read the same in almost every Indian term sheet: a promise that if the company raises a future round at a lower price, the existing investor's conversion price adjusts. What differs, and what decides how much of the…
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Month End Close Checklist for Startups: From 15 Days to 5
Most funded Indian startups treat month-end close as an accounting task. Their finance team or CA runs through it in the background, and the founder gets a P&L somewhere between the 12th and 18th of the following month. By then,…
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THE DRAFT NATIONAL DEEP TECH STARTUP POLICY
The Office of Principal Scientific Advisor to the Government of India published the Draft National Deep Tech Startup Policy (NDTSP) for public recommendations. According to Startup India’s database, as of May 2023, more than 10,000 startups in India can be…
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