DUE DILIGENCE PROCESS:
- Company shares the pitch deck
- A deep dive call/meeting to understand the business in detail
- To understand whether the opportunity interests us
- To discuss the basic process and fundraise details
- Post the call companies are asked to share :
- Financial model - actuals and projections
- Capitalization table
- Literature on the industry and market in which business operates
- Reference calls made by the team to customers, advisors, and other stakeholders of the business like suppliers, previous investors etc.
- To understand industry dynamics, the problem that business solves and value it adds to customers
- To take feedback on the product and management team
- We connect founders with experts and other investors in our network. This helps us to :
- Collect feedback from our network to get a richer perspective on the business and team
- Investors in our network, if they are interested in the opportunity, may also choose to co-invest with us
- Our team visits the company's office to take product demo and meet the entire team
- A term sheet to be drafted and shared with us
- Reiteration of the term-sheet to finalize the clauses as per mutual agreement
- Legal and accounting compliance needs to be completed
- Face to face meeting between investors and promoters
- SHA is circulated and post-execution fund disbursement takes place
Each step should take a maximum time of a week assuming all the information is available when required.