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Practice Areas / Fundraising
Capital moves on paper.
A round is not closed when the money arrives. It is closed when valuation, control, and downside protection are settled in a single set of documents. We sit at that table for the three parties who occupy it: founders raising, funds deploying, and the platforms that build the pipeline between them.
One transaction, three seats.
Fundraising is the one exercise where a company's founders, its investors, and the ecosystem that connects them are all bound by the same instruments: the term sheet, the subscription agreement, the shareholders' agreement, and the cap table that results.
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Each seat reads those instruments differently. A founder is negotiating dilution and control. An investor is pricing risk and reserving rights. An accelerator is standardising terms it will repeat dozens of times. We advise all three, which means we know what the other side of your table is optimising for.
I.
For Startups
Don't just Raise Funds. Build Legacy Terms for your next three rounds from now.
The clauses that look harmless at seed compound at Series B. We help founders read a term sheet for what it does to control and economics over the life of the company, then paper the round so the cap table stays clean and the next diligence is boring.
01.
Term sheet review
Clause-by-clause analysis of valuation, liquidation preference, anti-dilution, and control terms, with fallback positions.
02.
SSA and SHA drafting
Share subscription and shareholders' agreements negotiated to protect founder control and operating flexibility.
03.
SAFE, iSAFE and convertible instruments
Instrument selection and drafting for early rounds, including convertible notes and bridge financing.
04.
Cap table and ESOP
Structuring of the pool, vesting, and dilution modelling so equity decisions hold up at the next raise.
05.
Founder arrangements
Vesting, reverse vesting, IP assignment, and founder agreements that survive a co-founder exit.
06.
FEMA and FDI
Inbound investment compliance, FC-GPR filings, sectoral caps, and downstream investment structuring.
07.
Diligence readiness
Data room preparation and legal clean-up so a 45 day exclusivity window does not become the deal risk.
08.
Taxation
Tax structuring and compliance for inbound investments and promoter holdings.
09.
Closing and post-closing
Conditions precedent, closing mechanics, and the post-closing filings that actually complete the round.
II.
For Investors
Deploy capital with the rights you priced in, enforceable when it matters.
Reserved matters, information rights, and exit protections are only worth what a shareholders' agreement can enforce. We structure the vehicle, run diligence that finds the real risk, and draft investment terms that hold from the first cheque to the exit.
01.
AIF structuring
Category I, II, and III fund formation and SEBI registration, including GIFT IFSC and offshore considerations.
02.
Fund documentation
PPM, contribution agreement, and LPA drafted to your strategy, governance, and economics.
03.
Investment agreements
Term sheets, SSAs, and SHAs drafted and negotiated from the investor side, with a clear fallback ladder.
04.
Legal due diligence
Corporate, regulatory, IP, and litigation diligence that surfaces what a red-flag summary would miss.
05.
FEMA and cross-border
Inbound and outbound structuring, ODI, and repatriation planning within the FEMA perimeter.
06.
Governance and rights
Board seats, observer rights, reserved matters, and information rights that remain workable post-close.
07.
Follow-on and bridge
Rights issues, pro-rata, bridge rounds, and down-round mechanics protected across the reserve.
08.
Exits and secondaries
Drag and tag, buy-back, secondary sales, and M&A exit execution and documentation.
09.
Portfolio support
Ongoing regulatory, contractual, and governance support across the portfolio on a retained basis.
III.
For Accelerators & Incubators
Terms you will sign forty times should be right the first time.
A program's leverage is its template. We build standardised cohort instruments that are fair enough to attract founders and firm enough to protect the platform, then keep the portfolio's cap tables and IP clean so demo day and downstream rounds run without friction.
01.
Cohort and program terms
Program participation agreements defining equity, deliverables, and the platform's obligations to founders.
02.
Standardised instruments
SAFE, iSAFE, and convertible templates designed to repeat cleanly across cohorts and vintages.
03.
Equity for services
Advisory equity, sweat-equity, and mentor grant structuring that does not clog a founder's cap table.
04.
IP and confidentiality
Assignment, licence, and confidentiality frameworks that protect both the program and its founders.
05.
Grants and schemes
Structuring for SISFS, Startup India, sponsor, and government scheme funding flowing through the platform.
06.
Conflicts and barriers
Information barriers and conflict protocols where a platform invests across competing portfolio companies.
07.
Demo day compliance
Investor introduction, disclosure, and solicitation practices kept within the SEBI and Companies Act lines.
08.
Portfolio hygiene
Cap table, ESOP, and secretarial clean-up so portfolio companies are raise-ready when the round comes.
09.
Follow-on vehicles
Sidecar, syndicate, and follow-on fund structuring for platforms moving from program to capital.
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