Strategic financial modeling, data room audit readiness, and assertive term sheet defense for Series A, Series B, and growth equity rounds. Guided by empanelled Chartered Accountants and corporate legal counsel in Kerala.
Rigorous commercial & statutory support for institutional equity rounds
Venture capital represents institutional equity deployed into rapid-growth enterprises possessing proven product-market fit, scalable unit economics, and substantial addressable markets. Unlike early angel rounds, institutional VC transactions involve rigorous financial and legal due diligence, complex governance terms (protective provisions, board observer rights, affirmative voting covenants), and cross-border regulatory compliance under FEMA and the Companies Act 2013. D BIZ CONSULTANCY safeguards founder equity, preserves board autonomy, and ensures seamless compliance through round completion.
Understanding ticket sizes, dilution expectations, milestones, and governance rights across institutional funding stages
| Funding Stage | Ticket Size | Dilution Range | Traction Milestones | Board & Governance |
|---|---|---|---|---|
| Pre-Series A / Seed Extension | ₹3 Crores – ₹12 Crores | 10% – 15% | Defensible product-market fit, ₹15L–₹40L monthly recurring revenue (MRR), cohort retention. | Board observer seat, quarterly informational rights, basic affirmative matters. |
| Series A Round | ₹15 Crores – ₹60 Crores | 15% – 25% | Proven scalable distribution, positive unit economics (LTV/CAC > 3x), expansion roadmap. | 1 institutional board seat, standard reserved matters list, audited quarterly MIS. |
| Series B Growth | ₹60 Crores – ₹250 Crores | 12% – 20% | Market dominance in core vertical, geographic expansion, multi-product line revenue. | 2 institutional board seats, independent director, strategic committee oversight. |
| Series C & Growth Equity | ₹250 Crores+ | 8% – 15% | Pre-IPO profitability trajectory, cross-border M&A readiness, enterprise scale. | Full board restructuring, audit committee, ESG & statutory compliance scrutiny. |
How D BIZ CONSULTANCY manages your institutional round from collateral preparation to wire transfer
Preparation of institutional 5-year financial model, clean cap table reconstruction, IP assignment verification, and setting up a secure Virtual Data Room (VDR).
Targeted outreach across leading institutional VC funds in India and Southeast Asia, partner introductory pitch meetings, and technical Q&A management.
Commercial evaluation of pre-money valuation, 1x non-participating liquidation preference, broad-based anti-dilution ratchets, and founder protective covenants.
Guiding Tier-1 financial and legal due diligence, drafting the SHA/SSA, amending the Articles of Association (AoA), and filing Form PAS-3 for capital remittance.
Critical clauses that determine your economic payoff and operational independence
Exit proceeds hierarchy
• We strictly advocate for 1x Non-Participating Liquidation Preference to protect founder upside during exits.
• Resistance against participating preferences ("double dipping") which dilute equity returns during trade sales.
Valuation repricing protection
• Restricting down-round adjustments to the Broad-Based Weighted Average formula rather than Full Ratchet.
• Excluding ESOP grants and strategic partnership issues from triggering anti-dilution clauses.
Board seats & veto powers
• Limiting investor affirmative votes strictly to major structural items (winding up, new classes of shares, M&A).
• Maintaining founder discretion over routine operational budgets, executive hiring, and supplier contracts.
We structure, sanitize, and audit your data room before investor legal and financial diligence teams review it
Audited financial statements for 3 years, statutory registers (members, directors, charges), board minutes, MCA filings, and Cap Table reconciliation verified by empanelled Company Secretaries.
Material customer and supplier contracts, registered trademark certificates, software code IP assignment agreements signed by all founders/developers, and employee non-compete/non-disclosure covenants.
Schedule a strategic funding session with our senior corporate finance partners and legal counsel in Thiruvananthapuram and Kochi.
Head Office: TC No 44, 913, Cotton Hill Rd, Cotton Hill, Vazhuthacaud, Thiruvananthapuram, Kerala 695014
Kochi Hub: Koprambil Heights, Irumpanam, Kochi, Kerala