It would start with a pitch by startups to the social VC firm. If the social VC firm is interested, they will reply and give the startup a question list for commercial due diligence (CDD) and social impact assessment (SIA). If CDD and SIA turns out to be good, financial due diligence (FDD) and legal due diligence (LDD) might take place. After that, the social VC firm might send a term sheet to the startups and negotiation process starts from there. When both parties reach a consensus on terms, structure and social impact commitment of the deal, share subscription agreement (SSA) and shareholders’ agreement (SHA) would be drafted and finalized. Deal closing includes payment and documentation and report to the appropriate authority.
pitch deck, business plan, financial projections, social impact assessment
Ankur Capital is a quite hands-on investor with a portfolio acceleration team dedicated to help portfolio companies with marketing, HR, finance, legal, networking. The social VC firm was founded by 2 female Managing Partners: Rema Subramanian and Ritu Verma. The two bring decades of experience in managing and growing startups as well as corporations.