In so many years of assisting startups and growth companies raise funds we have come across so many entrepreneurs who feel that the investor community is roaming around with a cheque book waiting to fund any good idea which comes by. This belief is mainly due to the immense media attention given to the companies which get funded as well as partial knowledge around the entire fund-raising process. Firstly the investors do not fund ideas they fund businesses a fact which is normally misunderstood. The entire fund-raising process is a constant back and forth between the two parties and only comes into fruition once the due diligence process begins. It is time taking and cumbersome. The process begins with a pitch deck which needs to have a valuation. Once the business model and valuation is accepted by the investors then the process moves to a term sheet which basically will outline the terms and conditions of the investment. The term sheet can be binding or non binding. After the term sheet is finalized then the investor will do a due diligence both legal and financial. This is proceeded by creating a share holder agreement which will outline all the duties, rights and obligations of both parties. Once the SHA is signed and agreed then a call for money is initiated which means that the investor will now transfer the money to the companies account. The money may come at one shot or in milestone-based phases. It is therefore critical for the entrepreneur to know the length of their runway (at what time will the money run out) so that the process is initiated well in advance in order to get the funds when needed. This will ensure that there is no rush for funding in the last hour leading to either signing bad terms or worse closure of operations.
The Deck and the Deal
It is our privilege to be a client of Wealthedge since last 1+ years. Their financial , accounting and legal advisory services and support have been par excellence. On many occasions, they have gone beyond the call of duty to support Topline group in India. They have been helpful from the day we initiated our operation in India starting from company incorporation to FDI management and all other regulatory, banking and compliance advisory both on corporate as well as personal level. Their trustworthiness, commitment and outstanding financial and legal consultancy are deeply appreciated. We will be proud to recommend them to anyone who is looking for these professional services which are more about reposing trust in advisory function than back end management.
Michael SONGFounder & Chairman, China Topline Consulting Corp.
It is really refreshing to work with Wealthedge. They are truly interested in their client’s needs, circumstances, and preferences. What really impressed me was the way they took the time to get an understanding of our needs and their depth of knowledge, lateral thinking, and common sense approach. Their professional, ethical and caring demeanour elicits my trust and respect. I gladly recommend their services whenever possible.
Hemant DuaChief Executive Officer, GMR Sports - Delhi Daredevils, Inspiranti Sports
At Wealthedge, they look for ways to streamline procedures to improve efficiency and customer service. Set priorities and adjust them as needed when unexpected situations arise. I find them competent and flexible to change as per circumstances and this sets them apart. Good luck.
Sanjeev GargV.P. & Global Head, Customer Care CVBU, TATA Motors
Wealthedge has the wisdom and experience to make informed decisions for its clients, offer pertinent advice and action the best real world financial strategy for its clients. I'm one of them.
Roshan AbbasManaging Director, Encompass Events
The services of Wealthedge Financial Advisory Private Limited are exceptional because they are always backed with great strategic insight. From the simplest financial accounting needs to more complex business planning, they always come up with solutions that understand the needs of the business.
Ranjit RainaManaging Director, RAD!CAL, Brandwidth Events Private Limited
Excellent service on time as per the compliance requirements provided by Mr. Pathak and his team.
Sneha OberoiChief Financial Officer, Volvo Auto India Pvt. Ltd.