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  • Private Equity/Venture Capital Deals: June 2025
  • foreign investment
    Foreign Investment Series

    Foreign Investments Series 1: Handbook on Foreign Direct Investment

    August 19, 2025 - By Nakshatra Gujrati

    Foreign investment in India has always been a sensitive subject till LPG reforms. After independence, India adopted a highly regulated…

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  • private equity
    Deal Corner

    Private Equity/Venture Capital Deals: July 2025

    August 7, 2025 - By Nakshatra Gujrati

    July 2025 kept the private equity investment momentum going with a mix of mega secondary transactions, growth-stage bets, and niche…

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  • permanent establishment
    PE VC Essentials

    Hyatt Ruling on Permanent Establishment: Implications for PE/VC Fund Structures in India

    July 29, 2025 - By Nakshatra Gujrati

    Multinational enterprises often conduct business in foreign jurisdictions through Permanent Establishments (“PEs”)—a concept that holds significant relevance under the income…

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  • founders agreement
    PE VC Essentials

    The Art of Drafting Founders Agreements: Aligning Vision, Equity, and Control

    July 10, 2025 - By Nakshatra Gujrati

    In this article, I’ll walk you through the key clauses every ideal Founders Agreement should include. For reference, you can…

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  • Lafufu
    Growth Catalyst

    Mind Behind Labubu/Lafufu: How Pop Mart Built—and Risks—Its Collectible Empire

    July 5, 2025 - By Nakshatra Gujrati

    Pop Mart’s heavy reliance on its Labubu blind‑box model offers a high‑velocity consumer brand fueled by Gen Z demand—but risks abound. Trend…

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  • convertible note
    PE VC Essentials

    Understanding Convertible Note in India

    July 3, 2025 - By Nakshatra Gujrati

    If you're a startup in its early stages and grappling with valuation uncertainties, issuing Convertible Notes can be a smart…

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  • private equity
    Deal Corner

    Private Equity/Venture Capital Deals: May 2025

    July 2, 2025 - By Nakshatra Gujrati

    The diversity seen in May’s deal activity highlights a balanced investor strategy: long-term infrastructure and capital-intensive projects on one hand,…

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  • shareholder agreement
    PE VC Essentials

    Understanding a Shareholder Agreement

    June 30, 2025 - By Nakshatra Gujrati

    In India’s private equity (PE) landscape, investors typically acquire minority stakes in promoter-led, unlisted companies. This limited equity exposure compels…

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  • private equity deals in june 2025
    Deal Corner

    Private Equity/Venture Capital Deals: June 2025

    June 30, 2025 - By Nakshatra Gujrati

    The June activity reflects a more mature and calculated investment approach. Investors are showing a clear tilt toward control deals,…

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Track Deal

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TrackDeal

🟢 Latest PE/VC Deal

Company: Chai Bisket
Amount: $5 Million
Lead Investor: General Catalyst
Sector: OTT Components
Date: July 15, 2025
View All Deals →

Quiz Time

Test Your Knowledge: Foreign Investment in India

1. Which legislation replaced FERA, 1973 and shifted India’s approach from restricting to facilitating foreign investment?



2. Which instruments qualify as equity instruments under FDI in India?



3. In case of unlisted companies, what is the minimum pricing requirement for a foreign investor buying shares?



4. What is Downstream Investment (Indirect Foreign Investment)?



5. Who bears the responsibility for compliance in a downstream investment chain?



Investment Deck

🚀 Deal Deck by TrackDeal

🔋 Orix exits Greenko for $1.28Bn
AM Green | Renewable Energy
💊 Bain Capital offloads $65.6Mn in Amcure
BC Investments IV | Pharma
🤖 Zango AI raises $4.8Mn
Nexus Partners | RegTech
🥗 Khetika secures $18Mn
Sekhsaria FO, Anicut | Healthy Food
🚀 Green Aero seed round $1.6Mn
pi Ventures, Antler | Hydrogen Tech
🎬 Chai Bisket raises $5Mn
Info Edge, General Catalyst | OTT
💰 Swiss PE–Infinity deal $230Mn
Indium IV | Consumer Loans
See All Deals →

Key Terms under a Termsheet

🔑 Key Terms in a PE/VC Term Sheet

Includes investment amount, % stake on a fully diluted basis, and ESOP allocation. Must align with FEMA pricing norms and Section 62 of the Companies Act.

Events that must occur before closing (e.g., board approvals, IP assignments). Non-fulfilment can void the deal.

Investors typically nominate directors. Nominee directors owe fiduciary duties under Indian company law.

Matters requiring investor consent (e.g., raising capital, changing bylaws). Must be mirrored in the AoA to be enforceable.

Includes IPO, buy-back, third-party sale, and put options. These must comply with SEBI, Companies Act, and RBI guidelines.

Safeguards against down rounds. Must be reflected in SHA and AoA to be enforceable.

Usually binding even when the term sheet is non-binding. Courts have upheld their enforceability (e.g., Welspun v. Brilliant).

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