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  • About Track Deal
  • Private Equity/Venture Capital Deals: June 2025
  • 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…

    Read More

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🟢 Latest PE/VC Deal

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