Venture Capital case studies, worked step by step

Cases
100
Traced to a firm
33
Topics
13
Hard
30
Topic
All topicsTerm sheets and waterfalls9Company pitch10Portfolio management and follow-ons8Unit economics9Down rounds, distress and runway7Fund economics and LP maths6Market sizing and theses8SaaS metrics and diagnostics9Cap tables and round modelling8Growth equity returns8Diligence and red flags5Exits and secondaries6Early-stage valuation7
Level
AnyWarm upCoreHard
Source
AnyReported at a firmStandard
Showing 11–20 of 20 · filtered from 100Clear filters
  1. 052Hridvik Devices, a cardiac monitor maker, has no revenue and two regulatory gates ahead. Value it today with a risk-adjusted NPV and say what drives the answer.Early-stage valuationHardHealthcare VCDeep tech VC
  2. 058Sanjeevik Health runs a dual track: a cash sale now or an IPO in nine months. Value both for the fund's 18% stake, counting delay, the pulled case and a lock-up, and say which track the fund should push for.Exits and secondariesHardGrowth equityHealthcare VC
  3. 062Vimanik Drones raises a down round at Rs 200 a share against a Series B price of Rs 500. Show the new price, the broad-based anti-dilution adjustment and everyone's ownership after the round.Down rounds, distress and runwayHardDeep tech VCSeries A to C VC
  4. 069Sarthavik Mobility has two Series B term sheets: a lower price with clean terms, or a higher price with a participating preference and a full ratchet. Compare the founders' proceeds at three exits and after a later down round.Term sheets and waterfallsHardSeries A to C VCIndia VC
  5. 071Mapvik Geospatial is selling for a Rs 900 crore headline, but only Rs 630 crore arrives at closing. What do the founders realistically receive, and how should they value the earn-out?Exits and secondariesHardSeries A to C VCSaaS-focused VC
  6. 077Dhaarvik Infratech is offered its Rs 4,000 crore pre-money headline only with a 1.5x liquidation preference and an IPO ratchet that guarantees the fund a 20% IRR. What do the fund and the founders get if the year-four IPO values the company at Rs 3,500, Rs 5,000 or Rs 10,000 crore?Growth equity returnsHardGrowth equityIndia VC
  7. 078Sanchavik Energy Systems needs Rs 40 crore and the lead insists on pay-to-play. Fund P will take its pro rata and Fund Q will not. Show the cap table and the payout at a Rs 200 crore exit, before and after the recap.Down rounds, distress and runwayHardDeep tech VCSeries A to C VC
  8. 079Tijorik Wealth raises Rs 120 crore at Rs 600 crore pre-money, of which Rs 30 crore buys founders' shares as a secondary at a 20% discount. Work out the shares issued and sold, the post-money ownership, the founders' cash and the investor's blended price.Cap tables and round modellingHardFintech VCGrowth equity
  9. 088Build the model for Lakshvik Seed Fund I: Rs 400 crore, 2% fees for ten years, Rs 3 crore initial cheques for 12%, half of investable capital reserved for follow-ons, 40% dilution on initial stakes. How many companies does it back, and what total exit value must the portfolio produce for 3x net after 20% carry?Fund economics and LP mathsHardSeed and early-stage VCFund of funds and LPs
  10. 091Baatvik Chat has Rs 5 crore of cash left and two options: an acqui-hire at Rs 40 crore, of which Rs 15 crore is retention paid by the acquirer to the team, or a wind-down with Rs 8 crore of asset value after dues. Investors hold Rs 70 crore of 1x non-participating preferences. What does each class get under each option, and what carve-out question must the board answer?Down rounds, distress and runwayHardConsumer internet VCVC platform and portfolio operations

Company names and figures are illustrative.