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 51–60 of 67 · filtered from 100Clear filters
  1. 073Utsavik Consumer makes a 9:1 bonus issue before its IPO. Show what happens to the share count, an employee's options, the strike and the price, and whether the employee's stake changes in value.Cap tables and round modellingCoreIndia VCGrowth equity
  2. 075From four quarters of Tessavik Cloud's numbers, compute the latest magic number, CAC payback and burn multiple, and say which is weakest.SaaS metrics and diagnosticsCoreSaaS-focused VCSeries A to C VC
  3. 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
  4. 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
  5. 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
  6. 080An acquirer wants Lekhvik Legal Tech, which has Rs 60 crore of revenue at EBITDA break-even. With Rs 25 crore of cost synergies and Rs 15 crore of revenue synergies at a 40% margin, phased in over two years at a 15% discount rate, what is the most it should pay, and where would you anchor as the seller's adviser?Exits and secondariesCoreSeries A to C VCSaaS-focused VC
  7. 081Price Bimavik Insurtech's Series A from comparable rounds. Three recent rounds were done at 25x, 18x and 12x ARR for companies growing 200%, 120% and 70%. Bimavik has Rs 6 crore of ARR growing 150%. Fit the multiple to growth and name a price range.Early-stage valuationCoreFintech VCSeries A to C VC
  8. 083Size the market bottom-up for Vidyavik School Cloud, fee and attendance software for private schools: 3.5 lakh private schools, 40% with more than 300 students, 700 students on average in those, Rs 60 per student a year. What is the serviceable market, and why is a top-down figure useless here?Market sizing and thesesWarm upSaaS-focused VCIndia VC
  9. 085Safarvik Travel has a Rs 300 crore acquisition offer. Drag-along needs 60% of the preferred plus a majority of the founders. Series A holds 25% with a Rs 40 crore 1x preference, Series B 30% with Rs 160 crore, and two founders hold 25% and 20%. Who can block, and what does each party receive?Term sheets and waterfallsCoreSeries A to C VCConsumer internet VC
  10. 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

Company names and figures are illustrative.