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 81–90 of 100
  1. 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
  2. 082If you were to open a restaurant, what are the key concerns? Quantify them for Chulhavik Dining's Rs 1.5 crore, 80-seat outlet at 1.5 and at 2.5 table turns a day, and say which risk matters most.Unit economicsCoreGeneral AtlanticBeijing · 2014
  3. 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
  4. 084How would you value a B2B SaaS company? Value Hisabvik Systems: ARR Rs 45 crore, next-year growth 60%, NRR 118%, gross margin 78%, free cash flow margin minus 20%. Peers trade from 6x to 14x next-year ARR, the top reserved for growth above 50% and NRR above 115%. Derive a range and a point.SaaS metrics and diagnosticsCoreBattery VenturesBoston · 2022
  5. 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
  6. 086Your portfolio company Billvik Invoicing (ARR Rs 30 crore, growth 55%, CAC payback 15 months, Rs 1,500 a month) faces three competitors at ARR Rs 80, 22 and 12 crore, growth 30%, 90% and 120%, payback 11, 24 and 30 months, and price Rs 1,200, 1,900 and 900. Where does Billvik win, where is it exposed, and what should the board push on?Portfolio management and follow-onsCoreBessemer Venture PartnersNew York · 2022
  7. 087What would you look for in a company you want to invest in? Screen Beejvik Agri, Mitravik HR and Jalvik Water against a five-point checklist and say which goes to the partner meeting.Diligence and red flagsWarm upInsight PartnersNew York · 2023
  8. 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
  9. 089Explain a company the fund should invest in: Tavorin Naturals, a direct-to-consumer personal care brand with revenue of Rs 160 crore, gross margin 68%, marketing at 38% of revenue and 41% of revenue from repeat customers, raising Rs 80 crore at Rs 640 crore post. Is 4x revenue earned?Company pitchCoreGeneral AtlanticNew York · 2022
  10. 090Danthik Dental plans to buy 40 single-dentist clinics at 5x EBITDA of Rs 60 lakh each, add Rs 15 lakh of EBITDA per clinic through shared procurement, and sell the platform at 14x. How much does multiple arbitrage contribute compared with the operating improvement, and what breaks the plan?Growth equity returnsCoreGrowth equityHealthcare VC

Company names and figures are illustrative.