Invest in the Future with Visaiyon
Total Ask
1 Crore INR (~134K USD)
Investment Method
CCPS – Compulsorily Convertible Preference Shares
What are CCPS?
Compulsorily Convertible Preference Shares (CCPS) are a type of preference shares issued by a company with a mandatory conversion feature. These shares are a hybrid financial instrument that combines elements of both preference shares and convertible debentures
Benefits of CCPS
CCPS has precedence over common equity shareholders in two ways – before paying any dividends to equity shareholders, CCPS holders receive dividends, and if the company goes bankrupt and has to sell its assets, CCPS holders will receive a return on their capital on a priority basis when compared to the other shareholders.
Discount
30% Discount
This limited-time offer is open for investments until August 15, 2024.
How It Works
- Investment Period
- Open for investment commitments until August 15, 2024.
- Seeking to raise a total of 1 Crore INR from friends and family.
- Commitment Process
- Investors commit their funds through the provided form.
- Upon reaching the 1 Crore INR goal, detailed funding agreements will be issued to all investors.
- Post-Commitment
- Once the agreements are signed, investors will transfer their committed funds to Visaiyon,
- Conversion to Shares
- During the next qualified financial round, the CCPS will be converted into common shares.
1
Goal Setting
Aim to raise 1 Crore INR.
2
Commitment Form
Collect investment commitments.
3
Pitch Deck
Share investment pitch with potential investors.
4
Funding Agreement
Issue detailed and legally binding agreements upon reaching the goal.
5
Funds Transfer
Investors transfer the committed funds to Visaiyon.
Current Status:
Total Commitment Received: 32 lakh INR from 9 individual investors.
Current Progress
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INR ⟨₹⟩
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