Induswhale Capital secured a 30 Cr Term sheet from a Global Venture Capital firm for my company Franklin EV. But when they realized that the Term sheet had certain one-sided and unfair terms around Liquidation preference, Exit criteria's, Restrictive rights on secondary sale and some terms demanding excessive control, they tried his best to fix them.
I was keen on taking the funding, but when the investor didn’t agree to fairer terms, they told us not to accept the deal as it would negatively impact the company's long term interest, even though it meant sacrificing their success fee's, which is a huge sum. That level of honesty is rare. They are not just in it for the money, but for the founder.
This is what separates great bankers from the good ones. If you're raising funds and need someone who truly puts the company's interests first, you need Vitrag and his team on your side.