Down Round

Advanced Level Bengaluru Entrepreneurship 2 views

Definition

A funding round where a company raises capital at a lower valuation than the previous round.

Detailed Explanation

Down rounds indicate challenges - market conditions, missed targets, or business issues. They dilute existing shareholders significantly. Anti-dilution provisions protect some investors.

Example

A startup valued at ₹500 crore in Series B raises Series C at ₹300 crore valuation.

Local Context (Bengaluru)

Several Bengaluru startups faced down rounds during the 2022-23 funding winter.

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