Unfunded Runway
4.8 Wks
Default cliff if zero bridge
Bridge Funded Runway
31.2 Wks
Via SAFE / Non-debt buffer
Debt Monthly EMI
₹1,36,109
Cash drain post-moratorium
SAFE/CCD Dilution
6.0%
Founder Keeps: 94.0%
Instrument Recommendation
iSAFE/SAFE Note due to grant disbursement timeline volatility and zero monthly debt service drain
⚠️ Critical Venture Debt Alert: If grant is delayed past Wk 14, monthly EMI of ₹1,36,109 accelerates cash depletion to zero before grant arrives!
Weekly Cash Balance Trajectory (36-Week Projection)
Multi-Trace Vector
Unfunded Baseline
Venture Debt (Amortised)
CCD / iSAFE (Zero Drain)
Expected Grant Arrival
Pre- vs Post-Round Cap Table Breakdown (Series Seed / Grant Conversion)
Equity Distribution
Bridge Instrument Side-by-Side Trade-off Analysis
Term Sheet Comparison
| Financing Structure | Monthly Cash Drain | Default Vulnerability | Founder Dilution | Regulatory & Legal Hurdle |
|---|---|---|---|---|
| Venture / Promoter Debt | ₹1,36,109 / mo | HIGH DEFAULT RISK | 0.0% (Non-dilutive) | Requires collateral / personal guarantee, strict repayment covenant. |
| CCD (Compulsory Convertible Debentures) | ₹125 / mo (0.001% Coupon) | Zero Default Risk | 6.0% | Indian Companies Act stamp duty, valuation certification by Regd. Valuer. |
| iSAFE / SAFE Convertible Note | ₹0 / mo (Zero Coupon) | Zero Default Risk | 6.0% | High founder alignment, deferred valuation, immediate execution. |